Zerodha CEO Nithin Kamath said his company's zero brokerage policy on equity delivery has saved between Rs 2,000 crore and Rs 20,000 crore in investor wealth over the last 10 years.
Nithin Kamath's note on X
Kamath wrote on platform X that the company has stuck with the policy despite "extreme pressure" to change the stance as option trading volumes have plunged significantly in recent years.
“It's been around 10 years since we waived off brokerage for equity delivery,” he shared. “Even though there is extreme pressure to change the stance, given option trading volumes are down significantly, we've stuck with this so far,” he added.
At first, Zerodha decided to completely waive the brokerage fee on equity delivery in December 2015. Before that, the fintech firm charged a brokerage fee lower than 0.1 per cent or Rs 20.
Kamath further said that if the company charged its normal rate of 0.1 per cent or Rs 20, or the market rates of 0.1% or 0.3% without a cap, then that would have impacted investors' wealth in the range of Rs 2,000 crore to Rs 20,000 crore.
In his post, the Zerodha boss shared, “Over the 10 years of being free, our clients have saved between Rs 2000 and 20,000 crores as equity delivery brokerage.”
He finished by saying, “And yeah, Zerodha = Zero + Barriers (Sanskrit), not Zero + brokerage.”
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