Broking is currently a super competitive space. The broker that can hold a good number of active traders will survive and be profitable.
We reviewed the changes made by our peers, they are all quite big industry players when compared to us and have the pricing power which we do not have. All changes to pricing plans that got announced are can be termed as adjustments, but not major or significant changes. It would have been significant if F&O brokerage would have changed from INR 20 to say INR 25 or 30.
Yes, there are smaller players who are free - would they have ability to keep it free when there are zero exchanges rebates now is yet to be discovered.
We do not want to tinker or adjust for sake of changing the plans. The changes suggested by SEBI will play out the next few months and may be there will be some additional changes in the pricing. I would think that most players would truly realise the impact by end of March 2025, and get back to the drawing boards again to rethink on their decisions.
We will be reviewing these industry updates collectively among us and come back if there are adjustments to be made. If not, we wait for some significant changes to happen.
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Where is the subsciption cost mentioned? Can find the subscription plan details but couldn’t find the cost of subscription.