BENGALURU Even as brokerage firm Zerodha is witnessing its revenue and profit plateau, it’s bracing for a 30% to 50% hit in its revenue later this year due to new regulations relating to derivative products introduced by Sebi.
The first rule, effective Oct 1, is a ‘true to label’ circular which requires market infrastructure institutions to be transparent in their charging practices.Zerodha founder and CEO Nithin Kamath estimates that this will lead to a 10% reduction in its revenues. The second rule, which is currently in the consultation stage, focuses on index derivatives.
Zerodha braces for up to 50% revenue hit
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