New Sebi rule may increase brokerage cost

Published By Aman Gupta | 07 Oct, 2022

From October 7, a new Sebi (Securities and Exchange Board of India) rule kicks in

The new rule ensures that your funds are not being misused by your broker

However, this may increase the brokerage rates down the line.

Zerodha's Nithin Kamath estimates that this could be more than 25,000 crore across the industry

Brokers in the US are able to offer zero brokerage accounts because they can use customer funds for their working capital needs