Discount brokers get a shock, the changes made by the market institution should be the same
The broker of the market whose price has fallen down
Let us understand a little about the share market
Just like you people go to the vegetable market to buy vegetables, similarly if you want to buy a share in a company, then you will have to open a demat account with any broker
Which we call share in English, if you want to buy a share in a company, then you go to the share market, but the market is still the same and the
Name of that market is National Stock
Exchange and Mumbai Stock Exchange, there are two markets in Mumbai, one is named National Stock Exchange and the other is named Mumbai Stock Exchange
If we want to buy shares from that market, then for this we will need a broker, which we call a broker
SEBI:-
has made a proper arrangement, if you people want to buy or sell shares, then for this you people will have to open a demat account, after opening a demat account, you people can buy and sell shares of any company which is already registered in both National Stock Exchange and Mumbai Stock Exchange
This is a demat account:- To operate this, there are some brokers who are already individuals who are sitting between you people and the share market.
You people are trading and investing in the share market through them, like Zaroda, Angel Broking, HDFC Securities, ICICI Direct, Upstox, Sherkhan, Axis Securities, 5Paisa, Kotak. In this way, there are some brokers and many more brokers in the market. You can buy your goods through these brokers, which we call shares. There are many companies in India that open accounts in this way, through which people open demat accounts. The name of the biggest company among them is groww, which holds about 23.4% of India’s share, that is, through groww, the people of India buy the most shares from the share market.
There are also other companies:- like Zaroda, Angel One, people also buy shares through them. Currently, companies like groww, Zaroda, Angel One, Up Stock are running in the top 5 in India with active subscribers in the market. But this broker does not work for free, he also takes his commission, which we call brokerage fee. Like some companies that say that we take zero brokerage, there is definitely something wrong, you are taking people’s money, investing my money, giving such a good platform to people, in this, who knows how many people work behind the scenes in the stock market and you say that we take zero brokerage, it means that there is definitely something wrong, you do something with this money, due to which broker is getting money to you. Let us know, from the platform from which you people buy shares, we have to pay many types of charges, like brokerage takes some commission and Mumbai Stock Exchange and National Stock Exchange
Also have a charger, there is GST, there is STT, there is SD and there are other charges, when you people sell a share, then the broker deducts some money in the form of tax. There are so many big platforms in India, suppose four crore population is trading through you, if 4 crore population, if ₹ 10 If one person trades, it makes 40 crores, if one trades 100, it makes 400 crores, so you people think that in our country if it makes 1000, it becomes 5000 crores, out of this, the broker will pay some percentage of tax and the broker will keep the whole amount with himself.
The bigger the client, the bigger the discount is given to them, that means you said Bhaisahab I will buy 10 kg of potatoes, he gave it to you for 175, you said I will buy 100 kg, it is possible that he may give you 100 kg at the rate of 150, you said I will buy the entire potato market, he said Bhaisahab take 10 kg for ₹100, in such a situation, the company with the bigger market was giving such a big discount, SEBI noticed this, SEBI said listen brokers and everyone’s brokerage will remain the same, that means this will not happen, we have more people, more money will be useful, you are brokers, you have more people, in this affair you are taking more money, the news is that Sebi has He said that the market institutions which are taking money from the brokers, the charge should be same for all brokers.The disadvantage of this is that the companies sitting with big portfolios and the small companies should all get equal benefits. As soon as this news came, big companies like
Zerodha Grow Angel One all these companies, some of these companies are already listed in the share market, after this news came, the share price of these companies started falling below the normal.
So SEBI has a
guideline :- for brokerage charge, Zerodha is ready, Angel One is ready and there are many such companies. SEBI has given equal respect to everyone who has one crore clients or 100 clients, Sebi is looking at everyone equally.
SEBI’s proper guidelines have come in our country. SEBI has asked to bring transparency in fair share market practice. Now MIIS, which are market intermediaries, can be a stock exchange, depositories like NSDL, it can be clearing houses.
All these have been told that you will not do any kind of impunity and you will have to give all these things to SEBI while working in a proper manner.
It has been asked to implement from October 1.
It is expected that from October 1, 2024, the brokerage on the stocks will increase, that is, now everyone will start getting the same discount, so overall everyone will now move forward in the same way.
Because the way of earning of the broker is being cut off.
On this, everyone’s reaction started coming. In the share market, there is a broker’s stock, the broker’s stock fell by 10 percent, like the share of Angel One fell down, the share of 5 Paisa Capital fell down, the share of Motilal Oswal fell and also The stock of another company fell down. Meanwhile, the founder of Zerodha tweeted and said that if this happens from October 1, then from October 2, I will start taking my brokerage. He has explained everything from his side.
Conclusion:- I hope you have understood what we have written about brokerage in this article. Stay connected to this website for stock market updates. Thank you.