A chrisage Association for Protection and Strengthening (Arise-India), this initiative is conducted together by some large systemically important or qualified brokers (QSB) focused exclusively on the retail investor, according to Dinesh Thakkar, chairman and CEO of Angel One, the third highest macler of the country.
While Thakar refused to reveal the names of the members because the initiative was “evolving”, QSB in India, according to March 11, 2024, includes Angel One, Groww, Zerodha, Upstox securities, HDFC securities and Kotak securities.
The Association of National Exchange Members of India (ANMI), BSE BROKERS ‘(BBF) and Associations of Mutual Funds in India represent countless participants such as retail and institutional clients, but there is no forum intended exclusively for investors. There are plans to fulfill this gap.
“This is done to create another association that is less diluted and has great interests of brokers at its core,” said other large mediation companies that supported the initiative. “Other associations are mostly led by smaller brokers, which eventually do not represent the vast majority of retail representation.”
The spokesperson in Groww, Upstox and Zerodha were not immediately available for comment.
The unique investor base on the NSE, which has a 93.4% share in the market markets, jumped out of 3.1 Crore in FY20 to 11.77 Crore in the current fiscal until 31 July. This means that almost one of the 12 Indians invests in the Indian stock market.
Since October last year, it has been related to the growing retail losses in the index options, the Indian Securities Council (SEBI) imposed measures to reduce retail madness in the popular product. This includes tripping the size of contracts with the index variants, reducing the number of weekly expiration per one to replace from more earlier, storing additional margins on the expiration day and change, as calculated excellent positions in the index options.
Only last week the chairman of Sebi Tuhin Kant Pandey emphasized the need for longer derivative contracts that would consult after consultation with the parties. This was done by a question by continuing the weekly index contracts, whose tenure could be increased to a fortnight, Mint reported.
The regulator’s intention according to veterans, such as Thakkar, is to increase the creation of capital through greater participation in money markets.
“The Indian capital markets have been witnessing unprecedented growth over the last decade, which were led by increasing the participation in investors’ retail and rapid digital transformation. The new investor class has appeared with different approaches to the involvement of the capital market,” Thakkar said.
“However, this rapid expansion emphasized the gap in platforms that represent a collective voice of retail investors and call for a reserved forum that would deal with their concerns and priorities,” he said. “A more inclusive and collaborative approach is essential to ensure that the regulations achieve the correct balance between investors’ protection and the support of industry growth.”
Therefore, leading players in industry from the business industry, the Association of Industrial Authority to support the interests of retail investors, support industry growth and involved in key stakeholders about the evolving investors’ priorities, Thakkar said.
Government, which increases the growth of cash markets in the derivative market, the government could reduce the tax on securities (STT) on stocks, cancel the long -term capital revenue tax (LTCG), introduce fraction of shares and expand its own retirement and supplied.
Even reduced STT and LTCG reversal to 10%, level before 23 July last year, from the current 12.5% would go a long way to increase retail participation in the cash segment, said Shipal Shah, CEO and CEO of Kotak Securities.
The STT 0.1% is selected in supplies based on supplies and 0.025% on non -constant stores. The STT on the possibilities was increased to 0.1% since October 1, 2024 compared to 0.0625% earlier.
Narinder Wadhwa, the CEO of Ski Capital, expects to increase the functional contracts for the index option for fourteen days from the week.
(Tagstotranslate) Sebi
