Decline in F&O Turnover Ahead of SEBI Curbs Before market regulators imposed stricter controls on equity derivatives trading, proprietary traders exhibited a noticeable decline in index options turnover in August. This trend likely extended into September, accompanied by a more modest decrease in individual turnover. Key Insights and Trends Proprietary and Individual Turnover Dynamics Proprietary Traders’ Turnover: In August, proprietary traders experienced a 9.5% decline in gross premium turnover for index options, amounting to ₹11.56 […]

Navigating the New SEBI Regulations for Alternative Investment Funds (AIFs) The Securities and Exchange Board of India (SEBI) has introduced enhanced due diligence requirements for Alternative Investment Funds (AIFs), a move that has sparked a mixed response among industry stakeholders. This detailed analysis aims to shed light on the new regulations, their implications, and how businesses can adapt. Context AIFs encompass a diverse range of investment vehicles including private equity, venture capital, and hedge funds, […]

Google Pay Exploring Mutual Funds Offering: Strategic Moves Underway Google Pay, renowned as one of India’s premier UPI platforms, is actively engaging in discussions with asset management companies (AMCs) to introduce mutual funds on its app. Below, we break down the intricate details of these talks and previous attempts by the company to launch financial products on its platform. Exploring Mutual Fund Offerings A senior executive from a mutual fund house has confirmed to Mint […]

National Stock Exchange (NSE) to Discontinue Weekly Index Derivatives for Select Indices Key Dates and Affected Indices The National Stock Exchange (NSE) has announced its decision to phase out weekly index derivatives contracts for the following indices: Bank Nifty: Effective November 13 Nifty Midcap Select: Effective November 18 Nifty Financial Services: Effective November 19 Streamlining Weekly Options Post these changes, the NSE will exclusively offer the Nifty 50 index for weekly derivatives contracts. This strategic […]

Transforming the Discount Brokerage Landscape The regulatory landscape for discount brokers such as AngelOne, Groww, and Zerodha is experiencing unprecedented changes. With new rules demanding full transfer of exchange fee waivers to exchanges, brokers are compelled to raise their fees, thereby reshaping the financial ecosystem. Interestingly, the exchanges themselves emerge as unexpected beneficiaries, collecting the entirety of transaction fees from brokers in this new “true-to-label” regime. Key Changes and Implications Full Transfer of Exchange Transaction […]