This can be a good replace Nitin. The elemental drawback is that every part is addressed as a knee jerk response. It’s an individual’s freewill on what they select to consider or not consider.
@nitin. Sure we perceive that there are lots of people who find themselves making a residing by this zerodha referal and so they assist in getting new clients.
However Finfluencers are exploiting that options, and even buying and selling with a fraction of that cash is a large quantity to lure retailers into the entice. And it’s solely a handful of individuals doing this.
So, What if this quantity is capped to a restrict , in order that the luring of the purchasers is proscribed and doesn’t have an effect on the advertising individuals who truly work laborious to usher in clients.
Like you possibly can cap it to Variety of accounts beneath an individual or PAN or you possibly can restrict on the quantity generated on a month-to-month foundation.
Type of a win win for each.
Aman_Julka:
On this case is it advisable to go ahead AIF 3 with this measurement.
That is the one clear regulatory means of doing this.
Milind.Okay:
All arguments in favor of associates sound hole, particularly the agricultural protection. Do you really need the poorest strata to be doing Choices or for that matter penny shares? Any non SEBI auth particular person has no enterprise advising anybody about funding…and acceptance of this truth by brokers and fininfluencers is lengthy overdue.
Zerodha shouldn’t be creating circumstances for scamsters to flourish and attempt to disguise behind semantics.
Do the appropriate factor, pave the way in which for safeguarding your clients by eradicating associates which might be non SEBI IAs or RAs – for my part each.
Whereas choice buying and selling is what contributes 80% of alternate volumes, over 80% of the individuals who commerce the markets actively don’t do choices buying and selling. Final 12 months ~40lks individuals traded choices, the remaining 2crore+ did fairness buying and selling. Affiliate, referral, licensed particular person, and companion applications assist broaden the general market.
That stated, I do get what you might be saying and like I defined, there needs to be a regulatory framework that enforces everybody to observe the identical rule. In my guess, it’s coming very quickly.
Including the opposite feedback to the identical submit as my reply is comparable.
Chirag1:
I’m sorry however your submit is shallow.You possibly can’t simply undo one thing if there isn’t a regulatory framework.
Chirag1:
I’m positive this submit will get deleted however I’d bluntly say, i’d have been tremendous pleased if 10 years in the past you foresaw this drawback and prevented it from occurring along with your nice insights from the submit.
All of the craziness has been within the final couple of years, particularly since Covid. And this was when each dealer on the market was giving out affiliate hyperlinks. But when I might return in time and undo this, given the data I’ve immediately of what it changed into, we’d have by no means launched affiliate hyperlinks. By the way in which, I’m positive, that if we hadn’t launched this, another person would have as affiliate hyperlinks are in style throughout completely different industries.
Sleepy_Weasel:
@nithin actually respect the effort and time you will have taken to speak with us all on these questions thanks a lot actually respect it … additionally I feel you need to have some devoted podcast on this out of your finish as we are able to relate a lot with small small issues you will have spoken about …given the brand new challenges we face at present with regards to day buying and selling would love to listen to extra from you on this
Ah yeah, we’ve got sort of misplaced out on this video content material recreation. Now we have some plans, and you’ll begin seeing one thing from our finish quickly. I feel we want people who can share their market views with none agenda; our job is to offer a platform for such people.
Algo_Mint:
F&O revenue is assessed as enterprise revenue and never buying and selling/speculative for taxation goal. If that’s the case, why is it thought-about as monetary revenue? Furthermore underwriting choices is extra like operating an insurance coverage enterprise with all of the settlement obligations taken care by Clearing member in contrast to the insurance coverage enterprise. Even insurance coverage corporations don’t require NBFC registration with RBI. In that case, I don’t suppose NBFC licence is required. RBI 50-50 rule isn’t relevant right here. Please appropriate me when you suppose I’m unsuitable.
Hmmm… No, it’s relevant. You possibly can go ask any first rate chartered accountant or legislation agency. They’ll inform you an identical. I do know many corporations who’ve obtained notices for having solely buying and selling revenue and for not being an NBFC.
shantveer_s:
So, What if this quantity is capped to a restrict , in order that the luring of the purchasers is proscribed and doesn’t have an effect on the advertising individuals who truly work laborious to usher in clients.
With any such guidelines, individuals will find yourself gaming it. Have a number of accounts by means of which referral occurs, and so forth. The one answer is what the SEBI session paper suggests.
Hello @Nitin
Relating to the finfluencers, it appears even zeordha verified will be faked. Check out this hyperlink.
console.zerodha.com
Verified P&L – Zerodha
Test P&L verified by Zerodha
As per the small print Jan 6 , 2022 is essentially the most worthwhile day. However when i’m verifying the commerce on that date, its no the place as per the commerce log.
Image
Qty.
Purchase avg.
Purchase worth
Promote avg.
Promote worth
Gross realised P&L
BANKNIFTY2210635700PE
25200
12.94
3,26,027.50
640.23
1,61,33,794.99
+1,58,07,767.50 +4,848.60%
Are you able to affirm is that is pretend or not.
Thanks
Kathiresh_Nadar:
As per the small print Jan 6 , 2022 is essentially the most worthwhile day. However when i’m verifying the commerce on that date, its no the place as per the commerce log.
Now we have by no means had any points with our P&Ls. This could possibly be a type of contracts that was let to run out. sixth Jan 2022 is an expiry day.
It can’t be pretend, as that is on our P&L web page.
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