Adani Enterp. 2326.10↑370.05(18.92%)
Adani Ports 729.70↑41.60(6.05%)
Apollo Hospitals 4605.30↑158.15(3.56%)
Asian Paints 3084.90↑0.45(0.01%)
Axis Bank 917.55↓-6.50(-0.70%)
B P C L 361.60↑1.30(0.36%)
Bajaj Auto 4523.25↑40.05(0.89%)
Bajaj Finance 6793.05↑8.85(0.13%)
Bajaj Finserv 1413.00↓-2.10(-0.15%)
Bharti Airtel 801.85↓-3.90(-0.48%)
Britannia Inds. 4498.95↓-0.90(-0.02%)
Cipla 924.95↑8.70(0.95%)
Coal India 238.70↓-1.20(-0.50%)
Divi's Lab. 3265.00↑166.70(5.38%)
Dr Reddy's Labs 4457.65↑65.70(1.50%)
Eicher Motors 3545.45↓-25.45(-0.71%)
Grasim Inds 1718.35↑2.25(0.13%)
H D F C 2704.75↓-6.20(-0.23%)
HCL Technologies 1119.85↑24.50(2.24%)
HDFC Bank 1641.05↓-5.85(-0.36%)
HDFC Life Insur. 567.00↑9.40(1.69%)
Hero Motocorp 2692.15↓-20.85(-0.77%)
Hind. Unilever 2638.10↓-3.35(-0.13%)
Hindalco Inds. 407.70↑0.95(0.23%)
ICICI Bank 950.35↓-3.95(-0.41%)
IndusInd Bank 1246.15↓-1.85(-0.15%)
Infosys 1292.80↑23.90(1.88%)
ITC 424.75↑4.90(1.17%)
JSW Steel 704.60↑10.75(1.55%)
Kotak Mah. Bank 1940.20↓-1.45(-0.07%)
Larsen & Toubro 2216.60↑26.55(1.21%)
M & M 1265.55↑5.15(0.41%)
Maruti Suzuki 9156.65↑50.70(0.56%)
Nestle India 21494.80↓-195.35(-0.90%)
NTPC 174.10↑0.80(0.46%)
O N G C 165.60↑0.70(0.42%)
Power Grid Corpn 234.35↑0.65(0.28%)
Reliance Industr 2455.00↑13.05(0.53%)
SBI Life Insuran 1150.80↓-3.35(-0.29%)
St Bk of India 577.15↑2.00(0.35%)
Sun Pharma.Inds. 937.45↑11.60(1.25%)
Tata Consumer 766.10↑0.65(0.08%)
Tata Motors 522.50↓-2.45(-0.47%)
Tata Steel 105.00↑0.35(0.33%)
TCS 3298.70↑75.85(2.35%)
Tech Mahindra 1104.45↑32.30(3.01%)
Titan Company 2712.55↑10.90(0.40%)
UltraTech Cem. 7715.65↑34.35(0.45%)
UPL 670.40↑2.40(0.36%)
Wipro 395.75↑9.55(2.47%)

'Brokerage rates in India are among the lowest, need re-evaluation'

Ravi Kumar says float income generated by the industry is indeed facing challenges and brokerage rates could edge higher

Sundar Sethuraman Mumbai

Premium

Ravi Kumar, co-founder and CEO of Upstox

6 min read Last Updated : Apr 18 2023 | 10:21 PM IST

Regulatory changes for the broking industry have been rigorous but will make it stronger in the long run, says Ravi Kumar, co-founder and CEO of Upstox, a Mumbai-based, Ratan Tata-backed brokerage. In an interview with Sundar Sethuraman, Kumar says float income generated by the industry is indeed facing challenges and brokerage rates could edge higher. Edited excerpts:

Active clients have declined for the ninth consecutive month. What is the reason? Will this continue?

The decline in active retail clients can be attributed to heightened market volatility, which often causes investors to hesitate before participating in equity markets. The drop in active retail clients is a cyclical occurrence. As the markets have been relatively flat in recent months, investment activities have been subdued. However, investors tend to return once markets begin trending upward.