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A steep decline in user base and revenues has left India’s premier investment tech platforms and discount brokers like Zerodha
, Groww, Angel One rattled with the national markets regulator tightening its noose around the high-volume and high-risk F&O trading activities.
India’s broking industry has thrived for years on a model built on zero-cost or deeply discounted equity delivery trading, and fees charged from high-turnover, low-cost derivative volumes. Retail investors, encouraged by mobile-first platforms and low entry barriers,…
