How did SEBI’s targeting F&O froth hurt long-term stock investors?
As per SEBI’s circular dated 1st July 2024,1 market infrastructure institutions (MIIs) (stock exchanges, depositary participants and clearing members) currently levy volume-based slab-wise charge structures, which the market regulator has asked to be uniform. Why does it matter? Ancillary transaction income – MIIs charge slab-wise fees from stockbrokers based on their turnover. This means the…