SEBI's new move to cut retailers participation in F&O!

[madhusudhan_r02]

That income is peanuts compared to even stamp duty. And any income of SEBI is income of GoI. So even if govt is successful in shifting 5% of f&o volumes to cash they will earn more STT than they would lose on sebi charge.

Stamp duty is state govt's share.. I hope all these charges get rationalized some day.

 

[TraderGYO]

So, I guess the assumption is that the more money a person has earned regardless of his profession, the higher knowledge he has on derivatives.

sorry state of affairs.

 

[okabira]

It's unfair to stop such traders for SEBI in the name of investors protection when they are making money.

govt employees are slow but they are not fools.they understand what is the impact of this policy.

I wish SEBI had rather taken a stand to educate small traders than to bar them from trading.

I said according to Income Tax Rule, 'Derivative trading is not speculation'. We must add this to the first line of the petition.

I was thinking about writing to them after they show their cards.
yes, you have made a strong point, their method of options turnover calculation is bit weird.

Whatever you all do ... I need money .. more taxes
STT + More STT if allowed Short delivery + GST + New LTCG + Swach cess (no more but ... dia tha na 1 saal pura )?
force them out of fno and make them take cash ...
why pay low tax in fno ? give us the money..
squeeze them..

10 % on dividend by equity-oriented mutual funds. ..

block more margins + increased lot size ..

We are being treated like lab rats ... doing bits of experiments on us ...
Man ..
in which country has STT + LTCG coexisting ? right . INDIA

i need money money money money ......

////////////////////////////////////////////////////////////////////////////////////////////////////////
NOT related to sebi but govt...

education + health cess = increased from 3 to 4 %

did you all forget increased rail ticket prices ?
introduction of dynamic prices.
earlier rajdhanis / shatabdis ran full ..even needed extra coach..
now as time comes to journey date ... prices skyrocket .. even matching standard airlines sometimes..
now atleast 50-100 seats run as non-takers ..

see this tweet ..

what joke for mallya and nirav
samit himself said jumla..
koi paisa waisa khatey may ni ayega .

 

[Tejas Khoday]

The government of Maharashtra have banned plastic in the name of environment protection, this is an industry which employees millions in unorganised sector of come.Now the plastic is being replaced by paper, just wondering how cutting down trees will protect environment.

Good one

 

[Tejas Khoday]

Yes, it's is just the beginning. But, NSE certificate is not a big issue, only a few multiple choice questions on a small syllabus, even dumb people can pass it.

You will be surprised how many people fail this exam. More often than not the average folks take 3 attempts to pass! Not because they are dumb but because they don't care about learning theory. A compulsory move for NCFM/NISM derivatives certification will seriously impact market participation. First of all, the exam dates are not available at will. One has to wait for more than a month sometimes just to appear for the exam.

 

[Verde]

if govt is successful in shifting 5% of f&o volumes to cash they will earn more STT than they would lose on sebi charge.

this policy change has nothing to do with stt or small traders. the real reason will never come out.
the lot size change from 2.5 to 7.5 was made to protect small traders according to sebi.
biggest joke of India.

 

[headstrong007]

@headstrong007 can you please share the letter with us so that we can also send the same to sebi and pmo.

Pls don't mind, this would not be good.
As I have already sent it first using my Official Email. This is the personal letter, they may already find very hard to digest too many points(all discussed here ).
But, If they start getting similar mail from various traders, they will easily track the main culprit behind the scene(the first emailer). I have such a bad experience in my school days.

 

[headstrong007]

Imagine if they calculate eligibility on contract value. Then basically, more than 90% of the traders can't even trade one lot. Since almost everyone tries their level best to file in the 20% tax bracket and most contract sizes are 10 lacs and beyond.

But SEBI must consider the leverage(margin trading) in derivative trading.
We are not taking delivery of 10 lakhs contract, only 1month, 2month, 3-month valid contract. So No question for asking 100% when the overnight margin is only 5% plus exposure (overall 8-10% for Index).

 

[Smart_trade]

You will be surprised how many people fail this exam. More often than not the average folks take 3 attempts to pass! Not because they are dumb but because they don't care about learning theory. A compulsory move for NCFM/NISM derivatives certification will seriously impact market participation. First of all, the exam dates are not available at will. One has to wait for more than a month sometimes just to appear for the exam.

Anybody who trades in the market ,passing NCFM exam is child’s play as he is using all the concepts in his trading.Theory part one can do in one week.I have passed NCFM dealers module and derivatives modules half a dozen times .Exam dates are available very easily within 1-1.5 months time max,and we can register,pay fees and get admit card all on line .So passing exam is not a big issue.It will ensure that people with knowlegge and understanding of risk ,margining system,order matching etc will come in F & O market.It is necessary...many times new traders ( even terminal operators of brokers ) do not understand if one is short puts and market going down means a loss to the trader...they think if one is short in anything,market going down means profits...

Smart_trade

 

[Tuna]

Who will be the biggest loser if F&O market becomes untradable to retail traders?

1. Brokerage Houses (ZEEE, Direct, Sher etc etc) - less participation, less brokerage
2. Exchange

When you run a casino, you dont want to shoo your bakras away bro. You just sometime coax them to show how caring you are for their financial well being.

Don't worry too much. Even I don't trade anything apart from Index and Commo - Whatever happens, the show will go on.