India’s wealthiest individuals are entering the broking industry, and it has become customary for them to offer free services for the first two years. However, several large firms are now indicating that free brokerage may not be sustainable in the future, and a uniform brokerage fee structure might become necessary. There is speculation that these affluent investors could be creating a pathway for their broking houses, potentially disrupting the market. The appeal of free services resonates strongly with Indian traders, especially those conducting numerous daily transactions, as high brokerage fees can quickly add up. Additionally, discussions are ongoing regarding collaborations with major asset management companies like BlackRock, positioning these wealthy individuals to manage significant chunks of private wealth effectively.
