The companies, products and regulatory developments shaping the broker industry.
SEBI’s FY2025–26 studies reveal that individual derivatives participation fell while aggregate transaction costs remained near ₹24,859 crore, with hundreds of thousands of customers moving from gross profit to net loss after charges.
Official member pages show Groww’s one-year active count approaching twice Zerodha’s, while the disclosed derivative-client intensity of Upstox and ICICI Securities differs by more than threefold.
India’s securities regulator has established a working group to reassess listing eligibility, investor participation and capital raising for research-intensive companies.
SEBI and the Bank of England have agreed to cooperate on oversight of SEBI-recognised clearing corporations; the MoU does not itself license clearing members or exempt overseas firms.
SEBI moves selected FPI reviews to eight-year intervals from 1 December, while retaining two-year reviews for higher-risk categories and separate exceptions.
SEBI removes the India-location requirement for digital onboarding of qualifying non-resident clients, while demanding verifiable video identity checks and portable KYC records.
TradingView's new Upstox integration enables Indian market execution from Supercharts, with separate fees and venue scopes that matter when comparing brokerage costs.
The Indian firm disclosed a ₹10 lakh adjudication order involving its merchant-banking work and SME offering documentation, a different role from ordinary client order execution.
India’s regulator identified failures to independently inspect a broker’s authorised person and its terminal controls in a case originating from suspected Axis Mutual Fund front-running.
India has published practical access to its 2026 administrative and civil settlement framework, with separate application windows and a transition arrangement for existing proceedings.
The regulator is consulting on a prescribed NISM examination and a six-month compliance period. The proposal concerns the designated principal officer role, rather than every compliance employee.
From April 2027 SEBI will permit same-scheme, same-cycle cash netting for eligible outright mutual-fund trades; securities still settle gross.
Indian securities regulator SEBI and the Digital India BHASHINI Division sign a language-technology agreement covering investor education and access to financial information. The programme is exploratory.
A working group will examine the Innovators Growth Platform from investor eligibility and fundraising through to post-listing obligations and migration to the main board.
The revised process covers NRIs, OCI cardholders and foreign nationals in FATF-compliant countries, with video checks, reusable KYC records and continuing intermediary responsibility.