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Old 02-06-2015, 05:02 PM
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mad Retail broker count down 50% in the past month

Brokers catering to the retail segment are fast exiting the sector, as participation fails to catch up with the rising markets and compliance costs increase.

As of April, the number of brokers in the cash segment stood at 3,195, down from 6,147 the previous month, according to data provided by the Securities and Exchange Board of India (Sebi). The community has been seeing a decline in the number of those catering to the cash segment and retail investors.

“Generally, as markets evolve, there is a certain amount of consolidation in the markets and this decline is part of that cycle. But the numbers do seem a little surprising,” said Vinay Agrawal, chief executive officer, Angel Broking.

Most brokers have shut shop at a time when Indian markets are poised to do well through the next few years, despite near-term uncertainties. In the past year, the markets had risen 15 per cent. So far this year, they are trading almost flat.

http://www.business-standard.com/art...0101371_1.html
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Old 02-06-2015, 05:35 PM
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By increasing the derivatives limit to 5 or 10L, they are trying revive the cash market?
Another important factor - substantial new as well old investors have started investing though MFs.
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Old 02-06-2015, 08:03 PM
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it is always better to have a thin team of fat brokers rather than a fat team of thin brokers.
It's better for brokers to bid adieu than duping the investors of their money.
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