Chintan Dalal 🇮🇳

Father of Amay & Anay. Keep Investing during falls and Avoid buying in Rallies. #COYG #investing #proudindian

[Chintan Dalal 🇮🇳 @chintandalal]

@Yuvraj_77 Good value stocks

[Chintan Dalal 🇮🇳 @chintandalal]

@nakulvibhor Using fold 7 for more then a year
Perfect for trading view .

[Chintan Dalal 🇮🇳 @chintandalal]

@darshitpatel84 darshan bhai u are a reputed person . this is a fake news and if anyone is sharing it u shud stop them and stop fake panic

[Chintan Dalal 🇮🇳 @chintandalal]

@bhav_paaji No MDR then

[Chintan Dalal 🇮🇳 @chintandalal]

@Share_Market You can connect ur dhan account and again they will be free

[Chintan Dalal 🇮🇳 @chintandalal]

@saurabh_gunjal_ Use debit card to get live codes 😁

[Chintan Dalal 🇮🇳 @chintandalal]

@chartians Dhan(tradingview) web based is also good and it's free .

[Chintan Dalal 🇮🇳 @chintandalal]

@Anirbban Intraday only

[Chintan Dalal 🇮🇳 @chintandalal]

@cagagansachdeva @Share_Market @zerodha https://t.co/tBAa5QaEDN

[Nithin Kamath @Nithin0dha]

I think MDR on UPI was probably inevitable at some point, especially given how widespread UPI adoption has become. It could also lead to more competition, instead of just three apps accounting for more than 95% of the market.

That being said, there are some use cases, like investing and broking, where the proposed MDR structure doesn’t really make sense.

The problem with broking is that there is no guarantee that money transferred to a broker will actually result in a transaction.

As brokers, we can’t force a customer to trade after transferring money. And if we can’t pass the UPI charge on to the customer, there is essentially no limit to the cost a customer can impose on a broker without generating any revenue.

Just as an example, 10,000 customers could each make 50 UPI transfers of ₹2 lakh in a month without executing a single trade. At the proposed MDR, this could potentially cost the broker around ₹2 crore, without generating any business.

What makes this even more challenging is quarterly settlement (QS). This is a SEBI regulation that requires brokers to send unused funds back to clients every month or quarter.
Most customers then transfer these funds back to their broking accounts, with more than half of these transfers happening through UPI. So regulation essentially forces this movement of money every month or quarter, and the broker could end up bearing the cost when the money comes back, without any incremental benefit or revenue.

By the way, we currently don’t charge brokerage on equity delivery trades because the economics allow us to offer them for free. But if every UPI transfer starts carrying an additional cost, irrespective of whether the customer actually trades, I don’t see how we can absorb this indefinitely.

I think having an MDR is okay. It still doesn’t solve the problem of customers transferring money without transacting, but something like 0.02% with a cap of ₹5 or ₹10 per transaction seems much more reasonable for broking, instead of a cap as high as ₹300.

[Chintan Dalal 🇮🇳 @chintandalal]

@cagagansachdeva @Share_Market @zerodha the sole purpose of MDR is to not charge the customer
just for reference
10,000 customers make 50 UPI transfers of ₹2 lakh in a month without executing a single trade. At the proposed MDR, this could potentially cost the broker around ₹2 crore, without generating any business

[Chintan Dalal 🇮🇳 @chintandalal]

@Tushar15 @newgenx9 Tushar bhai but who will bear the charges??
MDR on MF is worse than CG tax. CG tax is paid only if you have gains - still a reasonable logic. MDR is a tax on the principal.

[Chintan Dalal 🇮🇳 @chintandalal]

@Tushar15 @newgenx9 Tushar bhai but who will bear the charges??

[Chintan Dalal 🇮🇳 @chintandalal]

@mehulmpt finance sector also has to apply MDR.
stock brokers will charge MDR .
who will pay for MDR ?
if i transfer 1 lac to @zerodha who will pay for the MDR?

[Chintan Dalal 🇮🇳 @chintandalal]

@cagagansachdeva @Share_Market what about stock brokers like @zerodha
who will pay for extra charge??

[Chintan Dalal 🇮🇳 @chintandalal]

@jagoinvestor_ my daily grocery person will also now not tell me to do UPI
above 2000 he will wish for cash transaction

[Chintan Dalal 🇮🇳 @chintandalal]

@jagoinvestor_ Many local electronics store vendor ask for extra while using credit card. what will not stop them to ask for extra for UPI charges . and whom am i going to complain if they tell me to pay up extra . no one has the time in daily life to argue for extra charges.

[Chintan Dalal 🇮🇳 @chintandalal]

@terminator1229 300 will not go to govt
It will go to all service provider of upi
Like banks, paytm,etc

[Chintan Dalal 🇮🇳 @chintandalal]

@MehHarshil @JoshiPralhad Who