Shree

Loss Making Trader, With Patience.

[Shree @shreesimple]

@SarangSood 1-2 months me bol denge, nifty ka target 24000, aur dec tak bol denge nifty 21000, har baar 3000 se change karna hai unhe bas.

[Shree @shreesimple]

@Alphaalgo7 Talk about transparency, they are considering removing IEP during CAS, Thats exactly opposite of transparency.

[Parvej Alam @ParvejKhan2009]

#BSE #NSE Bull is unable to walk.

[Shree @shreesimple]

@InvestorOfJAMMU @atul1602 matlab dono beda gark kar rahe hai, ye freebies k chakkar me hi traders se tax wasooli ho rahi hai.

[Shree @shreesimple]

@SarangSood NSE listing tomorrow, giving some carrot at right time.

[Amit Arora 🇮🇳 @GuruShareMarket]

🤡 EVOLUTION OF INVESTOR FRIENDLY POLICIES 🤡

Before 2018 ~ No LTCG, 15% STCG Tax
2018 ~ 10% LTCG Tax came
2020 ~ Dividend income to be taxed
2024 ~ STCG increased from 15% to 20%
2024 ~ LTCG increased from 10% to 12.5%
2024 ~ STT raised on F&O
2026 ~ STT raised on F&O
2026 ~ MDR on UPI transactions

[Shree @shreesimple]

Co-location scam details loading?

https://t.co/L9woIAsBu6

[Shree @shreesimple]

@Iam_Rohit_G @udit749 So you proving this, Ashneer cant do what govt can do, still you choose to compare him with Govt?

[Shree @shreesimple]

If India most Profitable Broker cannot sustain 0.02%,and they expect a shopkeeper to absorb 0.4%,
And he is restricted to not pass on the cost directly,
he found a way to pass on this cost to someone else.
Very reasonable justification

https://t.co/wCo5AXFxS5

[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.

[Shree @shreesimple]

@CAvenkatc @saketh1998 those Freebies should stop before imposing charges in UPI

[Shree @shreesimple]

@SarangSood This charge will be taken from brokers and mutual fund houses, now mutual fund houses will adjust this new cost in NAV and no1 will know it, so basically charges is passed on to everyone not just UPI users. so everyone will bear it, including you, assuming you have invested in MF

[Shree @shreesimple]

@BJP4India व्यापारी 2 अलग अलग कीमत बताएँगे . कॅश करोगे तोह x . UPI करोगे तोह x+y. आख़िरकार भरना तोह आम यूजर को ही पड़ेगा

[Shree @shreesimple]

@BJP4India We Don't care what Congress says, We care more about What Government does, and UPI was Completely free to use, and that is not the case anymore, It should remain completely free, If government can afford to distribute freebies, they definitely can afford this cost.

[Shree @shreesimple]

@Nithin0dha You are in deep profit, You can definitely afford it,

You can afford even paying tax for breathing, Is it time for Breath Tax?
#TaxTerrorism #CASino

[Shree @shreesimple]

@Royalsinghz3 Better use cash.

[Shree @shreesimple]

@onlyequities @deepakshenoy On paper mutual fund will pay,
but they will adjust in NAV,
and it will pass on to every unit holder, irrespective of upi used or not while paying.

[Shree @shreesimple]

@iarjuntandon CAS wala door reh gaya.
#CASino

[Shree @shreesimple]

@TheCISOboy @Pawankhera @Ashneer_Grover We don't care what he does in his personal space, We care more about Government does, and the fact is UPI was completely free and it should remain completely free. Degrading UPI ecosystem is self punching

[Shree @shreesimple]

@NPCI_NPCI UPI Mandate revoked due to non allotment will incur charges?

[Shree @shreesimple]

@connectgurmeet Something is working fine,
they introduce some rule/charge and make a huge mess out of it, then after a huge backlash, they will introduce some substandard alternative, as complete rollback means admitting mistake, in the end it degrades system.
Just like CAS. #CASino