REeferal revenue for August month

@nithin

Hello,

Will we get the referral quantity for August 1-25 for this month, or like the federal government, is Zerodha additionally imposing it retrospectively?

Will we get the referral quantity for August 1-25 for this month, or like the federal government, is Zerodha additionally imposing it retrospectively?

Ah, no, until July thirty first, as we needed to be completed computing and paying out by the final weekend.

Nice, now Zerodha margins will improve by 10%. So please preserve different issues fixed for at the least a while. I’ve ready for a dynamic market, however in India, regulators and brokers are additionally creatively dynamic and including a 3rd dimension to buying and selling.

Nice, now Zerodha margins will improve by 10%

Hmmm… no.

Round 14% of our enterprise is thru referrals. So 10% of 14% = 1.4%.

However brokerage itself is 65% of our income, 65% of 1.4% or 0.8%.

At Zerodha, a scale of 0.8% can even be at the least 60-80 crores.I’ve been a Zerodha buyer since 2014, so begin some loyalty program.

I’ve been a Zerodha buyer since 2014, so begin some loyalty program.

Sadly, exchanges/SEBI doesn’t need us to launch any buying and selling/brokerage-related incentives. I suppose they’re rightly fearful about commerce inducement. However yeah, you’ve got some concepts on loyalty program which isn’t received to do with buying and selling, shoot it.

I’ve been a Zerodha buyer since 2014, so begin some loyalty program.

sure. agree

At Zerodha, a scale of 0.8% can even be at the least 60-80 crores.

That is the fantastic thing about psychology, once we discuss others we take a look at probably the most optimistic situation and once we discuss ourselves we issue within the worst potential consequence.

It is a unfavorable transfer for brokers. What’s the inducement for shoppers to refer now?

I don’t know what’s allowed by the regulator, however listed here are my wild needs.

You may give rewards like bicycles or fitness center memberships as rewards in a loyalty program for individuals who are all for health.

Equally, you possibly can create completely different classes and standards of rewards, such because the variety of accounts referred, brokerage generated, or years of energetic buying and selling completed with Zerodha.

Or, you possibly can create golf equipment like in school primarily based in your standards the place individuals will get publicity to completely different actions.

You might be proper, however Zerodha, being a bootstrapped firm, has some liberty .

Positively, push referrals will probably be stopped, however genuinely, if my good friend or member of the family asks me, I’ll nonetheless recommend Zerodha, so I don’t suppose pure referrals will probably be affected an excessive amount of.