How will the broking industry perform next few years? This is a question I get asked often, more recently.

19 Jul 2021

How will the broking industry perform next few years? This is a question I get asked often, more recently. I usually say, if you can tell me the Nifty direction or volatility, I can tell you what the broking industry will do. Because both are positively correlated.

User growth depends on whether the markets (Nifty) go up or not. It took >10 years to reach the high made in 2008 in terms of new user addition (total NSDL + CDSL Demat). Revenues are based on market volatility. The more the market moves, the higher the revenues generated.

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