Musings

An assorted collection of thoughts on business, finance, and life. Browse by tags.

21 Feb 2022

User verification at Zerodha and protecting yourself against identity theft

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With the rise of online loan platforms, online identity frauds have skyrocketed. Here's our customer verification process in detail...
18 Feb 2022

Why our financial year start in April

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So this is why our financial year starts in April and not Jan, from my 6-year-old son's history factbook...
17 Feb 2022

Making insurance simple

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Insurance unfortunately needs to be hard sold today. The issue is that most don’t understand why they need insurance...
14 Feb 2022

The importance of money management

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If traders make money quickly with bad behavior, they mostly lose it just as quickly...
10 Feb 2022

The benchmark for success the-benchmark-for-success.md

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Maybe it has nothing to do with being founders, & it's just human nature that absolute success isn’t as satisfying as relative success...
09 Feb 2022

Can brokerage go to 0 in India?

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Many people ask me if brokerage rates can go to zero like in the US...
07 Feb 2022

Impact of 1% TDS on all Crypto trades

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With this 1% TDS, I think Crypto volumes in India will drop off the cliff...
04 Feb 2022

Tax arbitrage between dividends and selling a stake and startup profitability

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Can the tax arbitrage that exists between earning through dividends(~52%) vs earning through selling a stake (~24%) be the reason why most new-age businesses are not profitable?...
03 Feb 2022

Unauthorised CFD and forex trading platforms

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We had cautioned people about illegal CFD & Forex & Binary trading platforms a while back...
01 Feb 2022

My reading of crypto post the budget

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The good news for crypto is that it was finally acknowledged in the budget. That doesn't mean it's legal—it will only be after the crypto bill...
17 Jan 2022

From Native to React Native to Flutter

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A regular question that comes up is about our use of Flutter for building our mobile apps...
17 Jan 2022

Impact of STT on traders, exchanges and brokerages

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Every budget day for the last 15+ years, I've woken up hoping that STT is reduced. Hoping STT reduces this year...
15 Jan 2022

History of F&O margin requirements in India

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NSE introduced F&O in 2000 & today NSE is the largest derivatives exchange in the world by volume...
14 Jan 2022

Private market valautions are weird

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While listed high growth, yet to be profitable startups are seeing sharp drops, private market valuations are somehow still holding up. Weird times...
13 Jan 2022

Advisory is one the biggest Indian fintech opportunity

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One of the biggest Indian fintech opportunities is advisory to help Indians manage their personal finances better...
12 Jan 2022

One of the most complex projects at Zerodha

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Building reports like Tax P&L, holdings, turnover reports etc. have been one of the most complex projects at Zerodha...
11 Jan 2022

India is addicted to gold

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Over $400billion went out of India to import gold vs $600 billion+ that came in through FPI, FDI & VC. Imagine, instead of gold, some of that money was invested in Indian companies...
06 Jan 2022

Irresponsible influencers

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Watching famous personalities with huge fan followings trying to trigger investors is quite disgusting..
04 Jan 2022

Why only 1% of traders make money

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I'm surprised that, so many are surprised that just 1% of active traders make more than bank fixed deposits over 3 years timeframe. Active trading is like running a business, only a small % succeed...
03 Jan 2022

Physical delivery of stock F&O & their risks

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With mandatory physical delivery for stock options and the removal of the Do Not Exercise (DNE) facility for options (Especially buy options), the risk of huge losses has gone up significantly...