Stock brokers ab sirf trading commission par depend nahi hain. Ab unka focus shift ho raha hai Margin Trading Facility (MTF) ki lending par, jiska total book size record **₹1.52 Lakh Crore** pahunch gaya hai.
Brokers ab ban rahe hain lenders!
Pehle brokers ki kamayi sirf trading commission se hoti thi, lekin ab scene badal gaya hai. 2010 mein jahan average brokerage ₹20-25 per order hoti thi, wo ab gir kar sirf ₹3-5 reh gayi hai. Isi wajah se ab saare brokers Margin Trading Facility (MTF) ko apni primary income ka source bana rahe hain.
Record-breaking numbers
Industry ka total MTF book ab ₹1.52 Lakh Crore ka record level touch kar chuka hai. Is model mein brokers aapko share khareedne ke liye loan dete hain aur badle mein tagda interest charge karte hain.
Kaun kahan khada hai?
- Angel One: Ye is field mein kaafi aggressive hain aur inka MTF book June 2026 tak ₹7,150 Crore tak pahunch chuka hai.
- Groww: Inke paas abhi bhi growth ka kaafi scope hai kyunki inka MTF penetration abhi dusron ke comparison mein kam hai.
Kyun hai risk?
Sab kuch itna simple nahi hai. SEBI ab is par nazar rakhe hue hai aur minimum net-worth requirements badhane ki planning kar raha hai. Sabse bada khatra hai 'wrong-way risk'—yani agar market crash hua aur aapke pledged shares ki value gir gayi, toh brokers ke liye liquidity ka bada issue khada ho sakta hai.
Investors ko ab sirf broker ke brand par nahi, balki unke loan book ki health par bhi nazar rakhni hogi. Agar aap market mein active hain, toh SEBI ke naye rules aur liquidity updates par dhyaan zaroor rakhein.