Since 2019, Sebi has been making changes to make markets safer, investor-friendly: Zerodha's Nithin Kamath

Nithin Kamath, head of Zerodha, highlighted regulatory changes by the market regulator since 2019 to enhance market safety and investor-friendliness. He particularly noted the recent directive for direct transfer of securities to investor demat accounts and the proposal to increase the limit for Basic Services Demat Accounts (BSDA). \r

Kamath emphasized the significance of these changes, stating they streamline operations for brokers and reduce their role in client transactions. With BSDA potentially allowing holdings up to Rs 10 lakh, investors may enjoy reduced or zero account maintenance charges. Kamath suggested that brokers might eventually only handle order processing, reflecting a broader trend of reduced broker involvement in client affairs. \r

The Securities and Exchange Board of India (Sebi) released a consultation paper on the proposed BSDA limit increase on June 5.