Zerodha's Nithin Kamath warns equity deliveries will no longer stay free due to MDR on UPI, says brokers cannot absorb the additional cost forever
Zerodha founder Nithin Kamath has said the proposed Merchant Discount Rate (MDR) on UPI transactions could end free equity delivery trades, warning that brokers cannot keep absorbing a charge that applies to every transfer regardless of whether a trade happens.
The Economic Times ·