@Arkaprabha Bhattacharya42, I didn't say we're rivals :-). In fact, they are friends of mine and we're a part of the same ecosystem catering to our respective clients that's all. Competition is part and parcel of life. We started 5-6 years later in 2015 while Zerodha had a head start.
W.r.t clearing, we believe it's important to diversify risk by dealing with well-established intermediaries in the space. Currently, we clear with the most renowned clearing members, ICICI Bank & Globe Capital (One segment). So far, it has helped us provide relatively higher leverage to our clients. A small fee is levied to compensate for the risk undertaken & services rendered. We may explore becoming a clearing member in the future since leverage is becoming standardized as per the new regulations. We'll see how it plays out.
