India Financial Brokerage Industry Outlook to FY’2024: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The publication titled ‘India Financial Brokerage Industry Outlook to FY’2024’ undertakes an in-depth analysis of Indian Capital Market Trrading industry, changing preferences of retail and institutional investors, competitive landscape of full service brokerages, discounted brokerage firms and hybrid firms. It also covers the unique expansion strategies undertaken by key players, type of technological advancements integrated by different brokerage firms, Regulatory landscape, Future outlook & certain trends expected to be a reality soon. During 2001-05, trading was limited only to informed & institutional investors with majorly all trading tasks undertaken by brokers. However, with introduction of derivatives based trading & increasing internet penetration, retail investing took a major jump & led to the formation of a new brokerage model by Zerodha called discount brokerage. Since, India has come a long way in improving trading infrastructure coupled with retail participation growing from almost Nil in 2001 to ~2% in 2019. Traditional Brokerage Method-Full Service Brokerage Brokerage Model of assigning a relationship manager & undertaking all trade related services from trade execution to overall portfolio management by charging high brokerage of 0.3-0.6%. Competition in full service brokerage is concentrated among top players including ICICI Securities, HDFC Securities, Kotak Securities, ShareKhan, Motilal Oswal etc competing on the basis of pricing, services offered, offline network, quality of advisory & research services offered, trading platforms etc. With increased financial & technological awareness, pricing became the top most consideration for millennial tech savy investors leading to emergence of discount brokerage model. However in current situation we see a changing trend of investors preferring to pay only for the services availed thereby forcing various FSBs to launch subscription/fee per service plans thereby making them hybrid in nature. As this trend is expected to continue in future, we might see some of the leading full service players like ICICI Securities converting their operating models to hybrid model. Discount Brokerage-Attracting customers with Minimal Brokerage Charges Brokerage model offering only trade execution services through trading platforms at discounted flat fee charges of INR 20 or 0.01% (whichever is lower) irrespective of trade value involved. With no cost for hiring advisors & analysts and no offline trading outlets, discount brokers are able to operate at very less operating cost compared to full service brokers. However, High investment cost incurred by them is related to in-house technology development or outsourcing it. The uniformity in pricing forces the players to compete on parameters such as technology, complimentary services, marginal based leverage offered. Leading players including Zerodha, 5Paisa, SAMCO, Upstox etc are seen to advancing their platforms with technological & back end up gradations including EKYC, biometric authentication, order management systems, advanced charting & analytical solutions etc. Due to limited advisory & research offerings, discount brokers face the challenge of catering to institutional clients which prefer PMS and IPO Facilitation services. In an objective of catering to both type of clients (Retail and Institutional), major traditional brokerage players including Axis Securities, Angel Broking introduced third broking model-Hybrid Brokerage. Preference for Subscription plans & Product Innovations leading to Hybrid Model Targeting dual clientele type & stiff competition from discount brokerage forced various full service brokers to launch special discounted plans thereby introducing the concept of hybrid model. In 2019, hybrid brokerage saw the entry of leading brokers Axis Securities & Angel Broking with launch of discounted brokerage plans like Trade@20 & Angel iTrade Plan respectively. With entry of new players hybrid brokerage is expected to acquire ~40% of industry’s client base by FY’2024. Other Developments Catering to investor’s major concern of portfolio diversification, leading players are also seen introducing the concept of thematic investments through in house portfolio development or by partnering with companies such as Smallcase. Similarly, geographical diversification needs are also being served by Stockal & Vested Finance by introducing the concept of global investing to Indian investors. Companies Covered:- Full Service Brokerages ICICI Securities HDFC Securities ShareKhan Kotak Securities Motilal Oswal Nirmal Bang Geojit Financial Services IIFL Securities SMC Global Securities Reliance Securities Discount Brokerage Zerodha 5Paisa Upstox SAMCO Prostocks R K Global Wisdom Capital Interactive Brokers Hybrid brokerage Angel Broking Edelweiss Axis Direct Swastika Investmart (TradingBells) MasterTrust Key Topics Covered in the Report:- Overview of India Financial Brokerage Industry Understanding customer’s requirements Decision making criteria for selecting brokers by retail & Institutional Clients Evolution in Role of Brokers, 2005-2022 Full Service Brokerage in India: Overview with Business Model followed Competitive Landscape including Cross comparison among major players on financial, operational, Pricing, Strengths & Weakness Analysis Company Profile of major Full Service Brokers Future Outlook & Potential of Full Service Brokers in India Discount Brokerage in India: Overview with Industry Ecosystem & Business Model followed Competitive Landscape including Cross comparison among major players on Financial, Operational, Technological, Pricing, Strengths & Weakness Analysis Company Profile of major Discount Brokers Technological Landscape including Technologies available, Profiling of major Technology Providers Overview of Back Office Operations with Profiling of major Back Office Operators EKYC Providers & costing Future Outlook of Discount Brokerage Case Study of Stockal Hybrid Brokerage in India: Overveiw with Business Model followed Industry Landscpae including Cross comparison among major players on financial, operational, Pricing, Strengths & Weakness Analysis Company Profile of major Hybrid Brokers Future Outlook for Hybrid Brokerage with expected Industry Trends Regulatory Landscape Governing Brokerage Industry in India For More Information on the research report, refer to below link:- India Financial Brokerage Industry Related Reports:- Philippines Financial Brokerage Market Outlook to 2023 – By Equity on Basis of Transaction Value, By Transaction Mode (Online & Offline), By Basis of Time of Delivery (Intraday & Delivery Based), By Type of Investor (Domestic & FII) Indonesia Financial Brokerage Market Outlook to 2023 – By Equity and Debt Investments Traded Value, Revenue and Frequency of Transactions and By Local and Global Brokerage Firms Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: 5Paisa Discount Brokerage Market Revenue, Angel Broking Hybrid Brokerage Market Revenue, Axis Direct Hybrid Brokerage Market Size, Capital Market Trading Infrastructure India, Edelweiss Hybrid Brokerage Market Sales, Evaluation Study India Financial Brokerage Market, Evaluation Summary Report India Financial Brokerage Market, Evaluative Survey India Financial Brokerage Market, Financial Brokerage Industry In India, Financial Brokerage Market In India, Full Service 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