Zerodha co-founder Nithin Kamath. (Image: Instagram/@nithinkamath) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Zerodha’s defining feature, which is zero charges on equity delivery trades, may soon be scrapped. In a blog post to mark the brokerage’s 15th anniversary, co-founder and CEO Nithin Kamath said that a steep decline in revenues could force the company to rework its business model.

Kamath said that the company had taken a hit as regulatory changes squeezed its primary source of earnings from derivatives trading. He wrote, “The time has finally come for business to pivot,” adding that charging for delivery trades, free since Zerodha’s inception, was now under serious consideration.

Zerodha has long relied on active traders in the derivatives segment, particular

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