SEBI regulations expected to slash retail brokerage volumes by 20%: Ajay Kejriwal

"So, what I can see here from the retail participation reduction on the side, it will impact 10% to 20% minimum side," says Ajay Kejriwal, CEO, Choice Equity Broking.

If these laws or if the guidelines are implemented for retail brokerage, what changes in terms of fees, transaction and turnover?
Ajay Kejriwal: So, on the measures what SEBI has proposed to be implemented, of course, the volumes will get reduced to large extent coupling with the recent hike in the STT by the government in the recent budget. It will have an impact surely on the volumes and ultimately in the revenue of the brokerage firms.

How much can you identify? I mean, of course, revenues will go down if volumes come down.
Ajay Kejriwal: So, what I can see here from the retail participation reduction on the side, it will impact 10% to 20% minimum side.