Nithin Kamath weighs again on Zerodha strategy as weekly options are deleted

Co-founder and CEO of Zerodha Nithin Kamath brought a calm memorandum in the midst of speculation that regulators can curb weekly options or can even delete-a movement that could reach the income of the brokers hard. About how Zerodha would respond if weekly options were removed, Kamath said, they could see a hit for our income in the short term.

“That said, when you build up a long -term company, focus a bad measure on quarterly or even annual growth. The more you concentrate on them, the higher the opportunities that you will do things that are bad for your customers,” he said.

The comments come at a time when the largest brokerage in India is already under pressure from a series of legal movements aimed at the flowering futures and options (F&O).

These include higher securities transaction tax (STT) on F&O transactions, tighter intraday rules, the removal of discounts in the exchange costs and the proposed introduction of ASBA for stock trading.

Weekly index options, which are responsible for most of the activities of the retail trade, have been crucial in supporting Zerodha’s zero-brokerage-reading model. Kamath has previously acknowledged in a blog post that if weekly options were deleted, the company may have to run and start charging brokerage on Equity delivery trade – a movement that would mark a break of his core strategy since the beginning.

The impact of curbs is already visible. The income from the brokerage in the quarter of June 2025, Kamath said earlier, could fall no less than 40% on an annual basis. New account additions are also delayed, despite the broker opening accounts last year. Yet Kamath’s newest post underlines the long -term positioning of Zerodha. Without external shareholders and a balance that allows patience, the company seems willing to run the turbulence of the regulations.