Don't expect impact on volumes due to new margin norms; real effect will be seen from Sep 2021: Zerodha

“However, starting today, what is going to change is there is a cap on maximum leverage that can be offered by brokerage. So the impact as such today may not be as much, but over the next 9 months the maximum leverages that can be offered at brokerages will keep reducing and traders will get used to that by then,” said Kamath.

According to him, large brokers like Zerodha won't see an impact as it’s already holding margin. “Brokers at the tail-end would be impacted more,” he said.

“Customers getting only 80 percent credit same day on selling stock will have a deeper impact,” said Kamath.

For the entire interview, watch video