Online brokers alone can't serve new retail investors: Religare Broking CEO

We have launched an aggressive discount broking plan, Religare One Pro Plan, to counter the discount broker model and attract Gen Z and millennial clients, says Nitin Aggarwal

The Covid-19 pandemic gave a fillip to online discount brokerage firms as retail investors thronged these platforms post the 2020 market crash. Against this backdrop, NITIN AGGARWAL, Group CFO Religare Enterprises and CEO, Religare Broking tells Harshita Singh that online discount brokers alone can’t serve India’s young investors. Edited excerpts:

Have rate hike concerns been completely factored in by markets? What is your outlook for the remaining months of 2022?

Central banks have stated that controlling inflation is their top priority. Thus, markets have factored in at least a 100 basis points (bps) hike from the US Fed and 25-50