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MarketByCountry / Research / Change record
RESEARCH CHANGE RECORD

A fact changed. Here is the trail.

A small, dated ledger of source events and corrections that affected our research. Each entry links to the primary document and the page where we explain its practical effect.

INDIA / CORRECTIONS & EDITORIAL UPDATES
Editorial update
India / Editorial updateSITE UPDATE

IPO coverage now focuses on evergreen mechanics.

The standalone Moneyview brief was retired. The IPO directory now leads to the rebuilt fresh-issue/OFS guide, with original worked examples and a dated historical prospectus rather than open-offer coverage.

Why this matters

The guide explains cash recipients, gross and net proceeds, new-share dilution and how to read a filing. It does not require a new page for every offer or daily subscription updates.

Correction
India / CorrectionSOURCE EVENT

The trade model now rounds STT to whole rupees.

Our first estimate rounded securities transaction tax to paise. Zerodha's published guidance rounds STT to the nearest rupee, with 50 paise rounded up. The model now rounds each taxable side of its one-buy, one-sell scenario that way.

Why this matters

A ₹50,000 delivery buy and sale still have ₹100 total STT. For a ₹50,000 intraday buy and sale, modeled sell-side STT changes from ₹12.50 to ₹13, increasing each broker's estimated total by ₹0.50. Multiple trades aggregated on a real contract note can differ from this one-pair estimate.

Correction
India / CorrectionSOURCE EVENT

Small Groww delivery sales still incur a depository fee.

Our first model waived the entire DP debit below ₹100. Groww's DP help says only its ₹16.50 fee is waived; a male first holder still pays ₹3.50 depository fee plus GST, or ₹4.13.

Why this matters

We corrected the small-order estimate and broker profile. The ₹50,000 comparison example is unchanged. Groww's own calculator also shows an older DP figure, so our model follows its pricing page and detailed DP help.

Tariff condition
India / Tariff conditionSOURCE EVENT

Zerodha’s first-year AMC waiver has an account date.

Zerodha says AMC is free for the first year for primary resident-individual accounts opened on or after 1 June 2026. Secondary demat accounts do not receive that first-year waiver.

Why this matters

A blanket “free AMC” label would mislead readers with older or secondary accounts. After the first year, BSDA eligibility and holding value determine the charge.

Exchange fee
India / Exchange feeSOURCE EVENT

NSE changed the split, not the cash-market total.

For trading members, NSE revised its cash-market transaction charge and Investor Protection Fund Trust contribution from ₹297 + ₹10 to ₹306.99 + ₹0.01 per crore on each side.

BEFORE₹297 + ₹10
AFTER₹306.99 + ₹0.01
COMBINED TOTAL₹307 / crore per side
Why this matters

The combined amount remained ₹307 per crore per side. Our equity cost model therefore combines the two components; a different split printed on broker pages does not create a fee difference in that model.