Bharat ke sabse bade stock broker Zerodha ke co-founder Nithin Kamath ne social media par traders aur investors ko ek bade khatre ke prati aghah (alert) kiya hai. Unhone kaha hai ki Indian stock market mein Margin Trading Facility (MTF) ka badhta hua chalan aane wale samay mein “Market Mayhem” yaani badi tabahi ka karan ban sakta hai.
Kya Hai Poora Mamla?
Nithin Kamath ke mutabiq, pichle char saalon mein MTF loan book 5 guna badh kar ₹1.16 trillion (lakh crore) ke paar pahunch gayi hai. MTF ka matlab hai ki traders apne broker se paisa udhaar lekar shares kharidte hain. Jab market upar jata hai tab toh sab theek lagta hai, lekin jab market niche girta hai, toh yahi “Leverage” traders ke liye gale ki faans ban jata hai.
Khatre Ki Ghanti: Synchronized Liquidation
Kamath ne warn kiya hai ki Bharat mein kai stocks mein liquidity (khareed-bech) bahut kam hai. Agar market mein badi girawat aati hai, toh brokers ko majbooran clients ke shares bechne padenge (Forced Selling). Isse ek sath bahut saari selling hogi jisse “Synchronized Liquidation” kehte hain, aur shares ki qeematein bina kisi buyer ke tezi se niche gir sakti hain.
Traders Ke Liye Seekh
- Zyada Leverage Na Lein: Sirf utna hi udhaar lein jitna aap market girne par bharpai kar saken.
- Illiquid Stocks Se Bachein: Aise stocks mein MTF ka istemal na karein jinki trading volume kam ho.
- Risk Management: Bina kisi mazboot risk model ke trading karna 2026 ke volatile market mein khatarnak ho sakta hai.
