Regulatory tightening on F&O speculation
SEBI and government may curb retail F&O speculation, impacting a key revenue driver.
BILLIONBRAINSGARAGEVENTU / bear-case history
Track the concerns that keep returning.
Billionbrains Garage Ventures · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Macroeconomic headwinds from FII outflows and tariffs
Persistent FII selling and tariff uncertainty could delay market recovery and customer acquisition.
Risk-related costs from volatility
Volatile markets in Feb and March led to negative balances in MTF and commodities, increasing cost-to-operate.
Wealth management scaling uncertainty
Management declined to provide specific timelines or metrics for wealth business, citing early stage.