Negative impactCorporate Action
Kotak AMC’s Nilesh Shah urges government to review STT and capital gains tax burden on investors
CNBC-TV18 1 hr ago·13 Oct 2026, 10:36 am
Nilesh Shah, the Chief Executive Officer of Kotak Asset Management Company, has urged the government to reconsider the current tax structure for investors. He specifically highlighted the combined burden of the Securities Transaction Tax (STT) and capital gains tax, arguing that these levies are too high. Shah pointed out that retail investors have collectively incurred losses of approximately ₹4 lakh crore in the Futures and Options (F&O) segment, which he believes discourages genuine participation in the market.
This call for a review comes at a time when the government is seeking to widen its tax base. Shah’s comments suggest that the current tax regime may be stifling retail participation, particularly in derivatives trading. He advocates for a policy framework that supports long-term wealth creation rather than penalizing investors for trading activity.
Investors should watch for any official response from the finance ministry regarding these suggestions. Changes to tax rates could significantly impact market sentiment and trading volumes. Market participants will be closely monitoring the government's stance on taxation to understand the future trajectory of retail investment in India.
Excerpt from CNBC-TV18
Published On Oct 13, 2026 | 16:06 IST Last Updated On Oct 13, 2026 | 16:06 IST Kotak AMC's Nilesh Shah urged the government to review the dual burden of STT and capital gains tax. He highlighted ₹4 lakh crore in retail F&O trading losses and called for policies that direct savings into productive investments rather…Read the original at CNBC-TV18
Key takeaways
- Category: Corporate Action.
- AI reads the tone as negative (potentially bearish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
