New Delhi, March 25 -- Nithin Kamath's Zerodha, one of India's largest stockbrokers, will increase brokerage charges for a section of intraday derivatives traders from April 1, a move that could raise trading costs for active market participants and potentially trigger similar action across the broking industry.

According to an Economic Times report, the online brokerage will charge Rs.40 per order for certain intraday futures and options (F&O) trades, up from its long-standing Rs.20 cap. However, the revised charge will not apply to all traders and is limited to those who do not meet the Securities and Exchange Board of India's (SEBI) cash collateral requirement.

Under SEBI rules, traders are required to maintain at least 50% of their ...