HISTORY OF ZERODHA
Zerodha is a Bengaluru based company founded in 2010 by brothers Nithin Kamath and Nikhil Kamath. The name constitutes of words zero and rodha where rodha means obstruction.
Nithin started trading at the age of 17 and within a few years he got a client to manage his money and became a successful sub-broker. Then he with his younger brother decided to start with Zerodha.
The major challenge that the company faced initially was credibility owing to its low charges. As of 2019, the company has become the largest retail stockbroker in India.
- Comparing the Sharekhan and Zerodha, the equity delivery brokerage of Zerodha is free while it is 0.5% for Sharekhan.
- The other Zerodha brokerage rates for intraday, currency and commodity futures trading, etc. are fixed to be either Rs. 20 per transaction or .01% whichever is lower while it varies from 0.10% to 0.30 and Rs.30 for Sharekhan.
- Comparing the brokerage charges of Zerodha and ICIC securities, the charges of ICICI Securities vary from 0.05% to 0.55% and Rs. 25 to Rs. 10 per lot.
DIFFERENT CHARGES OF ZERODHA
Zerodha Brokerage Charges
|Zerodha Charges||Equity Delivery||Equity Intraday||Equity Features||Equity Options|
|Brokerage||Zero Brokerage||0.01% or Rs. 20 per order whichever is lower||0.01% or Rs. 20 per order whichever is lower||Rs. 20 per order|
|STT/CTT||0.1% on buy and sell||0.025% on sell side||0.01% on sell side (on premium)||0.005% on sell side (on premium)|
|Transaction Charges||NSE: 0.00325% BSE: 0.003%||NSE: 0.00325% BSE: 0.003%||Exchange transaction charge: 0.0019%||Exchange transaction charge: 0.05%|
|GST||18% on (transaction and brokerage charges)||18% on (transaction and brokerage charges)||18% on (transaction and brokerage charges)||18% on (transaction and brokerage charges)|
|SEBI Charges||Rs. 10/Crore||Rs. 10/Crore||Rs. 10/Crore||Rs. 10/Crore|
Zerodha Account Opening Charges
Certain charges are imposed while an account is opened. These changes are one time charges and can be made by different modes of payment.
Below are the account opening charges of Zerodha:
|Zerodha Trading Account Opening Charges||Rs. 200|
|Demat Account Opening Charges||Rs. 100|
|Commodity Account Opening Charges||Rs. 200|
|(Demat + Trading) Account Opening Charges||Rs. 300|
|(Equity + Commodity) Account Opening Charges||Rs. 500|
Zerodha Annual Charges
There are some annual maintenance charges also on the accounts that need to be paid. These need to be paid once in a year so that Demat account can be maintained with Zerodha.
Below is the Annual Maintenance Charges (AMC) of Zerodha:
|Trading Account AMC||Rs. 0|
|Demat Account AMC||Rs. 300|
|Commodity Account AMC||Rs. 0|
TRADING PLATFORMS OF ZERODHA
Zerodha provides many platforms which are used by its users for trading purposes. Below are the Zerodha trading platforms:
Zerodha is the best discount broker which is used to buy and sell shares. Kite is a trading platform of Zerodha where the trading performance of the investors can be optimized. Zerodha always gives its best in web services to make it user-friendly. Kite’s latest version 3.0 is proof that the company is doing its best for users.
Most of the daily trade occurs these days by mobile applications. Kite mobile provides such a platform to the users where they can trade on the go. This platform is created to cater to the needs of both active day traders as well as passive investors. Moreover, Kite mobile provides enhanced user experience and high speed.
Sentinel is a platform that provides its users the real-time market alerts. Basic alerts can be set based on attributes such as trade quantity, price, open interest, and volume. Users can also apply advanced alerts by combining these attributes. Sentinel provides its users with a platform irrespective of the broker they are using.
Zerodha Pi is terminal software for trading provided by Zerodha. Zerodha Pi is an installable file that can be downloaded and installed by users on their laptops or desktops and can use it for trading purposes. Zerodha Pi basically suits the intraday traders because of its high-performance software and real-time tips provided by expert advisors.
Additional Products by Zerodha
Zerodha Coin is a leading platform that allows you to purchase direct mutual funds from the companies with zero commission. You have all your stocks, bonds, mutual funds, currencies, etc in your Demat account. This service can be enjoyed on your IOS and Android devices.
Zerodha coin mobile is the same as Zerodha coin the only difference is that it is available as thr mobile application. The Coin Mobile has made the investments in mutual funds much easier and it works on both Android as well as IOS versions.
Kite Connect API
You can build a strong trading platform and make use of our user-friendly HTTP/JSON APIs. It is very useful for those who are a startup. They have a chance to make their investment apps impressive to your customers.
Console acts as a back-office platform which lets its users keep the track of debits and credits in your trading account through account statement. Here users can place withdrawal requests, download margin statements and contract notes, track your mutual funds, and many more.
ZERODHA REVIEW – MY EXPERIENCE WITH ZERODHA SO FAR
What I Like & What I Didn’t Like About Zerodha
Zerodha is the best discount broker in India. Though, it has few cons also in addition to a large number of pros.
How To Open Zerodha Account?
To open the account with Zerodha, there is an online and offline method.
In an online method which takes just 15 minutes, you need to sign up on its site using your mobile number and OTP. Then enter the personal and bank details, PAN details and perform Adhaar verification. Then upload the documents on the account opening page and that is it. However, you can opt for an offline method if you do not want to do Adhaar verification. But I would recommend an online method as it is fast and easy.
The Documents Required Are:
- PAN Card
- Adhaar Card
- Cancelled cheque
- Bank statement
- Passport size photos