Zerodha as a Stock Broker is not directly providing IPO Investment service, however if you have demat and trading account with Zerodha, you can still apply in IPOs. After SEBI’s mandate in Jan 2016, all application in IPO and FPO (Initial Public Offering and Follow on Public Offering) has to be channel through ASBA (Applications Supported by Blocked Amount) process through Self-Certified Syndicate Bank (SCSB).
You can apply in IPOs with any of the self-certified syndicate banks by providing Zerodha DP account details. After allotment, you can use your Zerodha Trading account to trade and sell in your holding of shares.
Step to Invest in IPOs with ASBA using Zerodha demat account
Detail Article on ASBA Process for IPO Investment >> Read
Note: Client having account in those bank who are not offering paperless ASBA application or those client who do not do online banking has to fill the physical application and submit to syndicate member for onward submission to client’s bank for blocking required amount in client ‘s bank account.
What type of account I need to invest in IPO?
To invest in IPO, you need to have:
Where can I find the Self-Certified Syndicate Bank branches list?
List of Self-Certified Syndicate Banks under the ASBA facility are available on SEBI, NSE and BSE Sites.
SEBI List of SCSB >> List of Self Certified Syndicate Banks
NSE SCSB >> List of Self Certified Syndicate Bank
BSE SCSB >> List of Self Certified Syndicate Bank
Where can I find my Zerodha DP Account Number?
You can find Zerodha Depository Account Number from welcome letter sent to you, back office software, your monthly demat holding statement or calling Zerodha Customer care number.
Zerodha started a new ways to invest in mutual funds, initially Zerodha started mutual fund investment in traditional way where they were getting good amount of commission from AMC via providing investment in regular mutual fund plan. This is how maximum full service and discount brokers provide the service.
To give complete benefit of your mutual funds investment, Zerodha started new service called “coin.zerodha.com”. Under this service investor need to pay small amount of fess to obtain service from Zerodha, but biggest advantage is you can invest money in direct plan with available mutual funds AMCs.
When you invest with Zerodha Coin Mutual Funds service, you don’t pay any commission to Zerodha other than your regular monthly fee which is Rs 25 PM after your investment cross 2.5 Lack. This is a huge savings on your mutual funds investment.
Detail article on Zerodha Mutual Fund Investment and advantage of investing in direct plan vs regular plan. >> Read
How to invest in Mutual funds with Zerodha?
How much brokerage I need to pay for investing in Mutual Funds?
Zerodha is allowing you to invest in Direct plan with multiple AMCs on single platform, Zerodha is not taking any commission for this service. If your mutual funds investment cross Rs 2.5 Lacks then Rs 25 per month fee is payable with this service(Rs 600 PY).
Can I start Mutual Funds SIP with Zerodha?
Yes, you can start MF SIP with Zerodha.
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