in case i open only trading account with Zerodha and pay Rs 5000 as margin money,will it be possible for me to trade nify option and nifty future at least one lot.is there any margin calculator for Zerodha
18.1. Vijay Aug 9, 2016 8:21:44 AM IST
No, To Buy NIFTY Future 1 Lot which is equal to 75 Shares, Approx total Margin requirement is 66,000. You need approx. Rs 20,000 Exposure margin and Rs 46K as SPAN. As this is MIS order, positions must be squared off on trading day itself or will be square off by 3:20 by broker. Its advisable to have 70,000 in your trading account so in case you need to convert your position.
Zero Brokerage for Delivery is nice to have. I joined Zerodha with this offer which suits my need well. But I am not understanding the DP charges that''s been charged every time I sell my stocks from my holdings DP. Is this a trick played to bypass the brokerage and collect the similar amount as DP charges. is there any way to get rid of this as I am paying heavily on this. I buy 100 shares @100 rs, exit 50 @125 and exit the balance 50 @150. I pay DP charges twice which is nearly 40 rs. This increases which I exit my positions slowly on profits. Kindly explain on this. Thanks.
17.1. Vijay Jul 2, 2016 9:40:23 PM IST
Hi - Demat Approx) are going to be charged. If you do this for 1 share or 100 shares, this charges is going to be fix. For multiple transaction as you have done 2 trades for same share, you got charged 2 twice.
17.2. Vijay Jul 2, 2016 9:47:24 PM IST
If you have done the transaction for same script on same day, you are going to be charges, one time onlyDP Charge.
For example you have sold 100 Share for XYZ @10 AM and [email protected]:00 PM, in this case you are going to be charge Rs 14 only.
If scripts are different then you are going to be charge as may scripts you have sold.
How much margin Zerodha is providing on Intraday Cash?
16.1. Vijay Mar 28, 2016 6:53:30 AM IST
Zerodha is giving upto 12 times exposer, its depend on script you want to trade.
16.2. Priya Jun 7, 2016 4:22:35 PM IST
the indian stock brokers site article says the exposure is only 10 times. But you say 12, which is correct?
16.3. vijay Jun 7, 2016 9:36:27 PM IST
Margin on Intraday square off is depend on marker condition and varies script by script, in some script you will get 3x margin and in some you will get 9x,10x, and so on. This is just a range between 3x to12x. For more detail you need to see specific script which you want to trade.
Zerodha is having lost of issue with there connectivity...Thats not good for investors.
14.1. Kunal May 13, 2016 11:47:21 PM IST
I am also having a lot of problems with them and I wanna switch to a new discount broker. Could you please tell me which broker you are using at the moment ? Would really appreciate your advice and suggestions.
Thanks and awaiting your response..
14.2. Sajan P May 13, 2016 11:48:34 PM IST
I suggest go ahead with small brokers who are using traditional tools like NSE NOW, ODIN.
After all of this management is replying like this: Dear Traders,
Over the last 10 days multiple leased line and data centre faults have affected us.We have clients distributed across multiple leased lines connecting to the exchanges from our data center. Each line has one line as well. After almost 1 year of no issues, we have had issues crop up in rapid succession.
1. Tuesday, 3rd May at 3.20 pm, one of the lines along with the failed. It was too near to the closing of the market, hence we couldn''t switch clients from this line to another.
2. Wednesday, 4th May at around 10.20 am, again the same lines with the failed. Since the exchange technology in India doesn''t support active failover, took us over 20 minutes to move clients manually from one to another. Orders placed before this incident wouldn''t get a status update since the clients were moved to a separate line. Hence the orders placed earlier couldn''t be cancelled and status was shown pending until around 2 pm, when we could connect the old lines and reconcile.
3. Monday, 9th May at around 9.20 am. Our team worked right through the weekend to ensure the best is done so that we are ready if the leased lines were to fail again. We flew some of the team to Mumbai and worked with two different data centres and ISPs. We were also super excited about releasing the new Kite web app on Monday into which a lot of love and hard work has been put in.
You can call it extreme misfortune that our second data center in Mumbai, where Kite servers are located, developed issues with internet connectivity (although we have multiple ISPs peered to it). So connectivity was on and off for almost an hour, probably also causing an impression that it was due to the new launch. All the other platforms were working perfectly fine.
In times when there are issues, our support team is subjected to exponential increase in work and pressure, hence slower response time. I acknowledge that we can do better to proactively inform you with regular updates in such times. We will do the same from now on https://zerodha.com/marketintel/Bulletin/
I am sorry for the inconvenience and heartache this has brought. It''s extremely unfortunate that it was completely out of our control, despite all the failsafes we have in place to avoid scenarios such as these, as is the case. I want to assure all of you that, we have been doing everything possible to ensure that you have the best experience, and we will continue to do so.
Thank you for your continued support.
13.1. Sandeep May 13, 2016 11:46:17 PM IST
This is real time problem i have faced - There Kite platform was showing order placed successfully , but it reality nothing was happening . My order was not placed. Shame on Zerodha service.
Does zerodha provide pledging against stocks for trading in intraday and future?
10.1. Vijay May 4, 2016 8:10:28 AM IST
Yes,Zerodha provide Margin Against Shares(MAS), There is specific haircut for securities, so you will get collateral margin after haircut. Client need to have 50% cash before using the collateral amount, cash to collateral ratio is 50:50, in case of negative margin, Zerodha allow to do the trade but charge interest on negative amount with 0.05% per day. Zerodha charge Rs 60 for pledge and un-pledge.
Your Money with zerodha paid as margin is completely safe.Thakns to SEBI and stock exchange to making strict rules.Generaly brokers collect more margin at the time of volatile events like budget, internation trandes and so on, so Zerodha is pretty safe.
Zerodha is only depository participant, so they dont hold your share when its come to equity delivey,they are with either NSDL or CDSL.In Cash market purchase, money stays with Zerodha only for T +2 days and after that shares come in depositor.
so in summary your money is completely safe with Zerodha.
9.2. siba prasad Dash Apr 8, 2016 6:07:04 PM IST
Of course. Yes, you have to give POA, but they are professional and their CEO, Nitinji is an inspiring figure. I am with zerodha for the last three years. So much proud to be with zerodha, bcz their client service is one of the best. The main thing is they are generally truthful about their activities. Siba prasad Dash DS1705
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