Zerodha offers online trading and investment in equity, derivative, commodity, and currency segment. Anyone having Zerodha Demat and trading account can trade at a flat brokerage fee of Rs. 20 per order across segments, however, delivery trading is free. Moreover, the Zerodha coin platform allows free direct mutual fund investment at zero commission or brokerage. The discount broker offers various advanced orders like bracket orders, cover orders, aftermarket orders, and others. Check here the complete details of Zerodha product and services offerings.
Zerodha is a registered DP with CDSL to offer Zerodha Demat Account to its clients so that they can keep shares, securities, and mutual funds in dematerialized form.
|Zerodha Demat Account Opening Fee||Free|
|Zerodha Demat Account AMC||Rs. 200|
Note: Zerodha Demat AMC of Rs. 300 per annum is charged on a quarterly basis i.e. Rs. 75+GST.
Zerodha Equity Trading Account is used to trade in equity, futures & options, and currency segments. To trade in Zerodha, clients just need to log in with their Zerodha account on Kite web or Kite mobile app and then start online trading across segments.
|Zerodha Trading Account Opening Charges||Online: Rs. 200, Offline: Rs. 300|
|Zerodha Trading Account AMC||Free|
Zerodha allows commodity trading on MCX through opening a Zerodha commodity trading account. Existing customers can simply activate the commodity segment to start trading on MCX, however, new users can open Demat + equity + commodity trading accounts. You cannot only open a commodity account in Zerodha.
|Zerodha Commodity Trading Account opening fee [Online]||Rs. 100|
|Zerodha Commodity Trading Account opening fee [Offline]||Rs. 200|
|Zerodha Commodity Trading Account AMC||Nil|
|Zerodha Commodity Trading Brokerage||Rs. 20 per order or 0.03%, whichever is lower|
Zerodha coin is the free mutual fund investment platform at zero commission, brokerage, or subscription fee. If you have a Zerodha 2-in-1 account then you can access the coin platform on Kite and buy and sell thousands of direct mutual funds for free.
NRI can open accounts in Zerodha including NRI Demat + Trading account and trade-in equity delivery, and futures & options segment. Zerodha supports NRI account opening facility through NRE or NRO bank account with IndusInd, Axis, HDFC, and IDFC First Bank.
|NRI Equity delivery brokerage||Rs. 200 per order or 0.1% whichever is lower|
|NRI Equity Futures trading||Rs. 100 per executed order|
|NRI Equity Options trading||Rs. 100 per executed order|
Equity trading account in Zerodha facilitates intraday as well as delivery trading on the BSE and NSE. Zerodha allows intraday trading at a max of Rs. 20 per order and offers free delivery trading at zero brokerage.
Derivative trading is all about trading in equity futures and options contracts. Residents, as well as NRIs, can trade-in equity derivative segment on Kite web and Kite by Zerodha mobile app.
Zerodha has four currency pairs USD-INR, EUR-INR, GBP-INR, and JPY-INR. The broker allows currency futures & options trading at a flat Rs. 20 per order or 0.01% whichever is lower. Only residents can trade in currency with Zerodha account, however, currency trading is not allowed to NRI. Zerodha allows trading in four currency pairs
Residents and NRIs can apply for IPO online using UPI through console back-office on the Kite platform. As the broker allows free delivery trading, therefore, online IPO investment in Zerodha is Free. You can also use Zerodha Demat account details to purchase IPO through ASBA/ net-banking (without UPI) process.
Zerodha offers a margin trading facility to customers. The margin facility is available on equity intraday, derivative, commodity, and currency segments. Margin facility enables customers to trade without having the required funds in their Zerodha account.
One can place the following types of orders through the Zerodha account on Kite.
|CNC order||The order is used to trade-in delivery segment when positions are held for more than a day.|
|MIS order||You can place an MIS order for intraday trading when positions are settled same trading day.|
|Market order||When a buy or sell order is placed at market price.|
|Limit order||When a buy or sell order is placed at a particular price.|
|Stop loss order||Customers can place SL order (price + trigger price) on Kite to limit their losses.|
|SL-Market order||This is a stop-loss order placed at a market price, when the trigger price is met.|
|Bracket order (BO)||It is an order to enter/exit a new position along with a stop-loss order. Zerodha allows BO on intraday trading.|
|Cover order (CO)||It is a buy or sell order (market or limit) that is placed with a compulsory stop-loss order.|
Zerodha allows aftermarket order (AMO) facility to its clients, through which, customers can place buy or sell orders even after the market hours.
In July 2019, Zerodha has introduced GTT (Good Till Triggered) order at zero charges. GTT order allows you to automatically place a limit order when the stock reaches the trigger price level. Investors who don’t track the market regularly can place GTT order on Kite. GTT order can only be placed in CNC segment and will remain active for 365 days.
Smallcase is about investing in ideas or themes through selecting a number of stocks from that particular sector. You can invest in a maximum of 50 stocks or ETF with Zerodha smallcase. The broker charges Rs. 100 fee on investing with smallcase.
Customers can trade in Zerodha through call & trade services. They simply need to call the support desk at 91-8047181888 and tell your trading requirement and the customer service team will place an order on your behalf.
Refer Zerodha account to your friends and family members and get a referral commission or bonus. Zerodha provides Rs. 300 reward points and 10% of the brokerage benefits on each referral.
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PoA (power of attorney) is a legal document that gives the broker authorization to debit shares from the client’s Demat account whenever shares are sold. Earlier, it was mandatory for every customer to submit the duly signed POA to Zerodha to sell shares from their demat account however, now after the introduction of e-DIS, there is no need to submit physical POA to Zerodha.
If you’ve opened an account with Zerodha via any route whether online or offline, it was mandatory to send a physical copy of POA to Zerodha’s head office otherwise, you won’t be able to trade with Zerodha. Although you can buy shares but won't be able to sell them until and unless POA is not submitted to the broker. But now, the broker has introduced e-DIS by its DP CDSL to facilitate customers to sell shares without POA. Henceforth, now, new account holders can trade-in Zerodha without POA.
POA is an essential document that authorizes customers to sell holdings from their Demat Account. Earlier, it was mandatory to send Zerodha POA to the broker’s head office address, but later, after the introduction of e-DIS (E-delivery instruction slip), customers don’t need to send POA means now people can open Zerodha Demat Account without a POA.
Zerodha Head Office Address:
No. 153/154, 4th Cross Dollars Colony,
Near Clearance Public School,
Jaya Prakash Narayana Nagar, Phase IV
Day or IOC in Zerodha are two different order types wherein a day order can be executed throughout the trading hours on the day, when the order is placed.
However, IOC stands for immediate or cancel, as the name implies, the order placed (buy or sell) is executed immediately otherwise will be cancelled, if it is not executed. Thus, a client can place an IOC order in Zerodha Kite to execute the order immediately otherwise it gets canceled. If in case, your trade order is matched partially then the order will be executed partially and the remaining part will be canceled.
MIS and CNC in Zerodha are two different order types that are described below;
If you’ve not added nominee to your account at the time of account opening then you can still add nominee through filling Zerodha nomination form and send the duly filled nomination form to the broker’s head office. The nomination will be applicable for both Demat + trading account as well as coin holdings. You can also change nominee details by filling the form along with the Account Modification Form but the service is charged at Rs. 25 + 18% GST.
Yes, Zerodha offers currency derivative trading services to customers at BSE and NSE. People require Zerodha Trading Account to trade-in currency segment on Kite. Being a discount broker, Zerodha charges a flat brokerage fee of Rs. 20 each executed order or 0.03% whichever is lower.
Kite is the flagship trading platform of Zerodha, and on the Kite Dashboard, there’re 3 key terms visible; Total Account Value, Margin available, and margin used. Here, "margin used", as the name suggests, is the total amount that a Zerodha client has already utilized for the open positions or in way of pending orders (orders placed but not executed, so the amount is blocked).
LearnApp is an initiative taken by Zerodha to educate users through real-world or practical trading & investment skills from Industry veterans. 100+ live classes and 50+ video content teach users on trading, investment, financial services, and business management. Moreover, fresh content is added every month to keep users updated with market knowledge.
: Zerodha allows customers to convert their MIS orders to CNC or NRML but it is necessary to maintain sufficient margins in your account. To convert either MIS to CNC or vice-versa, follow the below steps;
Trigger price is the price entered by a trader while placing a stop-loss limit and stop-loss market orders. Once the stock reaches the trigger price level, the buy or sell order will automatically send to the exchange.
Trigger price in Zerodha Stop-loss order
To place a stop-loss order, select “SL” in the order window, enter trigger price and enter the price at which you want to execute the trade.
Trigger price in Zerodha Stop loss market (SL-M) order
To place trigger price in Zerodha SL-M order, select SL-M and enter the trigger price, once the stock will reach the mentioned price level, then the order will execute at the prevailing market price.
Trigger price can also be entered for the bracket order and cover order with Zerodha.
Validity simply means the time period, an order is valid for. The validity of the order depends upon the type of order you have placed through the Kite. For instance, if you have placed a Day order through Zerodha Kite then, as the name itself, the order will remain valid for the entire day means till the end of the trading session.
However, on the other side, IOC (Immediate or Cancelled) order is an order that will be executed immediately, otherwise, cancelled. Thus, if anyone has placed an IOC order then if its orders get matched at the exchange immediately then it will be executed otherwise, will be cancelled. Thus, it remains valid for very little time. If in case, you have placed an IOC order to buy 100 shares of a company at some price and you found a seller at the same price for 70 shares, you will be able to buy 70 shares, and the rest order of 30 shares will be cancelled thus, won’t be valid.
No, you can only open one Demat and trading account with Zerodha or any other broker using one PAN number. Although, you cannot open multiple trading accounts in Zerodha you are allowed to open a Demat and trading accounts with another broker using the same PAN number.
As per the new peak margin policy of SEBI, 80% credit of total sale proceeds from the sell of shares or holdings in the Demat account will be available for new traders on the same trading day. The remaining 20% of sale proceeds will be shown under the “Delivery margin” field on Kite that will be credited on the next trading session.
For instance, if you sell 100 quantities of shares at Rs. 150 each, then the total sale proceeds will be Rs. 15,000. Out of this, 80% means Rs. 12,000 will be credited on the same day and the remaining 20% means Rs. 3,000 will be shown as delivery margin on Zerodha Kite.