Zerodha Review 2020

Rated 4.5/5 by Top Share Brokers Team
Zerodha Review

Contact Zerodha

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 Phone 
Email   State 
City    NRI Form ⇒

Zerodha with a unique name and meaning, Zero + rodha (Barrier in English) is number one broker in India. The reason Zerodha becoming the most popular broker is due to providing "the best online trading platform in India", "low brokerage and high exposure", "free direct mutual fund investment platform" and "efficient customer support."

In just a short span of time (10+ years) Zerodha top the list to become the number one share broker in India in terms of active clients. Zerodha offerings and support is growing day by day and the best in class.

The main investing activities offered by Zerodha are trading in equity, equity F&O, commodity, currency on NSE, BSE, MCX and MCX-SX and investment in Direct Mutual Funds through SIP and lump-sum, ETFs, Government securities, and bonds.

Zerodha offers free trading in equity delivery and charges a low brokerage of Rs 20 or .03% whichever is lower for trading in equity Intraday, F&O, currency, and commodity.

The Demat services provided are of being a DP of CDSL. Additionally, there is NRI trading facility at Rs 200 or .1% per order whichever is lower for equity delivery and Rs 100 per order for equity F&O.

Zerodha Mutual Fund Investment

    This is the first broker in India to offer a Direct Mutual Fund investment facility to its customers for free. The scheme is offered by their online platform called "COIN" (coin.zerodha.com").

    In this, you can invest in direct mutual fund schemes that give you better returns compared to regular mutual fund schemes.

    Basically, there is no commission going to the brokerage house from your mutual fund investment.

Zerodha Account Opening Process and 3-in-1 Account

    You can instant open account with them with your Aadhar card. The benefits of 3-in-1 account is offered in tie-up with IDFC First bank in the form of Zerodha-IDFC FIRST Bank 3-in-1 account.

    The modus operandi of the account – a single account inclusive of trading, DEMAT and bank account for seamless and hassle-free online banking and investing experience. It has now become the trading and self-clearing member to give clients the benefit of no clearing charges. Moreover, Zerodha provides cover order and bracket order (CO/BO) with trailing stop loss feature for equity and F&O.

Zerodha Marketing Strategy

    Zerodha Reward programs like a 60-day challenge, refer a friend and Get an Affiliate link gives you an opportunity to get some rewards. You can have the most advanced and in-house trading platforms across desktop, web and mobile app of them.

    Kite 3.0 is their in-house, state-of-art web-based trading platform also available in the mobile app.

    PI is the advance feature-rich software-based trading platform of Zerodha.

    They also offer third-party plug-in tools like Smallcase, Sensibull, Streak, StockReports+ for that extra support. These are the paid services though.

    Investment options for Buyback, IPO, FPO and OFS (Offer for sale) are available online with Zerodha which is making Zerodha not only a broker but also as aFinTechCompany.

Zerodha Customer Support and Learning Information

    Zerodha offer customer support in all possible ways and efficiently. You can contact their team by the below mediums:

    1. Console - It is a back office portal of Zerodha for viewing your portfolio holdings, P&L and contract notes. It is a central reporting and trading dashboard of Zerodha to place withdrawal request and view account statements. It can be accessed directly from Kite. Available at “https://console.zerodha.com”.
    2. Zerodha support portal - Users can create a direct ticket on Zerodha Support Portal. There is a FAQ bank on most of the topics and to further ask a question you need to select a relevant topic or FAQ. Available at “https://support.zerodha.com”.
    3. Zerodha Varsity - Free, online, interactive education module on investing and trading by experts. Available at "https://zerodha.com/varsity/". Now Varsity is also available in mobile app with relevant exams.
    4. z-connect - Blog for announcing all the updates by Zerodha. Available at "https://zerodha.com/z-connect/".
    5. TradingQ&A - Active trading forum to discuss any and all topics related to trading, stock market, Zerodha products and platforms supported through participation by users of Zerodha. Available at http://tradingqna.com
    6. YouTube channel - Video channel on YouTube to view all the videos related to Zerodha. Available at "https://www.youtube.com/user/zerodhaonline.

Zerodha Office Locations

    Compared to other discount brokers, there are 22 branch offices, 94 partner offices, and 6 Zerodha support + call & trade offices.

    Below mentioned is Zerodha head office address:

    Zerodha, #153/154,
    4th Cross, J.P Nagar 4th Phase,
    Opp. Clarence Public School,
    Bengaluru - 560078

Zerodha Review 2020 - Quick Summary

With high-class technology, unique trading tools, and three-way trading platform, Zerodha is giving its clients an edge in trading and decision making. Pioneer in introducing low brokerage scheme, Zerodha manages to satisfy both casual and active investors.


Benefits

  • ₹0 equity investments (Free Trading). Flat ₹20 Intraday and F&O trades.
  • No minimum balance required for account opening.
  • Direct Mutual Fund Investment for free with Zerodha Coin. >>Detail
  • 3-in-1 Account offered in tie-up with IDFC First Bank. >>Detail
  • Free fund transfer using UPI (Unified Payments Interface).
  • Instant account Opening linked with AADHAAR. For trading only account, no paperwork, for demat and nominee declaration you need to sign POA forms and submit via courier. Step by step guide.
  • Margin against shares (MAS) over approved securities and ETFs available for trading in equity and currency F&O segment.
  • Innovative and unique trading tools – SPAN Calculator, algoZ, Option Strategy, Market Monitor, etc.
  • First discount broker providing NRI services. >>Detail
  • Sensibull Options Strategy platform by Zerodha. >>Detail
  • StockReports+ - Research Report from Thomson Reuters available with Zerodha on paid basis.
  • Invest in Government Securities, Bonds and T-bills through Zerodha Coin. >>Detail
  • Zerodha being self-clearing member so no clearing charges applied.
  • 1+ million clients. 10% of daily retail trading volumes across NSE, BSE, MCX. Number #1 broker in India in terms of active clients.
  • Zerodha PI is the most advanced trading platform introduced by Zerodha. >>Detail
  • Zerodha KITE 3.0, is a lightweight, low bandwidth, multi-language web based trading platform. >>Detail
  • Does provides facility to online invest in IPO via Zerodha Kite. Step by step guide.
  • Zerodha E-Mandates - Mutual Fund SIP with automated recurring fund transfer in your trading/MF account.>>Detail

Considerations

  • Call and trade is not free.
  • Margin against shares facility is not available for equity cash segment.
  • Zerodha as of now is not offering Margin Trading Funding. This is a big limitation for traders where they need to borrow some money from broker on interest for short span of time.

Special Offer

Free delivery Trading - Zero Brokerage, Direct Mutual Fund Investment on Zero Cost. Open Account online. 3-in-1 Account with IDFC Bank. Sign up now

Request call back from Zerodha

Zerodha Investment Options Compare

Here we are comparing Zerodha with its 5 close competitors on investment options.

Broker Zerodha Sharekhan 5paisa Upstox SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes Yes
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance No Yes Yes No No

Zerodha Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 4.5/5

Zerodha Account Opening Charges

      »»  Trading Account Opening Charges: Online Rs 200 (T+D), Rs 300 (T+D+C). Offline Rs 400 (T+D), Rs 600 (T+D+C). T*Trading, D*Demat, C*Commodity
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 300 PA

Zerodha Brokerage

As Zerodha started the new concept of discount share broking in the Indian share market, you can save 80 to 90% on brokerage with them.

Their brokerage rates are super cheap as compared to full-service brokers and very competitive among its nearby discount share brokers.

Zerodha entered in a new concept of brokers as a Free Broker by introducing Equity Delivery Trades @₹0 brokerages.

For Equity Intraday, F&O, Currency, and Commodity trading ₹20 or 0.01% whichever is lower, so you pay max ₹20 per trade.

Online low cost discount brokers like Zerodha’s ₹20 Plan is equal to Upstox (₹20), Fyers (₹20), SAMCO (₹20), 5paisa (₹20) while slightly more expensive than TradeSmart (₹15) and SASOnline (₹9). Find here Zerodha’s brokerage charges for various segments;

Find here Zerodha’s brokerage charges for various segments;

  • Equity Delivery: Free
  • Equity Intraday: Flat ₹20 per executed order or 0.03% whichever is lower
  • Equity Futures: Flat ₹20 per executed order or 0.03% whichever is lower
  • Equity Options: Flat ₹20 per executed order
  • Currency Futures: Flat ₹20 per executed order or 0.03% whichever is lower
  • Currency Options: Flat ₹20 per executed order or 0.03% whichever is lower
  • Commodity: Flat ₹20 per executed order or 0.03% whichever is lower
  • Mutual fund: Free, zero charges for direct MF investment

Benefits

  1. No limit on the volume of trade.
  2. BTST orders come under-delivery trade, so no need to pay any brokerage.
  3. No minimum brokerage charges.
  4. Pay as you go brokerage model. No prepaid monthly plans.
  5. GTC order are offered in form of GTT (Good till Trigger).

Considerations

  1. Competitors are offering lower brokerage plan.
  2. Doesn't have monthly plans or unlimited plan.
  3. Equity SIP is not available, which is market demand. With such low brokerage or zero delivery brokerage, customer can enjoy their regular investment through Equity SIP.

Other Charges

  1. Call and Trade feature is available at an extra cost of ₹50 per call.
  2. Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at an additional charge of ₹20 per contract + courier charges.
  3. Instant payment gateway charges for over 30+ banks @ ₹9 per fund transfer + GST.
  4. ₹50 per executed order for Intraday positions using MIS /CO/ BO squared off by the RMS team.
  5. DP charges for delivery based equity selling at ₹8 + ₹5.5 = ₹13.50 per transaction.
  6. ₹20 + GST charged for buyback, takeover, delisting orders placed through Console. ₹100 + GST if the orders placed manually.
  7. ₹20 plus GST charges per order for Buyback, OFS, NFO, and FFO orders.

Zerodha Account types

Let’s discuss in detail about the type of account offered by Zerodha.

  1. Zerodha Trading Account

    Zerodha offers an online trading account to trade in stocks, derivatives, indices, and currencies on NSE and BSE. Trading can be done through the software-based platform, web based platform or a mobile application and Call & Trade option. All settlements on a Trading Account happens on T+1 day. There is no Annual Maintenance charges (AMC) for Trading Account. The account opening fees is ₹300.

  2. Zerodha Demat Account

    You need a Demat Account only to trade in delivery based equity trading. The shares will show up in your Demat Account only on T+2 day. You don't need a Demat Account if you are trading in F&O whether you're an intraday trader or a positional (overnight) trader. Demat Account opening charges are ₹100 and AMC is ₹300.

  3. Zerodha Commodity Account

    You can only trade in Commodity Future on MCX exchange with Zerodha. There are no Annual Maintenance charges for your Commodity Account at Zerodha. Only futures trade on MCX and hence there is no need for a Demat Account for trading Commodities. Commodity Options have still not started in India. Account opening charges for commodity trading is ₹300.

  4. Zerodha IDFC Bank 3-in-1-Account

    Zerodha having tie-up with IDFC bank offer 3-in-1 Account. Zerodha IDFC Bank 3-in-1 account is a unique combination of IDFC Bank Savings Account, Zerodha Trading Account and Zerodha Demat Account for seamless fund transfer facility. If you already have IDFC bank account, then you can avail the benefits of 3-in-1 account by just linking it with your Zerodha trading and demat account.

  5. Zerodha NRI Account

    Zerodha offers NRI Account that comprises of Zerodha NRI Trading Account, Zerodha NRI Demat Account and NRE or NRO savings Bank Account with Axis, Yes or HDFC bank linked to Zerodha NRI trading account. Zerodha NRI account lets NRIs trade in equity delivery and equity derivatives, invest in IPOs, Mutual Fund, bonds and securities. Zerodha charges NRI brokerage of ₹200 or 0.1% whichever is lower for equity delivery. Equity F&O is charged at Rs 100 per order.

For complete brokerage charges and trading plans detail please visit Zerodha Brokerage Charges.

Zerodha with closest competitors

Here we are comparing Zerodha with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Zerodha Sharekhan 5paisa Upstox SAMCO
Service Type Discount Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 20 0.1 to 0.5% Rs 20 Rs 20 Rs 20
Account Type 3 in 1 2 in 1 2 in 1 3 in 1 2 in 1
Equity Delivery Free 0.5% or 50 paisa Flat Fee Rs 20 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.03% or Rs 20 whichever is lower 0.1% or 10 paisa Flat Fee Rs 20 0.05% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures 0.03% or Rs 20 whichever is lower 0.1% or 10 paisa Flat Fee Rs 20 Flat Fee Rs 20 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 20 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Flat Fee Rs 20 0.1% or 10 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.03% or Rs 20 whichever is lower 0.1% or 10 paisa Flat Fee Rs 20 Flat Fee Rs 20 0.02% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 20 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate Zerodha Brokerage Calculator


Zerodha Margin Details

Zerodha offer leverage/margin through 3 different product types MIS, BO & CO.

    Leverage for equity for order type

    • CNC : no leverage.
    • MIS for equity intraday: 3 - 12.5 times leverage.
    • BO and CO for equity intraday: 5 - 33 times leverage.

    Margin required for NRML orders for f&o

    NRML orders for equity f&o: exchange stipulated margin.

    Margin required for MIS orders in f&o

    • For intraday : up to 12.5x
    • For index futures & option writing: 2x or 50% of the NRML margin.
    • For stock futures & option writing: 2x or 50% of the NRML margin.
    • For commodities & currencies futures & option writing: 2x or  50% of NRML margin.

    Margin required for CO/BO orders in f&o

    • For intraday: up to 20.8x.
    • For index futures & option writing: up to 33x of the contract value.
    • For equity stock futures & option writing: up to 20x  of the contract value.

    Note:

    • BO & CO are not allowed in stock options, bank nifty options, currency options, commodity options & bse stocks.
    • MIS is not allowed in currency options
    • BO is not allowed in MCX

Open Trading and Demat Account with Zerodha

To open a Trading/Demat account with Zerodha, leave your contact information with us and we will guide you.

Contact Zerodha

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Alternatives to Zerodha

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Zerodha Trading Platform and Tools

Trading Platforms Rated 4.5/5

    Zerodha has the most advanced, sleek and intuitive trading platforms for all types of customers. They have desktop-based trading software, web-based trading terminal and Mobile app for Android and iOS smartphones.

    1. Zerodha PI (Desktop Trading Platform)

      This is the advanced desktop trading software by Zerodha to minimize all the barriers in smooth trading. This is a downloadable version of trading software and needs admin access to setup on your windows machine. Zerodha PI has all the features one needs in a trading platform. It is available for free.

      Further Reading: Detail Review of Zerodha PI

    2. Zerodha KITE Mobile App and Web Trading Platform

      KITE 3.0 is a lightweight, low bandwidth, multi-language, Integrated, easy to use, Informational and committed web based and mobile app from Zerodha. Kite is an in-house developed product from Zerodha and has the most tech-focused mobile offering. We rated Kite as “the Best Trading App”.

      Further Reading: Detail Review of Zerodha kite 3.0

      Benefits Offered

      1. Kite mobile app for android and IOS users serves both casual investors as well as the feature-hungry active traders.
      2. The combination of effective design and advanced trader functionality makes Kite as the best-used app.
      3. Integrated fund transfer with 30+ banks.
      4. Advance charts with 100+ indicators, 6 different chart types, 19 drawing tools, Open Interest (OI).
      5. Browser Notification and Mobile Alerts.
      6. Advance Order type – Cover Order, Bracket Order, AMO and Stop Loss Orders.
      7. Zerodha is providing a plug-in option for Automatic Trading with AmiBroker (Advance technical analysis and charting platform). Through this, a trader can directly trade from AmiBroker software in the semi-automated or fully-automated way based on his own strategies.

      Considerations

      1. VTC (Valid Till Cancelled) and GTD (Good Till Date) orders are missing. In such a case, you need to log in every day and place your orders which you want to execute on some specific price value. However, Zerodha Started GTT Order which can be used as GTD.
      2. The broker should send reminders for special events of your holdings like buyback, OFS, dividend, merger and so on. It can be shown on your watch list, email or through notification.
    3. Zerodha Coin Mutual Fund Investment - web-based and mobile app

      Coin.zerodha.com is the web-based online mutual fund investment platform by Zerodha. It is a commission-free platform to invest in Direct Mutual Funds. Zerodha has launched a new Mobile App too for mutual fund investments called Coin Mobile. This app has full features to buy, sell funds of your choice. You can create, update or hold SIP as per your financial goals. It has direct mutual fund investment option from 31 AMC for 3000+ funds.

      Limitation of Coin - You must have to transfer fund in your Mutual Fund account well in advance. So in case you have SIP plans, you must have to make sure fund is available in your Zerodha mutual fund account. You can do payment gateway transfer or set a recurring payment via your bank (NEFT/RTGS) to your Zerodha Mutual Fund account. Zerodha application doesn’t go directly to your bank account and withdraw the amount for your SIP. Where if you have ICICI Bank or HDFC Bank Mutual Fund SIP, they go directly to your bank account and withdraw the funds. This is a small limitation and can be handled by setting up a recurring payment option with your net banking.

      Further Reading: Direct Mutual Fund Investment by Zerodha

    4. Sentinel

      It is a price alert tool from Zerodha to set alerts for 80,000+ stocks, bonds, commodities, F&O contracts, and currencies across exchanges on OHLC, bids, and offers, and more, in addition to the price. Advance alerts can also be created that combine multiple triggers using simple, easy-to-use operators. The alerts are sent on email and Kite web.

    Partner Products of Zerodha

    These are the products designed by third parties and has a tie-up with Zerodha to give access to their products and platforms to the users of Zerodha. These are paid services and can be integrated with Zerodha Kite platform.

    • Smallcase

      Powered by Kite Connect APIs, smallcase is the thematic investment platform by Zerodha to let users invest in intelligently weighted baskets of stocks with a single click. A smallcase has a minimum of 2 and maximum of 50 securities. The securities are chosen based on ideas, themes or strategies in a specified weightage scheme. SIP facility is also available for smallcase thematic investment.

    • Streak

      Streak is the web-based cloud server Algo-trading platform by Zerodha to create, backtest and deploy trading algorithms live in the market without coding. One can track the market real-time, actionable alerts and manage positions on the go.

    • Sensibull

      Sensibull is the options trading platform, to choose from the suggested strategies or create your own custom strategies to trade your view. It also shows the comparison between various strategies to choose the best fit for you, visualize your trade’s profit and loss under various scenarios and allows to place orders using Zerodha Kite platform.

    • StockReports+

      It is a comprehensive research and analysis report by Thomson Reuters on stocks, market, and industry. It covers stock analysis and rating on 3000+ Indian stocks, Industry rankings and ratings, industry and sectoral analysis and in-depth insights of over 1500 Indian companies.

    For detail review of mobile app and download please visit Zerodha Trading Platform Review.

Zerodha Trading Platform Compare

Here we are comparing Zerodha with its 5 close competitors on Trading Platform.

Broker Zerodha Sharekhan 5paisa Upstox SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

Final thought about Zerodha

Rated 4.5/5 by 158 users

Zerodha is a well-respected share broker with a great offering. Zerodha has 1.2 + million [Dec 2019] satisfied customers leading it to India's one of the best discount share broker houses. Customer service is a top-notch and clients have access to well-known share brokerage platforms and tools. First time in India a brokerage house started Direct Mutual Funds investment. The strong management team gives you more confidence and support in trading. For those who want to take advantage of the latest technologies will find Zerodha to be a great fit.

Latest Updates from Zerodha:

6th Apr 2020: Change in lower side brokerage for the equity intraday and F&O trading. the plan has been revised from 0.01% or ₹20 (whichever is lower) to 0.03% or ₹20 (whichever is lower). So for big trades, its still no change in plan as Maximum brokergae will remain ₹20 only. For small trades, clients need to pay bit higher brokerage but logically this brokerage change don't have any major impact compare to competitors price.

18th Mar 2020: "Zerodha Call & Trade charges" and "Zerodha RMS Square off charges" updated from ₹20 to ₹50.

3rd Jan 2020: SEBI has introduced new margin policy for Intraday Margin. With the new changes SPAN + Exposure for F&O, and VaR + ELM for equity, has to be collected upfront before taking a trade. This is now compulsory for Intraday Trades (MIS, BO and CO).

16th Dec 2019: Same-day fund withdrawals – From 16th Dec 2019 onwards, NEFT facility is available 24X7, all week days. With that funds withdraw from your Zerodha account to your bank account on the same day, any day of the week. Previously you must have to wait for bank holidays and weekend.

9th Dec 2019: Change in Account opening charges effective from 9th Dec 2019 4:45 PM. New account opening charges – For Online Trading and Demat (T&D) Account – Rs 200, Trading, Demat and Commodity Account – Rs 300. For Offline account Trading and Demat (T&D) Account – Rs 400, Trading, Demat and Commodity Account – Rs 600.

16th Sep 2019: For your Mutual Fund SIP, Zerodha started recurring fund transfer facility. You can set up this process via Net Banking or Debit Card transaction. The feature is named as "e-Mandate".

5th Aug 2019: You can apply online IPO with Zerodha Consol. With recent change in IPO application, now you need to use UPI mode of payment for IPO application. You can apply online in IPO with Zerodha back office application “consol”.

22nd Mar 2019: Zerodha moving from 3rd party clearing member to self-clearing member under Zerodha Broking Ltd, with that no professional clearing Member(PCM) charges will be charged on futures and options premium. Exchange transaction charges for Futures will be Rs 190 per Cr and Option premium is Rs 5000 per Cr, which was Rs 210 per Cr and 5200 per Cr previously.

23rd Feb 2019: Second level authentication on Zerodha Kite is with 6 digit pin. Previously it was with a personal question based, now it will be more faster to log in on Kite.

Jan 2019: Zerodha started offering a 3-in-1 account with IDFC First Bank.

Jan 2019: Zerodha broke the barrier and become the number one share broker in India in terms of Active Clients. Zerodha started its operation in Aug 2010, and become the number one broker in India in just 8 years.

16th Oct 2018: Investment option open to investing in Government Securities (Bonds and T-bills) by retail Investors through Zerodha Coin.

19th Sep 2018: To open a Commodity account, you need to open a trading + commodity account. Now you can’t open only Commodity Account. This is to make all internal system work more effectively and give you a single view of your portfolio.

12th Sep 2018: Zerodha announces its collaboration with Thomson Reuters for advance research reports named StockReports+. Even though this service is paid service, but the price tie-up between Zerodha and Thomson Return is a really amazing deal for Indian Investor. Available in 3 easy plan Rs 150 PM, Rs 850 - 6 Months and Rs 1440 Yearly plan.

24th Aug 2018: Investment in Direct Mutual Fund with Zerodha is completely FREE. Previously Zerodha was charging Rs 50 PM for investment above Rs 25,000. Now they make this completely free for Zerodha clients.

28th July 2018: ELSS (Tax Saving Direct Mutual Funds) are free to invest. Zerodha was charging Rs 50 PM if your MF investment is more than 25,000 Rs. With new changes, you can invest in ELSS for free even though your investment goes above 25,000 Rs.

24th July 2018: 3rd Party Demat accounts linking with Zerodha Trading account are not accepted. This is because of the accountability point of view. With this, Zerodha will accept only Zerodha Demat account. If you have any Demat account with any other service provider, you need to move to Zerodha Demat service.

If you like what you have read and want to open an trading and demat account with Zerodha, leave your contact information with us and we will guide you.

Last updated on 2020-10-31



Zerodha FAQs

  1. 1. How the Zerodha charges its clients?

    If you deal in equity delivery based trades, then nil fees are applicable to your trading i.e FREE Equity Delivery Trade. However, if you start trading in equity intraday, F&O, Currency and Commodities, then you have to pay 0.03% or Rs.20 – the lowest amount will be applicable. In such case, your brokerage will be maximum Rs 20.

     

     

     

  2. 2. Can Zerodha be used for mutual funds investment?

    Yes. The buying and selling of mutual funds are available on Zerodha’s platform. This activity can be performed, without any cost, with the assistance of Coin, an in-house built mutual fund investment platform from the Zerodha.

    The key benefit of Zerodha Coin is it offers only Direct Mutual Funds, so you don't have to pay any commission to broker or middle man. Expense ratio for direct mutual funds is always low in comparison to regular funds. With that, you will have more profit on your investment.

    On this platform, you can trade only mutual funds and not any other asset class. You can choose from a number of mutual fund houses like ICICI Prudential, AXA, and HSBC, etc.

     

     

     

  3. 3. What is Smallcase in Zerodha?

    Smallcase Zerodha is a 3rd party platform offered by Zerodha to their clients to invest in ideas or themes. Smallcase is an investment product that consists of several stocks from a particular theme, users are allowed to choose the particular theme of their interest and undertake investment in several stocks.

     

     

     

  4. 4. I want to link another bank account with Zerodha. Can I do this?

    There is a facility provided by which you can easily change your bank account with Zerodha. You can change your Primary Bank account or add secondary bank account with your Zerodha Trading Account. Fund withdrawal will perform always with your Primary Bank Account.  However, this activity is not free; you have to pay Rs 25 + GST for the required modification.

    You have to present the following documents for this:

    1. Personalized Cancelled cheque (name printed on the cheque leaf)
    2. Bank statement (with IFSC Code and MICR No.)
    3. Bank Passbook statement

    Note: Points 2 & 3 have to be self-attested.

    You can download the bank modification form from here: >> Link

     

     

     

  5. 5. Can I convert MIS to CNC in Zerodha?

    Yes, if you’re a Zerodha user and placed an MIS order and now would like to convert it to CNC then you can do it easily on Zerodha Kite. Notably, such order conversion is only permissible if you’ve sufficient margins in your Zerodha account otherwise, you will be unable to convert MIS to CNC order.

     

     

     

  6. 6. How can I sell t1 holdings in Zerodha?

    In general, circumstances, if you have bought shares today then it will be reflected in your Zerodha Demat account after 2 days, called T+2 days. Notably, it includes only two working days, until the stock is delivered to your Demat account for 2 days, you can see the bought scrips in the t1 holdings. If you want to sell t1 shares then it is termed as BTST stands for “Buy Today Sell Tomorrow”. To sell t1 shares with Zerodha, one must place a sell order using the CNC option. It will still reflect to open position but by the end of the day, it will be automatically closed.

     

     

     

  7. 7. Can Zerodha account be hacked?

    No, the discount broker maintains full security for clients to prevent the account not to be hacked by unauthorized persons. You can also maintain your own account security by setting a two-factor authentication or creating a strong password. Even if in rare circumstances, any Zerodha user notices unauthorized access then the client must immediately inform the broker about the same.

     

     

     

  8. 8. Can Zerodha be trusted?

    Yes, Zerodha is one of the leading discount brokers in the Indian stock broking industry not just because of its topline services but also there’re a lot of reasons to trust the broker. The broker contributes nearly 15% to the total trading volume with a clientele base of above 15 lakh customers. Moreover, the strong focus on quick compliant resolution enables the broker to significantly reduce the complaint to even less than 1% of total active clients. In addition, sound management, well-structured policy framework, and value-added services make the broker among one of the highly trusted brokers.

     

     

     

  9. 9. Can Zerodha Default?

    Looking at Zerodha’s history such as well-established record, proven management, faster-growing customer base, etc., the broker is positioned as the country’s largest and also among one of the highly trusted stockbrokers. There’s no foreseeable possibility that the broker may default still, if it happens then still your money remains intact because the broker is not allowed to use their clients’ money to make default payment. So, if you’re a Zerodha user then you do not need to be worried about the broker’s default.

     

     

     

  10. 10. Can Zerodha go bankrupt?

    If you’re either an existing Zerodha account user or looking to open an account with Zerodha, then it is obvious to be concern about whether the broker can go bankrupt or not and the point is completely valid because everyone wants to open an account with a trusted broker. Talking about Zerodha, as of now, there’re no signs of bankruptcy due to the following reasons;

    • A decade of experience and proven track record in the Indian stock broking industry.
    • Largest discount broker with a huge clientele base making an overall contribution of 15% to the total retail trading volume.
    • Strong compliant management ratio even below less than 1%.
    • Sound management history.

    However, as the future is unpredictable so even if in unforeseen circumstances, Zerodha goes bankrupt then still, your investment is safe. It is because your investment are held with the depository participant – CDSL. So, if in future, Zerodha goes bankrupt then you can open a new Demat account with any other broker and link it to your existing DP to access your portfolio.

     

     

     

  11. 11. How can I contact with Zerodha?

    If you are an existing Zerodha user or even if looking to become a part of Zerodha client base then you can contact with Zerodha differently, as follows;

    • Existing customers: Existing Zerodha clients can login with Kite and then raise ticket on support portal to resolve any query. Alternatively, they can also call at support desk at 080 4718 1888. Notably, the broker doesn’t accept any query over mail.
    • New customers: In case, if you’re a potential customer means looking to open an account with Zerodha, then you can contact the broker over telephone at 080 4718 2020/080 7117 5337.

    As the broker also has a widespread geographical network through a number of branches, so you can also contact Zerodha offline by visiting the broker’s branch.

    Zerodha Branch Locator

     

     

     

  12. 12. What is day or IOC in Zerodha?

    Day or IOC in Zerodha are two different order types wherein a day order can be executed throughout the trading hours on the day the order is placed.

    However, IOC stands for immediate or cancel, as the name implies, the placed order whether to buy or sell is executed immediately or cancel 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.

     

     

     

  13. 13. How dividend will be credited in zerodha?

    If a company has declared dividends and you hold shares of a particular company in your Zerodha Demat account before the dividend declaration date then you will be able to get the dividend. The dividend will be automatically credited to your primary bank account linked with Zerodha account.

     

     

     

  14. 14. How to contact Zerodha without zpin?

    Zpin is the 4-digit support code that is actually the telephone code that users require to contact with Zerodha. If you’re an existing client with Zerodha and chose to connect with Zerodha over telephone then you’ve to enter your Zpin. However, if you’re raising a ticket on the Zerodha support portal, then, you can directly raise your ticket, although it will be identifiable through Zpin you don’t need to manually enter it.

     

     

     

  15. 15. How Zerodha brokerage is calculated?

    Zerodha charges flat Rs. 20 or 0.03% whichever is lower for trading across equity intraday, futures & options, currencies, and commodities segment, however, it offers free equity delivery trading. To check it further, see below;

    • Equity delivery trade: Zero brokerage
    • Equity intraday/ Equity futures/ commodity/ currency: If you’ve bought 100 shares at Rs. 200 at a total value of Rs. 20,000. Here, 0.03 of transaction value is Rs. 6 that is lower than flat brokerage of Rs. 20, so the brokerage charges levied will be Rs. 6.
    • Equity options: Flat Rs. 20 per executed order.

     

     

     

  16. 16. How to login Zerodha console?

    The console is the back office platform by Zerodha at where clients can access and download various reports such as portfolio holdings, positions, transaction reports, profit & loss, and others.

    To log in with the console, follow these steps;

    • Go to the official website of the broker.
    • Login with Kite by entering your Zerodha user ID and password.
    • In the right-hand side on the top menu, go to the user ID and click on “console”.
    • You’ll be directed to the Zerodha console dashboard where you can view your portfolio and download reports.

     

     

     

  17. 17. Is Zerodha free?

    Yes, the discount broker Zerodha is offering free equity delivery trade and free mutual funds investment. Thus, if anyone is only looking to invest in either mutual funds or want to trade-in equity delivery segment or even in both of these, then Zerodha is the best broker one must look for. However, trading in other segments i.e. equity intraday, futures & options, commodity, and currency, the Zerodha charges brokerage of Rs. 20 per order.

     

     

     

  18. 18. Is Zerodha good for beginner-level traders?

    Beginner-level traders always prefer to trade with the cheapest broker. In terms of brokerage, as Zerodha charges a flat fee model at Rs. 20 therefore, it is the preferred broker among beginners. On the other side, beginners also require trading assistance however, Zerodha being a discount broker doesn’t provide research & advisory and stock recommendation to their customers, due to which, beginner-level traders face difficulty to trade successfully. But in lieu of this, the broker has online education apps, support portal, and discussion forums to assist beginners. Thus, all-in-one, Zerodha is considered as among one of the most preferable brokers by beginners.

     

     

     

  19. 19. What is MIS or CNC orders in Zerodha?

    MIS and CNC in Zerodha are two different order types that are described below;

    • MIS, as the name itself, stands for Margin Intraday Square Off that stands for intraday trading. It means that if you’ve placed an MIS order then you must square off your positions at or before 3:20 PM otherwise Zerodha will square off the positions.
    • CNC, on the other side, stands for cash N carry, in which, scrips are held in your Demat account for more than a day. Clients placing CNC orders don’t need to have margins in their accounts.

     

     

     

  20. 20. Is smallcase by Zerodha a free platform?

    No, investing in smallcase with Zerodha is not free. Talking about Zerodha smallcase charges, the broker levies Rs. 100 to invest in smallcase with Zerodha. However, investment in All Weather Investing or Smart Beta smallcase is completely free but if you placed other orders like investing more, rebalancing, SIP, then charges of Rs. 50 + GST applicable will be levied.

     

     

     

  21. 21. How to invest in smallcase with Zerodha?

    Zerodha has partnered with Smallcase a fintech company to provide an equity investment platform to retail investors. Smallcase is an equity investment product based on thematic investing and portfolio-based investing. Thus, it is a bunch of several stocks based on an investment idea or theme such as all-weather investing, rural demand, etc.

    Steps to invest in smallcase with Zerodha;

    • Login with Zerodha Kite ID on smallcase.
    • Select the smallcase product, in which, you want to invest.
    • Click on the “Buy smallcase” option. You can either invest through monthly equity SIP or one time.
    • Your investment will be done.

     

     

     

  22. 22. What are the benefits of Zerodha trading?

    When opening an account with Zerodha, the first question that comes to everyone’s mind is that “what are the benefits to trade with Zerodha? or why to choose Zerodha?”. Although there’re a lot of reasons and several important reasons among all are pointed below;

    • Lowest brokerage trading: Zerodha offering free equity delivery trade and other segments are charged at a flat brokerage Rs. 20 per order that is the key factor that attracts people to open an account with Zerodha.
    • Robust trading platforms: Zerodha Kite App, Kite Web, Zerodha Coin, Zerodha Sentinel, and Zerodha Sensibull are the advanced technology trading platforms offered to clients.
    • Zerodha console for analytics and reporting.
    • Country’s largest stockbroker with the highest market share.
    • A decade of proven track record in the stockbroking industry.
    • Sound customer services with value-added offerings such as Amibroker, referral, smallcase, etc.

     

     

     

  23. 23. When Zerodha started?

    The discount broking firm Zerodha started its operations on 15 August 2010 and now, its discount brokerage model and in-house technology have made the broker country’s largest stockbroker.

     

     

     

  24. 24. Where to find DP ID in Zerodha?

    Zerodha DP ID is 12081600, you can easily find Zerodha DP ID after login your account on Zerodha Kite platform.

    • Login with Zerodha Kite.
    • Go to the “console” section.
    • On the top menu bar, click on the “Account” option.
    • Now, on the left-hand side, click on “Demat”. here, you can see demat account ID.

     

     

     

  25. 25. Where is telephone code in Zerodha?

    Zerodha telephone code (Z Pin) is now called support code that is actually customer identification number when raising any query on support portal or placing telephonic orders via call & trade.

    Steps to find the support code;

    • Login your account with Zerodha Kite on either mobile or web.
    • Now, go to “console”.
    • On the top-menu bar, click on “Account”. Now, you can see an option “support code” which is actually the 4 digit code, click on the eye to make it visible.

     

     

     

  26. 26. Who is the founder of Zerodha?

    The brother duo Nitin Kamath and Nikhil Kamath are the founder or owner of Zerodha who started the business in the year 2010. It is a discount brokerage firm that is currently, India’s largest stockbroker in terms of overall contribution to the daily trading volume.

     

     

     

  27. 27. Who owns Zerodha?

    Nitin Kamath and Nikhil Kamath both are the owners of Zerodha who commenced Zerodha in 2010. It is a Bangalore-based discount broker that provides customers facility to invest in various products such as equity intraday, equity delivery, futures & options, commodities, currencies, mutual funds, and others. Zerodha was the first broker who started offering a discount brokerage plan of flat fee at Rs. 20 while offers free equity delivery trading and free mutual funds investment.

     

     

     

  28. 28. Why Zerodha is best broker?

    When anyone looks to open a demat and trading account with Zerodha, then the first thing that raise everyone’s eyebrows is why Zerodha and not someone else? then its justifiable answer is provided hereunder;

    • Cheapest brokerage – Flat Rs. 20 or 0.03% whichever is lower
    • Zero brokerage on equity delivery trade.
    • Free direct mutual funds investment.
    • A broker with the largest market share in India.
    • Multiple trading platforms i.e. Kite Web, Zerodha Kite App, Coin, etc.
    • Widespread product portfolio.
    • Excellent customer services.

     

     

     

  29. 29. When I get Zerodha client ID?

    Once you’ve submitted all the information online such as personal info, bank details, and documents i.e. bank proof, aadhaar card, and photo and documents are verified and found appropriate then thereafter, the broker will send you unique client ID/user ID and password that are required to trade on Kite – web and mobile version.

     

     

     

  30. 30. Will Zerodha allow Nasdaq?

    No, Zerodha doesn’t facility foreign investment means you it doesn’t allow investment in stocks listed on Nasdaq. Only a few brokerage houses like ICICI Securities, Kotak Securities etc. offers foreign investment facility.

     

     

     

  31. 31. Is Zerodha Good for trading?

    Prior to opening an account with any broker, every person is concerned about whether the broker is safe or not for trading. Zerodha is considered safe broker for trading due to the following reasons;

    • Regulated by regulatory body, Security and Exchange Board of India (SEBI)
    • Trading & investment in equity, ETF, derivatives, commodity, currency, bonds, mutual funds, and IPO.
    • 5 million Active retail client base.
    • Low trading charges – flat fee Rs. 20 per order.
    • A great trading platform like Kite Web, Kite mobile app, and Zerodha coin.
    • Free equity delivery trade and direct mutual fund investment.

     

     

     

  32. 32. What is Zerodha t1 holdings?

    T1, as the name itself, represents all those stocks who have been purchased but not yet credited to your Zerodha Demat account. For instance, if you’ve purchased shares yesterday, then today, it will remain as t1 holdings and will not be credited to your account. The reason behind this is the clearing & settlement process is 2 days means any stock that you’ve bought through the Zerodha trading account will be transferred or credited into your account within t+2 days.

     

     

     

  33. 33. How can I convert MIS to CNC in Zerodha?

    : 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;

    • Login to your Zerodha account and click on the positions book.
    • Go to “Options” and then click on the “convert” button.
    • Zerodha-Order-change

    • A new order conversion window will appear, click on the “convert”.
    • Zerodha-MIS-CNC-Conversion

     

     

     

  34. 34. What is trigger price in Zerodha?

    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.

    Zerodha-Trigger-Price-Stoploss-Order

    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.

    Zerodha-Trigger-Price-Stoploss-MarketOrder

    Trigger price can also be entered for the bracket order and cover order with Zerodha.

     

     

     

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Zerodha User Reviews

avatar
132. freeforex 11/20/2020 1:05:59 PM Reply
Market value
A company''s market value is a good indicator of investors'' perceptions about its business prospects. The range of market values in the market is enormous, from less than a million dollars for the smallest companies to hundreds of billions for the largest and most successful companies in the world.
Market value is determined by valuations or multipliers that investors provide to companies, such as price to sales, price to earnings, company value to EBITDA, etc. The higher the valuations, the higher the market value.
forex trading signals

The dynamic nature of market values
Market value can fluctuate dramatically over periods of time and is greatly influenced by the business cycle. Market values decline during bear markets associated with recessions and rallies during emerging markets that occur during economic expansions.
Market value also depends on many other factors, such as the sector in which the company operates, its profitability, debt burden, and the broad market environment. For example, Company X and Company B may have $ 100 million in annual sales, but if Company X is a rapidly growing technology company while B is a massive retailer, then the market value of X will generally be much higher than that of Company B.
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In the example above, Company X might trade at a sales multiplier of 5, giving it a market value of $ 500 million, while Company B might trade at a sales multiple of 2, giving it a market value of $ 200 million.
The company''s market value may differ significantly from book value or shareholder equity. A stock is generally considered undervalued if its market value is much lower than the book value, which means that the stock is traded at a significant discount from the book value per share. This does not mean that the share is overestimated if it is traded at a premium over the book value, as this again depends on the sector and the extent of the premium in relation to the share''s peers.
Book value is also known as explicit value, and it can greatly affect the implied value of the company (i.e. personal perceptions, investor and analyst research), which in turn affects whether the company''s share price rises or falls.
https://www.freeforex-signals.com/
Market value (also known as OMV, or "open market valuation") is the price that an asset will bring in the market, or the value that the investment community gives to a particular stock or company. Market value is also commonly used to denote the market value of a public joint stock company, and is calculated by multiplying the number of its outstanding shares by the current share price. It is easiest to determine the market value of exchange-traded instruments such as stocks and futures, since their market prices are widely spread and readily available, but it is difficult to ascertain the over-the-counter instruments such as fixed income securities. However, the greatest difficulty in determining market value is in estimating the value of illiquid assets such as real estate and companies, which may require the use of real estate appraisers and business valuation experts respectively.
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avatar
131. Partha 10/4/2020 9:27:18 PM Reply
Hi. When will we receive the bonus share on our Zerodha account of ARTIDRUGS?
The company notice said the bonus share has been shared on 1st October, but till date it is not showing in our Zerodha account.
avatar
130. Chandru 5/14/2020 5:09:07 PM Reply
While transferring money in to Zerodha is immediate, why withdrawal is processed only at the end of the day?
avatar
130.1. Vinay Jain 7/17/2020 12:15:58 PM
Yes, Broker needs to take care of all your transaction of the day. The money will release only daily settlement will complete. This is standard practice across all the brokers not only with Zerodha.
avatar
129. Bhaskar 7/17/2020 8:46:53 AM Reply
Hi,

I am new to comoditie trading and what I came to know is different comoditues have different expiry dates..and I am facing issues while trading in comodity options

It will be too good, if you add expiry date details in info tab of particular options...
avatar
129.1. CA Sachin Dad 7/17/2020 12:12:23 PM

Hello Sir, Zerodha have complete document about options learning. Please refer the link below


Learning Options Trading
avatar
128. Ranjith M 7/8/2020 12:20:45 PM Reply
Good

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent
avatar
127. Siju 6/12/2020 8:29:13 AM Reply
I liked the versality of various components like coin, and other services on a single platform.
would suggest improvement in leverage for weekly F& O positions atleast 3 -4 times. and margin against investments held,


Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Average
Overall Experience - Above Average
avatar
126. REDDY PAVAN KUMAR 6/4/2020 4:36:36 PM Reply
They charge very low annuity maintenance charges compared to any other brokerage, customer service is great

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
125. sridhar 3/20/2019 12:19:10 PM Reply
stupid system not reliable. When you loose your money will change but loosing your money is certain.s
high chance for loosing huge money for one reason that you cannot close the trade.
And cannot catch the obvious big moves since the system will go down and will not allow you to trade.
I suspect they are making counter trades on their customers and making profit.
Which means you win they loose. If you are going to win big they are going to loose big.
they will never allow themselves to loose big and yes their system will crash and they will allow you to get in only when they closed their positions safely.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
125.1. Chandru 5/14/2020 5:10:55 PM
please suggest an alternate one.. will help..
avatar
124. Gopinath 3/23/2020 10:01:50 PM Reply
Have been trying to contact for 10 days now. No response

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Very Poor
Overall Experience - Below Average
avatar
123. Zeba Raziunnisa 3/18/2020 6:20:21 PM Reply
Zerohda is placing orders in customers account with customer approval. When customer is realising that unwanted order is been placed it is not letting the customer to exit the order. No one is picking up the support phone and when a ticket a raised, it is asking to wait for 48 hours. My money is at stake. Don''t let this happen to you . Take out all your cash from zerodha and use other service

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