Zerodha is one of the best technology focus company providing the most innovative tools in Indian broking industry and reducing cost per trade making investor get best out of what they deserve. Recently, Zerodha emerged to become the largest Stock Broker in India with over one million clients and Over one million clients contributing to over 10% of all Indian retail volumes.
When Zerodha started its business, things got change and SEBI introduced ASBA process, where none of the 2-in-1 brokers have option left to allow applying in IPOs with their trading application. In such case, only option left for brokers like Zerodha who is providing 2- in-1 brokerage service is to ask its users to use ASBA process for online IPO application and Zerodha DP account to get credit of allotment of IPO.
As Zerodha is providing free delivery trading, so selling your IPO allotted shares with Zerodha is completely free. If you get IPO allotment, it will reside in your demat account with Zerodha and are eligible for delivery trading and when you sell such holdings you don't have to pay brokerage. However, you cannot directly sell it from your holdings on Kite. You will have to add the stock to your Marketwatch and then open the sell order window and then place your sell order.
You can apply in IPOs with any of the self-certified syndicate banks by providing Zerodha DP account details. You have to select the Depository as CDSL if you have a Zerodha Demat account & NSDL if you have a DEMAT account with IL&FS (i.e account opened before 15th Sep 2015). After allotment, you can use your Zerodha Trading account to trade and sell in your holding of shares.
Detail Article on ASBA Process for IPO Investment >> Read
Note: Client having account in those banks who are not offering paperless ASBA application or those clients 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 ID?
You can find 16 digit Zerodha Depository Account Number or Zerodha DP ID on welcome letter sent to you, profile page on back office software Console, your monthly demat holding statement or calling Zerodha Customer care number.
Zerodha Open account online and paperless - Step by step guide.
In 2017, Zerodha launched a new way to invest in mutual funds with its largest direct mutual fund platform called Zerodha Coin (coin.zerodha.com). On this platform, you buy direct mutual funds online with no commission passback, directly from asset management companies.
Initially, the platform offered by Zerodha called mf.zerodha.com was the distributor type of platform where you invested in regular mutual fund plans and though it looks free for investors, your distributor (Zerodha) gets a commission from the AMCs.
But this new platform Zerodha coin enables you to invest with the fund house directly without using the distributor as intermediary with no commissions on your investment either upfront or trail. The funds get in your Zerodha Demat Account same as stocks.
Detail article on Zerodha Mutual Fund Investment and advantages of investing in direct plan vs regular plan. >> Read
If you want to switch your current funds or SIP from regular plans to Direct plans, you will have to first exit your regular plan and repurchase the direct plan. All new lumpsum investments that you make will happen under the direct mode on coin.
Zerodha is allowing you to invest in Direct plan with multiple AMCs and over 2000 funds on single platform without taking any commission for this service. Zerodha Coin is absolutely free since August 2018.
Yes, you can do so by setting standing instructions at your bank to add money or credit your Zerodha trading account. Once the money is transferred to your trading account, the money required for your SIP will be utilized from your trading account. Zerodha do not collect an ECS/NACH mandate, so they don't have the permission to directly debit your bank accounts.
Last Updated on 25th Jul 2019