What is special about Zerodha?

Asked by: Lewis Gorczany V  |  Last update: February 9, 2022
Score: 4.5/5 (46 votes)

Zerodha charges no brokerage on equity delivery trades and a discounted brokerage of ₹20 or 0.03% (whichever among the two is of lower amount) in all other trading segments including- equity, futures & options, currency, and commodity.

What is the benefit of using Zerodha?

The benefits of having a Zerodha-IDFC FIRST Bank 3-in-1 account are as follows: Real-time, fast fund transfer from the bank account to trading account without cumbersome authentication. Fund transfer is free . No upper limit/cap for fund transfer.

Why is Zerodha famous?

With an active client base of 5 million users, Zerodha is the largest retail stockbroker in India, contributing more than 15% of daily retail volumes across all Indian stock exchanges.

Why is Zerodha unique?

What is unique about Zerodha? Zerodha works on the concept of discount broking i.e., it charges reduced commission or low brokerage on transactions that attract the investors especially the beginners to use this platform.

What if Zerodha shuts down?

You will not lose it because shares are kept in and electronic form maintained by either NSDL AND CDSL i.e. depository organisations in india. So even if zerodha goes bankrupt your shares are safe.

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38 related questions found

How Nikhil Kamath started Zerodha?

At about 17 I joined a call centre, which was my first full-time job. And I started trading equity on the side. I worked the UK [United Kingdom] shift, which was between 5pm and 1am, so that gave me time in the mornings to trade. That quickly evolved into managing money for some of my friends, colleagues.

Who is CEO of Zerodha?

Zerodha Founder & CEO Nithin Kamat and his Social Jibes.

Which DEMAT account is best?

14 BEST Demat Account In India [2022 RANKING]
  • Comparing Top Demat Trading Accounts.
  • #1) Upstox.
  • #2) Zerodha.
  • #3) Angel Broking.
  • #4) 5Paisa.
  • #5) Sharekhan Demat Account.
  • #6) IIFL Demat Account.
  • #7) Motilal Oswal Demat Account.

How does Zerodha earn money?

Their business model relies on the number of transactions on the platform. Instead of charging more per transaction, they focus on building a great product, so more clients are attracted to trade on it. So they earn ₹20 on the millions of transactions that occur daily.

Does Zerodha charge monthly?

Does Zerodha have annual charges? Yes, Zerodha charge Rs 300 per year Demat Account AMC (Annual maintenance charges) fees. This fee is charged quarterly (i.e. Rs 75 every quarter). Except this Zerodha doesn't have any annual charges or minimum balance requirements.

Is Zerodha safe?

Yes, Zerodha is as safe as any other stock broker in India. Zerodha is a genuine and trusted stock broker. They are among the lowest risk broker for the following reasons: Zerodha is a debt-free.

Is Zerodha better or Upstox?

Upstox offers priority brokerage plan (at Rs 30 per trade) which has up to 25x leverage on Intraday, Futures & Options. Zerodha has one simple plan for all customers. Zerodha has much stronger focus and investment in technology which results in a better trading platform, trading tools and customer support.

How much Zerodha earn in a day?

According to the NSE, Zerodha's daily average turnover is ₹2000 crores.

Can Zerodha run away with my money?

Zerodha works only as a service agent for a demat account. In terms of money in your trading account, it is highly recommended to move your surplus funds to your bank account which is relatively safer and insured by GoI.

Is Zerodha SEBI registered?

Zerodha, being a Trading Member of NSE and BSE, registered with Securities & Exchange Board of India ("SEBI") and having Registration No. ... INZ000031633 for Cash/Derivatives/Currency Derivatives segments of NSE & BSE.

Can I have 2 demat accounts?

Investors can open multiple demat accounts, so long as the accounts are opened with different Depository Participants. You cannot open more than one demat account with the same DP.

Who is Nithin Kamath Zerodha?

Nithin Kamath is an Indian entrepreneur, stockbroker, and investor. He is the co-founder and CEO of 'Zerodha,' a financial services company in India.

What does Nithin Kamath do?

Conversely, if more people wanted to sell a stock than buy it, the price would fall. Nithin Kamath, the chief executive officer of India's largest online brokerage Zerodha explains what really moves markets? It's traders & investors making informed and uninformed decisions behind the bear and bull markets.

Who is Seema Patil Zerodha?

Seema Patil is the chief of quality at the financial services company in India 'Zerodha. ' She is well-known for being the wife of the co-founder and CEO of Zerodha, Nithin Kamath.

Who wrote Zerodha varsity?

Varsity is an extensive and in-depth collection of stock market and financial lessons created by Karthik Rangappa at Zerodha.

Who is the youngest billionaire of India?

A school dropout is today's India's youngest billionaire. Nikhil Kamath is the youngest member of Forbes India's 100 richest 2020 list. He is one of the best traders and a philanthropist who actively supported Bengaluru during the Covid-19 pandemic through a mass feeding programme.

How much money does Zerodha handle?

In the financial year 2020, the trading platform Zerodha generated 950 crores using this technique. Zerodha's innovative business plan allows them to make the most money with the least amount of capital outlay.