Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base.
Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be determined by volume, number of active customers or the overall growth rate. Surprisingly, 3+ million Zerodha clients are contributing to over 15% of the aggregate retail trading volumes across BSE, NSE and MCX. That's a pretty good number to display!
A technologically advanced and fully functional broking firm offering a plethora of services and products. The services include investing and trading in Equity, Currency, Commodity, IPO and Direct Mutual Funds. So, this online trading platform lets you invest in stocks, derivatives, mutual funds, and much more.
As far as, brokerage fee is concerned, Zerodha charges ₹0 brokerage on equity i.e. FREE equity delivery trades. So, the maximum intraday and F&O brokerage you pay for a transaction is ₹20 for an executed order.
Zerodha has established itself in the topmost places in the list of reliable & trustworthy brokers in India. And why not, its level of services and highly advanced and updated investment tools and apps are very much appreciated by its users.
These are the numerous trading tools privided by Zerodha:
Let's keep exploring more details on this discount broker and discuss further about it.
If you wish to trade in stocks, commodity or currency or to invest in stocks and mutual funds with Zerodha, you are required to open a trading account and a demat account. However, if you are planning to trade only in derivatives, a demat account is not mandatory.
Zerodha offers 3 types of accounts namely: 1. A Trading account for equity and currency derivatives.
A Demat account to take delivery of stocks.
A Commodity account to trade commodity futures on MCX.
Zerodha also offers a 2-in-1 Demat and trading account.
Although, a customer account has access to all the segments. But, you have
Charge | Amount |
---|---|
Demat Account Opening Charges | ₹0 (Free) |
Trading Acc Opening Charges | ₹200 (Equity) + Rs.100 (Commodity) |
Trading Account AMC | ₹0 (Free) |
Demat Account AMC | ₹300 per year |
Charge | Amount |
---|---|
Plan Name | Flat Brokerage Plan |
Equity Delivery | ₹0 (Free) |
Equity Intraday | Flat ₹20 or 0.03% (whichever is lower) per executed order |
Equity Futures | Flat ₹20 or 0.03% (whichever is lower) per executed order |
Equity Options | Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover) |
Currency Futures | Flat ₹20 or 0.03% (whichever is lower) per executed order |
Currency Options | Flat ₹20 or 0.03% (whichever is lower) per executed order |
Commodity Options | Flat ₹20 or 0.03% (whichever is lower) per executed order |
Mutual Fund | ₹0 (Free Unlimited Direct MF) |
Trading Segment | Equity Delivery | Equity Interaday |
---|---|---|
Brokerage | ₹0 (No Brokerage) | Flat ₹20 or 0.03% (whichever is lower) |
Securities Transaction Tax (STT) | 0.1% on both Buy and Sell | 0.025% on the Sell Side |
Transaction / Turnover Charges | NSE: 0.00325% | BSE: 0.003% per trade (each side) | NSE: 0.00325% | BSE: 0.003% per trade (each side) |
Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
Stamp Charges | State wise | State wise |
Charge | Equity Futures | Equity Options |
---|---|---|
Brokerage | Flat ₹20 or 0.03% (whichever is lower) | Flat ₹20 or 0.03% (whichever is lower) |
Securities Transaction Tax (STT) | 0.01% on Sell Side\t | 0.05% on Sell Side(on Premium) |
Transaction / Turnover Charges | NSE: 0.0019% | BSE 0.003% (each side)\t | NSE 0.05% | BSE 0.003% (each side) (on premium) |
Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
Stamp Charges | State wise | State wise |
Zerodha is probably one of the biggest discount brokers out there. That is for good reason. Zerodha’s emphasis on customer experience at low cost is probably unparalleled in the sector, so it is no surprise that it has moved to an expansionary stage. Zerodha also offers currency trading, but first,
Charge | Currency Futures | Currency Options |
---|---|---|
Brokerage | Flat ₹20 or 0.03% (whichever is lower)\t | Flat ₹20 or 0.03% (whichever is lower)\t |
Securities Transaction Tax (STT) | No STT\t | No STT\t |
Transaction / Turnover Charges | NSE: 0.0009% | BSE: 0.00022%\t | NSE: 0.04% | BSE: 0.001% (on premium) |
Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
Stamp Charges | State wise | State wise |
Zerodha Brokers pioneered the Discount broking space in India and still continues to be one of the top investor preferences. The word Zerodha or 'Zero' 'dha' meaning Zero cost or free of charge transactions. It was the first discount broker to offer the no-brokerage policy to encourage more and more
Charge | Commodity Futures | Commodity Options |
---|---|---|
Brokerage | Flat ₹20 or 0.03% (whichever is lower)\t | Flat ₹20 or 0.03% (whichever is lower)\t |
Securities Transaction Tax (STT) | 0.01% on sell side (Non-Agri)\t | 0.05% on sell side |
Transaction / Turnover Charges | Group A: Exchange txn charge: 0.0026% Group B: Exchange txn charge: Pepper - 0.00005%, Castorseed - 0.0005%, Rbdpmolein - 0.001%\t | ₹0 |
Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
Stamp Charges | State wise | State wise |
A Demat account is used for holding your financial securities like stocks, mutual funds, bonds, etc. Similar to as we have bank account to store our money, a demat account is used to store securties in electronic form.
Talking of Zerodha or any of the stock brokers in India, Demat