In today’s time investing in share market and mutual funds has become very easy and cheap. The main reason for this is the entry of discount brokers into the market.
You will find many stock brokers in the Indian market such as Zerodha, Upstox, Angel Broking etc. Today we will review Zerodha Stock Broker Demat account in this category of Best discount brokers.
If you want to open your Demat account with Zerodha, then after reading this article you will definitely be able to decide whether you want to open a Zerodha account or not.
Zerodha Stock Broker Demat Review
Zerodha is the largest discount broker in India. Their customer base is around 1+ Crore clients. Zerodha can be a great option for those customers who want to invest in stock market and mutual funds at very low cost.
Due to the low brokerage, these can be a great option for traders. Also, investors who want to invest in Mutual Funds and Stocks with low brokerage, easy interface and reliability can also go with Zerodha. We will discuss all these in detail further.
Zerodha is a SEBI registered stockbroker that offers investment in shares and mutual funds. Zerodha as a discount broker has made steady progress thereby increasing its customer base.
Zerodha officially started operating in India from 15th August 2010. Its founders are Nitin Kamat and Nikhil Kamat. The headquarter of this stockbroker is located in Bangalore, Karnataka.
Zerodha Meaning – Made up of the words Zerodha, Zero and Rodha. Where zero is an English word and rodha is a Sanskrit word. Thus, Zerodha stands for “Zero Constraint” which explains the objective of the company.
Service offered by Zerodha Stock Broker
Before opening your demat account with any stockbroker, you need to know what are the facilities that they offer. Zerodha offers the following facilities to its customers –
- Equity Trading / Investing in Shares
- Derivative trading
- Currency tradin
- Commodity trading
- Mutual fund
- Government bonds
In this way, Zerodha gives you the facility of trading in all shares, mutual funds, futures, options. Most importantly, it also gives you the option of investing in mutual funds. Through Zerodha Coin you can invest in both direct and regular plans of mutual funds.
Thus Zerodha offers its clients all the services that a client expects from its stockbroker.
Charges of Zerodha
Zerodha Account Opening Charges
Online account opening fee at Zerodha is Rs.200 for trading & demat account. To know how to open an account online, see this article.
If you want to trade Commodity Derivatives through MCX, you can do so by running the Commodity section from the console after opening your Trading & Demat account.
Follow the steps mentioned in this article to run the commodity partition from the console.
The fee for opening a commodity account is Rs.100 and is charged by debiting your ledger.
Zerodha Equity Charges
You will not be charged any commission for delivery based trades.
Delivery based trading includes all trades where you hold the stock for more than one day. However, if you have bought a particular script on CNC and sold it on the same day, the trade will be treated as intraday and intraday brokerage will be applicable.
For equity intraday trades, 0.03% of turnover or Rs. 20 per order executed whichever is less.
Turnover = number of shares x share price.
You can visit our brokerage calculator to check all fees related to a particular trade.
Zerodha Hidden Charges
- Call and Trade ₹50 per order.
- ₹50 per order, positions for MIS/BO/CO orders that have not been squared off by the customer.
- Physical copy of contract note ₹ 20 per copy. Courier charges are additional.
- DP Charges for Delivery Based Equity Sale: Rs 13.5 + GST per order.
Zerodha Trading Platforms
This stockbroker has different trading platforms which you can use as per your requirement. Zerodha has different trading terminals available for both smartphone and PC users.
1. Kite Web Trading Platform
You can use Kite web in your desktop, tablet and mobile browser. It is a modern technology enabled trading platform with advanced charting facility.
In addition, there are options for advance orders such as cover orders, bracket orders.
- Available in multi language.
- Facility of more than 100 technical indicators.
- easy to use.
- Facility to create multiple watchlists.
- Availability of Shortcut Keys.
- Overall, Kite provides a great trading experience to the web traders.
2. Kite Mobile
These trading platforms are designed for smartphone users. It can be used for both Android and iOS. You will need a smartphone and internet connection to use this mobile app.
- With the Kite mobile app, you can easily buy and sell shares, ETFs.
- Through this app you can easily add and withdraw funds.
- Multiple watchlist option also available.
The easy interface of this app makes it even more convenient.
3. Zerodha Coin
Zerodha Coin lets you buy Mutual Funds directly from the fund house. You can easily buy zero commission or direct mutual funds through coin.
You can keep your mutual funds in demat form using Zerodha coin. With this, your portfolio of stocks and mutual funds is managed in one place.
Zerodha Margin Exposure
Zerodha margin for intraday trading is 20% of the trade value with a maximum leverage of 5X.
Zero Intraday Margin
How is the customer support of Zerodha?
Being a discount broker, there is definitely some problem in online support. Online chat facility is not available in this. But you can contact them on these numbers –
Zerodha Stock Broker New account opening
080 4719 2020
080 7117 5337
080 4718 1888 / 1999
080 7190 9543 / 9545
You can contact Zerodha team through online ticket or email. In the financial year 2021-22, 32 complaints have been registered on BSE and 386 on NSE. The number of complaints is much less than the number of their customers.
Features of Zerodha IPO
Zerodha customers can apply for IPO through UPI using Console back office. Apart from this, if you have a demat account with Zerodha Stock Broker, you can also apply for the IPO through ASBA Internet Banking.
You don’t need UPI in ASBA. Zerodha gives the facility to invest in IPO for free.
Zerodha Key Features
- Facility to open paperless account online.
- Call and trade facility to the customers. Customers can place their order by calling 91-8047181888. In this you have to pay ₹ 50 per order.
- Zerodha offers Smallcase facility to its customers. Smallcase is a platform where you can start SIP in any stock.
- It also offers the option of GTT (Good till Triggered) order, that too without any charges. In this, the customer can place his order for a particular trigger price which is active for 365 days.
- Zerodha customers also have the option of Refer & Earn. A successful referral earns 300 reward points and a 10% brokerage commission.
- Varsity is one of their educational platforms using which you can enhance your investing and trading knowledge.
HOW TO OPEN ACCOUNT IN ZERODHA
Zerodha gives its customers the option of opening a paperless account online. You can open your Demat account online with the help of the following documents –
- pan card
- Aadhar card
- bank account
You can open your demat account by visiting this link – Open Now
An NRI can also open a demat account through an NRO or NRE bank account. If your Aadhaar is not linked with your mobile number, you can open a demat account offline as well. There is an additional charge of ₹ 200 for opening an offline demat account.
Advantages and disadvantages of Zerodha
Pros of Zerodha Stock Broker
- Zero brokerage on delivery transactions.
- Maximum brokerage of ₹20 on intraday deals.
- State-of-the-art trading platforms.
- Easy to use for new investors.
- No minimum balance requirement.
- Facility to hold mutual funds in demat account through Zerodha coin.
- Facility to place IPO through UPI.
- Zerodha 3+1 account available with IDFC Bank.
- Possible to extract all trading reports in Zerodha console.
- User friendly interface.
Cons of Zerodha Stock Broker
- No facility to open free demat account.
- Being a discount broker, research advisories are not available.
- No live customer chat facility.
- Is Zerodha safe?
- Is Zerodha safe for long term?
One of the biggest questions comes that we have heard the names of big brokers from the beginning but Zerodha Stock Brokerage has started from 2010 itself. But Zerodha has carved a niche for itself among discount brokers. Now it has become the largest discount broker in India.
On the other hand, is Zerodha safe and reliable? So the answer is yes, definitely.
You can definitely open an account with Zerodha. Zerodha Stock Broker has not done any special SEBI voicing yet. Together this company is a profit making company on which there is no debt or liability.
Apart from this, Zerodha is a partner with CDSL, due to which if anything happens to you, then your shares will remain deposited in CDSL.
Stock brokers act only as agents of depositories. Even if the Zerodha broker closes after some time, your shares will be deposited in CDSL’s depository which you can also sell.
Conclusion – ZERODHA Review
In conclusion, Zerodha is a great stockbroker. If you want to invest in stocks and mutual funds then you can open a Zerodha Demat Account.
Also, if you are a trader then traders are troubled by the problem of high brokerage. Therefore, discount brokers can be best for traders who have very low brokerage. Rest you can choose the demat account as per your requirement.
If you have any question or suggestion related to Zerodha Stock Broker Demat Review in English then you can tell us through comment box.
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Is Zerodha Free?
The annual fee for Zerodha Demat Account is ₹300. Delivery deals are free while intraday maximum brokerage is ₹20.
Can I buy IPO from Zerodha Stock Broker?
Yes, you can apply for IPO from Zerodha through UPI or ASBA.
Does Zerodha offer Direct Mutual Funds?
With the help of Zerodha Coin, you can also buy mutual funds with direct plans.
What are CNC in Zerodha?
CNC means Cash and Carry. CNC is used for delivery based transactions. Shares in delivery are bought for a longer period.
What are MIS in Zerodha?
MIS stands for Margin Intraday Square Off. It is used for intraday trading.
Can a person open two Zerodha accounts?
An individual can have only one demat account in Zerodha. There can be one demat account for one PAN.