Zerodha Review

Zerodha Kite is Zerodha’s online trading platform, which was built in 2015. It is a web-based, lightweight platform which can be used for trading on mobile, tablets as well as desktop browsers. The KITE platform facilitates trading in 11 languages. Kite mobile is currently available in the Android version & iOS on Google Play store. It has advanced technical analysis charting with more than 100 charting indicators and unlimited data for different stocks.

Zerodha provides a range of mobile apps for its customers based on different services. These include:

• Zerodha Kite: Online trading platform for stock and commodity trading

• Zerodha Coin: For mutual funds investments

• Zerodha Varsity: Stock marketing lessons

• Zerodha Sentinel: Market alerts and monitoring for stocks, futures and options  on the cloud

• Pulse by Zerodha: For latest market news and updates.

Zerodha is one of the leading and most popular stock brokers in India, with a massive client base created over years. Beginners often prefer trading with the cheapest brokers, and Zerodha, with a flat fee model at Rs 20, fits perfectly in this parameter. Additionally, Zerodha also provides online education apps, support portal, and discussion forums which prove to be of great assistance to beginner level investors. However, Zerodha being a discount broker does not assist with research, advisory or recommendations. This makes it a challenge for new investors who often find it difficult to make these decisions.

Overall, considering the many helpful services it offers, Zerodha can be considered as a good option for beginner level investors.

The following documents are required to open a Zerodha demat account online:

• PAN card

• Aadhaar Card(you can open your account offline route if you don't want to use your Aadhaar details)

• To complete the e-Sign process, you will have to authenticate it with an OTP. So, make sure you have the mobile number linked to your Aadhaar (mandatorily). If not, you will not be able to complete the process. If the number linked to your Aadhaar is inactive, or if you don’t have any number linked, then you can visit your nearest Aadhaar Seva Kendra to get it updated.

• Cancelled cheque/Bank statement to link your bank account - If your cheque is not personalized then the bank statement you upload should have both the IFSC and MICR code printed on it. If not then your application will be rejected. 

• A photo or scanned copy of your signature proof will be required to be uploaded. 

• Income proof - It is mandatory to submit income proof if you wish to trade in Futures and options – Equity, Commodity, and Currency. You can submit any one of the below documents: 

  Form-16

  Income Tax Return Acknowledgment

  6-month Bank statement

  Latest salary slip

  Demat holding statement, or

  Networth certificate from a CA.

There are a number of charges which are charged by stockbrokers like Zerodha. These include account opening charges, account maintenance charges, brokerage charges, transaction charges, clearing charges, etc. Apart from these, there are other associated charges like taxes (GST, STT), SEBI charges etc, which are often overlooked by investors. It is important to remember that some of these charges depend upon the transaction value, while some depend upon the product and plan that you have chosen.

Learn about the different charges charged by Zerodha here.

Zerodha is only a trading execution platform and unlike full-service brokers, it does not provide any trading tips, recommendations, advisory or research. Zerodha also does not offer services like portfolio management services (PMS), wealth management and relationship managers.

Zerodha is a leading discount broker that offers a fixed, flat-fee brokerage plan to its customers. It charges zero brokerage on equity delivery trades. The maximum brokerage charged is Rs. 20 per order across all trading segments, whereas the lowest brokerage charged is 0.03% of the trade value. Apart from paying the brokerage fee, a trader also needs to pay various other charges.

Click the link to read in detail about the different charges and Zerodha Review.

A Demat account is like a bank account, but instead of cash, it holds financial securities in an electronic form. In India, Demat accounts are maintained by two depository organisations, National Securities Depository Limited and Central Depository Services Limited. To trade (in stock, commodity or currency) or to invest (in stocks, mutual funds) with Zerodha, a customer has to open a trading account and a demat account.
The Demat account is one of the services provided by Zerodha. The Zerodha demat account also comes as part of a 2-in-1 account, which offers an integrated demat as well as trading account to the customer. Having one single, integrated account, facilitates a seamless, hasslefree transaction between the two accounts.

The margin trading offered by Zerodha allows the customers to trade in amounts more than they can afford. It helps them to trade many times over the funds available in their account.
Currently, Zerodha offers margin exposure only on intraday trades, and there is no margin trading facility on delivery trades.

Zerodha Account can be closed through the Console app using the following method:

• Login to Console Account.

• Go to the “Accounts” tab.

• Click on “Segments”.

• Scroll down and click on the “Close Account” button.

• Select the reason for account closing and click on the “Continue” button.

After this the user will have to e-sign a document, enter their Aadhar number and enter the OTP received on the Aadhar linked mobile number and confirm account closure.

Note: 

On following the above steps, users will be sent a confirmation mail to the email ID linked with Zerodha account.
Closure requests take upto 72 hours to process.

If the closure request is rejected for any reason, Kite and Console login access is restored.

Users can download the account closure form which can be filled, signed and submitted digitally.

Users can download the form( required details like (client id, mobile number, BO Id, etc), fill it manually and send it to Zerodha’s head office via post, registered post, speed post or courier.
Note:
Closed accounts cannot be reopened. Users must open a new account to resume trading with Zerodha.
Closure requests take upto 7-8 business days to process.

Yes, Zerodha Demat accounts are safe as all demat accounts are opened with Central Depository Services Limited(CDSL). Zerodha acts as only an intermediary between the customer and the central depository.

Zerodha account holders can withdraw money from the Kite Mobile app, Kite Web as well as the Console app using the following steps:

• Click on User Id at the bottom right corner(Kite Mobile app only).

• Go to “Funds”.

• Click on the “Withdraw” button.

• Enter the amount you wish to withdraw. And click on the “Proceed” button.

• Click the “Confirm” button to finish the withdrawal request.

Equity delivery and mutual funds are free in Zerodha but Intraday Equity trading and F&O trading are charged on a flat fee basis of ?20 per trade or 0.3%(whichever is lower).

Zerodha also charges an account opening fee, but only for its Trading Account. Demat account opening is free with Zerodha.

Zerodha also has brokerage-free transactions on equity delivery, but other charges like Securities Transaction Tax(STT), Exchange Turnover Charges, GST and other regulatory charges are still levied.

Yes, Zerodha provides both IPO and mutual fund services.

IPO services

Zerodha allows you to apply for IPOs online through its Kite platform. You can apply for IPOs using any UPI app. There are no charges to apply for IPOs through Zerodha.

Mutual fund services

Zerodha's mutual fund platform, Coin, allows you to invest in direct mutual funds for free. This means that you don't have to pay any commission to Zerodha for buying or selling direct mutual funds.

To invest in mutual funds through Coin, you will need to open a Zerodha demat account. Once your demat account is open, you can transfer funds from your bank account to Coin and start investing in mutual funds.

Zerodha also offers a variety of tools and resources to help you invest in mutual funds, including:

• A mutual fund screener to help you find the right mutual funds for your investment goals
• A portfolio tracker to track your mutual fund investments
• SIP calculators to help you plan your SIP investments
• Educational resources to help you learn more about mutual funds

Overall, Zerodha is a good option for investors who want to invest in IPOs and mutual funds. It offers a variety of services and features at competitive prices.

To transfer shares from another brokerage to Zerodha, you will need to follow these steps:

1. Obtain the Delivery Instruction Slip (DIS) from your existing broker. You can usually download the DIS form from your broker's website or request it from customer support.
2. Fill out the DIS form with the following information:
   • Your name and demat account number with your existing broker
   • Zerodha's demat account number (1234567890)
   • The ISIN codes and quantity of shares you want to transfer
3. Sign and submit the DIS form to your existing broker. You can usually submit the DIS form online, by email, or by mail.
4. Once your existing broker has received the DIS form, they will process the transfer request. The transfer process typically takes 2-3 working days.
5. Once the transfer is complete, you will receive a confirmation message from Zerodha. You can then view your transferred shares in your Zerodha demat account.

Here are some additional tips for transferring shares to Zerodha:

• Ensure that you have filled out the DIS form correctly and completely. Any errors may delay or prevent the transfer.
• Allow enough time for the transfer to be processed. The transfer process typically takes 2-3 working days, but it may take longer depending on your existing broker.
• Keep a copy of the DIS form for your records.
• Contact Zerodha customer support if you have any questions or problems with the transfer process.

Yes, Zerodha has a mobile app for trading called Kite. The Kite app is available for both Android and iOS devices. It is a fast and reliable trading platform that allows you to trade in stocks, futures, options, and currencies.

The Kite app offers a variety of features, including:

• Real-time market data
• Advanced charting tools
• Multiple order types
• Margin trading
• Stop-loss and take-profit orders
• Marketwatch
• Portfolio tracker
• News and research

To use the Kite app, you will need to open a Zerodha demat and trading account. Once your account is open, you can download the Kite app from the Google Play Store or the Apple App Store.

To log in to the Kite app, you will need to enter your Zerodha User ID and Password. You will also need to enter a one-time password (OTP) that will be sent to your mobile phone.

Once you are logged in, you can start trading by entering the name or symbol of the security you want to trade in the search bar. You can then select the order type and quantity of shares you want to trade and place your order.

The Kite app is a powerful trading platform that offers a variety of features and tools to help you trade successfully. It is a good option for both beginners and experienced traders.

Here are some additional tips for using the Kite app:

• Make sure you have a good internet connection before using the app.
• Use the marketwatch feature to track the securities you are interested in.
• Use the charting tools to analyze the price movement of securities.
• Use stop-loss and take-profit orders to manage your risk.
• Keep an eye on your portfolio to monitor your performance.

If you have any questions or problems using the Kite app, you can contact Zerodha customer support for assistance.

Yes, you can open a joint account with Zerodha. A joint account allows two or three people to hold a demat account and trade together. This can be useful for married couples, business partners, or parents who want to invest for their children.

To open a joint account with Zerodha, you will need to provide the following information:

• The names and PAN card numbers of all joint account holders
• The address and phone number of the primary account holder
• The bank account details of the primary account holder

You will also need to sign a joint account agreement.

Once your joint account is open, all joint account holders will have equal access to the account and can trade freely. However, only the primary account holder will be able to receive account statements and other communications from Zerodha.

Here are some of the benefits of opening a joint account with Zerodha:

• Convenience: All joint account holders can trade from the same account, which can make it easier to manage your investments.
• Tax benefits: If you are investing for your children, you can claim tax benefits on the investment returns.
• Succession planning: A joint account can make it easier to pass on your investments to your heirs after your death.

No, Zerodha does not have a minimum account balance requirement. You can open a trading account with Zerodha and fund it with any amount you want. However, there is a demat account annual maintenance charge (AMC) of Rs.300 per year. This is deducted from your trading account balance every quarter.

This means that you can start trading with Zerodha even if you have a small amount of money. This is a good option for beginners who are just starting out in the stock market.

Here are some tips for managing your account balance with Zerodha:

• Start with a small amount of money and gradually increase your investment as you gain experience.
• Only invest money that you can afford to lose.
• Use stop-loss orders to limit your losses.
• Monitor your portfolio regularly and make adjustments as needed.

If you have any questions about managing your account balance with Zerodha, please contact customer support.

Clients can call 080 4718 1888 or 080 4718 1999 Monday to Friday from 8:30 AM - 5:00 PM for assistance on-call or visit support.zerodha.com to learn FAQs and create a ticket for further assistance.

Zerodha does not provide research and advisory services. It is a discount broker, which means that it focuses on providing low-cost trading services. Zerodha believes that investors should do their own research and make their own investment decisions.

However, Zerodha does offer a variety of educational resources to help investors learn about the stock market and investing. These resources include:

• Varsity: An online learning platform that covers a wide range of topics related to the stock market and investing.
• Z-Connect: A community forum where investors can ask questions and share ideas.
• Trade school: A free online course that teaches the basics of trading.
• Zerodha blog: A blog that covers the latest news and trends in the stock market.

Yes, you can trade in commodities and currencies with Zerodha. Zerodha offers trading in a variety of commodities, including gold, silver, crude oil, and natural gas. It also offers trading in a variety of currencies, including the US dollar, the British pound, and the Japanese yen.

To trade in commodities and currencies with Zerodha, you will need to open a futures and options (F&O) segment in your trading account. You can do this by logging into your Zerodha Kite account and clicking on the "Account" tab. Then, click on "Segments" and select the "F&O" segment.

Once you have activated the F&O segment in your trading account, you will be able to trade in commodities and currencies. To do this, simply enter the symbol of the commodity or currency you want to trade in the search bar at the top of the Kite platform. Then, select the order type and quantity you want to trade and place your order.

Zerodha offers two trading platforms:

• Kite: Kite is Zerodha's flagship trading platform. It is a web-based platform that can be accessed from any device with an internet connection. Kite is known for its fast speed, user-friendly interface, and advanced charting tools.

• Kite Connect: Kite Connect is Zerodha's API-based trading platform. It allows developers to build their own trading applications using Zerodha's trading infrastructure. Kite Connect is used by a wide range of developers, including brokers, algo traders, and financial technology companies.

Zerodha offers a simple and transparent brokerage structure:

• Equity Delivery: Zero brokerage
• Equity Intraday, Futures, and Options: Flat Rs. 20 per executed order

This means that regardless of the size or value of your trade, you'll pay a maximum of Rs. 20 in brokerage.

Important Note: In addition to brokerage, you'll also need to pay other charges like taxes (STT, GST, etc.), stamp duty, and exchange transaction charges.

Zerodha is not entirely "brokerage-free". While it does offer zero brokerage for equity delivery trades, you'll still need to pay other charges like:

• Taxes: Securities Transaction Tax (STT), Goods and Services Tax (GST), etc.  
• Stamp duty: Varies by state
• Exchange transaction charges: Fees charged by the stock exchanges
• Demat account charges: Annual maintenance charges and transaction charges

No, Zerodha does not charge a monthly fee. However, it does charge an annual demat account maintenance charge (AMC) of Rs. 300 + 18% GST, which is typically deducted quarterly.

Zerodha has made online and offline account openings free for resident Indian accounts from 29th June 2024.

Zerodha charges a flat fee of Rs. 20 per executed order for equity options trading.

This is just the brokerage charge. You'll also need to pay other charges, such as taxes (STT, GST, etc.), stamp duty, and exchange transaction charges.

Zerodha is a popular online brokerage platform in India that offers a range of financial services, including stock trading, mutual fund investments, and more. It is known for its user-friendly interface, low brokerage fees, and a variety of tools and resources for traders and investors.  

Zerodha Kite is the flagship trading and investment platform offered by Zerodha. It provides a comprehensive suite of features for both beginners and experienced traders.

Yes, Zerodha Kite is free to use. You don't have to pay any subscription fee to access the platform and its features.

You can download the Zerodha Kite app from the Google Play Store or the Apple App Store.

Zerodha is a popular and well-regarded trading app in India. It offers several features that make it a good choice for many traders and investors:  

Pros:

• User-friendly interface: The app is easy to navigate, even for beginners.  
• Low brokerage fees: Zerodha offers low brokerage plans, making it cost-effective for frequent traders.
• Real-time market data: You get access to real-time stock prices and market news.  
• Advanced charting tools: The app provides various charting tools for technical analysis.  
• Multiple order types: You can place different order types like market, limit, stop-loss, etc.  
• Strong security: Zerodha has robust security measures to protect your investments.  
• Excellent customer support: Zerodha offers reliable customer support through various channels.  

Cons:

• Steep learning curve for advanced features: While the basic features are easy to use, advanced features may require some learning.
• Occasional technical glitches: Like any app, Zerodha might experience occasional technical issues.

Overall, Zerodha is a good app for trading, especially for beginners and those looking for a cost-effective option. However, it's important to do your own research and choose the app that best suits your trading style and needs.

To log in to Kite web, follow these steps:

1. Visit the Kite website: Open your web browser and go to https://kite.zerodha.com/.
2. Enter your login credentials:
   • Enter your Zerodha client ID or registered phone number in the first field.
   • Enter your password in the second field.
3. Click on "Login".
4. Enter the mobile app code: Open the Zerodha Kite mobile app and go to the "Profile" section. You'll find a 6-digit code displayed there. Enter this code on the Kite web login page.
5. Click on "Continue".

You should now be logged in to your Kite web account.

Zerodha used to have a desktop trading software called Pi, but it has been discontinued. Now, Zerodha primarily offers two platforms for trading:  

1. Kite: This is a web-based platform accessible through your browser. It's user-friendly and offers a wide range of features, including advanced charting tools, real-time market data, and various order types.  
2. Kite Mobile App: This is a mobile app available for both Android and iOS devices. It offers many of the same features as the web platform, making it convenient for trading on the go.

Zerodha is a privately held company and is not listed on any stock exchange. Therefore, it doesn't have a publicly traded share price.

Option premiums are calculated based on various factors, including the underlying asset's price, time to expiry, volatility, and interest rates. Zerodha does not charge any extra fees on top of the option premium.

Zerodha charges a flat fee per order for commodity trading. The exact fee depends on the type of commodity and the plan you've chosen.

Zerodha offers a flat pricing model where equity delivery is free, and intraday and F&O trades are charged at Rs. 20 or 0.03% per executed order, whichever is lower.

Zerodha follows a flat fee structure. For equity delivery, there is no brokerage fee. For intraday, futures, options, and commodities, a maximum of ?20 per order or 0.03% of the trade value is charged.

Zerodha charges Rs. 20 or 0.03% of the premium value per executed order, whichever is lower, for options trading.