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Zerodha is India’s most popular discount brokerage firm based in Bangalore. Mr. Nitin Kamath founded it in 2010. Lately, it has taken the lead as the largest stock brokerage firm in India based on its client base and daily turnover.
Currently, Zerodha is the No. 1 stockbroker in India by the customer base and growth. As of Dec 2023, they have approx 65 lakh active customers at NSE. Zerodha contributes to over 15% of retail trading volumes over NSE.
Zerodha is a member of NSE, BSE, MCX, and CDSL. It provides trading services in Equities, Derivatives, Currency, and Commodities. The company provides Demat services through CDSL. It also provides investment services in Mutual Funds.
Zerodha charges a brokerage of 0.03% on turnover or Rs 20 per order executed, whichever is lower, no matter the number of shares or prices. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an executed order. Zerodha does not charge brokerage for equity delivery or direct mutual funds.
Zerodha provides an intraday margin up to 20 times. For delivery, they do not provide any exposure.
Zerodha provides multiple products to customers. The company provides Zerodha Kite for trading, available in web and mobile app format. Zerodha console is a back-office tool provided by the company. Zerodha Coin is a Mutual Funds investment platform. Zerodha Varsity is an educational program with a collection of stock market lessons. And Zerodha Sentinel is a tool to create powerful market alerts.
Apart from the above tools, Zerodha provides Trading Q&A to discuss all the stock market queries. Zerodha also provides partner products, which are Smallcase, Streak, Sensibull, and GoldenPi.
Zerodha brokerage charges are incredibly straightforward and very simple to understand. Zerodha charges brokerage of 0.03% on turnover or Rs 20 per executed order, whichever is lower, irrespective of trade quantity or trade value. The clients who moved to Zerodha have reported 80% to 90% savings in brokerage in comparison to full-service brokers.
Segment | Zerodha Brokerage Charges |
Equity Intraday | 0.03% or Rs 20 per executed order whichever is lower |
Equity Delivery | Zero Brokerage |
Equity Futures | 0.03% or Rs 20 per executed order whichever is lower |
Equity Options | Flat Rs 20 per exceuted order |
Currency Futures | 0.03% or Rs 20 per executed order whichever is lower |
Currency Options | 0.03% or Rs 20 per executed order whichever is lower |
Commodity Futures | 0.03% or Rs 20 per executed order whichever is lower |
Commodity Options | 0.03% or Rs 20 per executed order whichever is lower |
Zerodha Charges | Equity Intraday | Equity Delivery | Equity Futures | Equity Options |
STT | 0.025% on the sell side | 0.1% on buy & sell | 0.01% on sell side | 0.05% on sell side (on premium) |
Transaction Charges | NSE: 0.00345% | NSE: 0.00345% | NSE: 0.002% | NSE: 0.053% (on premium) |
GST | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
Sebi Fee | ₹5 / crore | ₹5 / crore | ₹5 / crore | ₹5 / crore |
Stamp Duty | 0.003% or ₹300 / crore on buy side | 0.003% or ₹300 / crore on buy side | 0.002% or ₹200 / crore on buy side | 0.003% or ₹300 / crore on buy side |
Zerodha Charges | Currency Futures | Currency Options | Commodity Futures | Commodity Options |
STT / CTT | No STT | No STT | 0.01% on sell side (Non-Agri) | 0.05% on sell side |
Transaction Charges | NSE: 0.0009% | NSE: 0.035% | 0.0026% | 0 |
GST | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
Sebi Fee | ₹5 / crore | ₹5 / crore | ₹5 / crore | ₹5 / crore |
Stamp Duty | 0.0001% or ₹10 / crore on buy side | 0.0001% or ₹10 / crore on buy side | 0.002% or ₹200 / crore on buy side | 0.003% or ₹300 / crore on buy side |
Zerodha provides margins up to 20 times for intraday trades. They does not provide margin for delivery trades or overnight positions. Zerodha margin varies for different segments.
With the Zerodha margin, customers can trade large amounts even for less money in their trading account. Clients can check margin limits before trade on Zerodha margin calculator which is available on Zerodha website.
Segment | Zerodha Leverage /Margins | ||
MIS | C/O | Overnight | |
Equity | Up to 10X (52% of the VaR+ELM+Adhoc mandated by the exchange) | Up to 20X (30% of the VaR+ELM+Adhoc mandated by the exchange) | 1X |
Index F&O | 2X (52% of SPAN + Exposure) | 2X (52% of NRML margins) | 1X |
Stock F&O | 2X (52% of SPAN + Exposure) | 2X (52% of NRML margins) | 1X |
Currency Futures | 2X (52% of NRML margins) | 2X (52% of NRML margins) | 1X |
Commodity Futures | 2X (52% of NRML margins) | 2X (52% of NRML margins) | 1X |
Zerodha account opening is available both, Online and Offline. The online account process is very easy and can be completed within 20 minutes. For an online account opening a mobile number linked with Aadhar is a must. In the offline process, clients can download and send a physical copy of the form with the required documents to Zerodha corporate office in Bangalore.
Type of account | Trading And Demat (Without Commodity) | Trading And Demat (With Commodity) |
Online account | Rs 200 | Rs 300 |
Offline account | Rs 400 | Rs 600 |
NRI account (offline only) | Rs 500 | N/A |
Note: AMC charges of Rs 300 + GST per year are applicable at Zerodha.
Zerodha provides Kite trading platforms to customers. Kite is a simple to use but very powerful trading platform developed by Zerodha. It is available on the web and mobile app. Over 2 million clients use it every day.
Web-based trading platform.
Works on very low bandwidth.
Offers 100+ technical indicators.
Offers 6 different types of charts.
Provides 20 drawing tools.
Provides pay-in and payout facility.
Intraday data from 2014.
Daily charts for over 7 years
Available in Android and iOS.
Trade Equities, F&O, Commodities, Currency.
Multiple market watch and live market depths.
Live streaming data.
Advanced chart with 100+ indicators.
Historical chart data.
TradingView charts along with ChartIQ on both web and mobile
Console is a back-office platform of Zerodha. It is a central dashboard for Zerodha clients to view and analyze their trades and investments. Clients can check various reports in Zerodha Console. Here clients can download their daily contract notes. With the help of Console, clients can place withdrawal requests. Also, clients can apply for IPO using Console Zerodha.
Zerodha Coin is Zerodha’s Mutual Fund investment platform. With Coin, clients can buy direct mutual funds and save commissions that they would have otherwise paid a regular mutual fund platform. Mutual funds purchased through Coin are kept in Zerodha’s Demat account.
Zerodha Sentinel is a cloud-based free price alert tool. It allows clients to set powerful alerts for stocks, futures and options. Clients get notifications on Kite web, mobile and email at the time of price alert trigger. There are 20+ data points to set alerts on in Sentinel. Clients can set price alerts on 80,000 stocks, derivatives and bonds etc.
Zerodha Varsity is an investor education program with a large collection of stock market lessons by Zerodha. It is free to access and available on the Zerodha website. It is also available in mobile app format for Android and iOS devices. Zerodha Varsity has 12 modules in which it covers technical analysis, fundamental analysis, Options approaches and Futures trading etc.
Apart from the above products, Zerodha also offers partner products that can be integrated with Zerodha Kite.
Smallcase is a thematic investing product where investors can invest in readymade portfolios. This portfolio consists of predefined Stocks and ETFs. Smallcase portfolio represents certain objectives such as ideas, themes, strategies. It includes at least 2 and up to 50 securities.
Streak is a cloud-based platform where traders can write algorithms and do backtesting without coding. With Streak, clients can track the real-time market, get actionable alerts, and manage positions.
Sensibull is an options trading platform that offers everything from simple options trading for beginners to powerful trading tools for pro traders. It suggests options strategies to traders on their market views. Secure trading, accessible and profitable are the goals of Sensible
GoldenPi is a trading platform to trade online bonds and debentures. It does not charge any fees to clients. Clients can invest in bonds through GoldenPi with a minimum amount of Rs 10000. It is an automated trading platform that provides live updates on new investment options. It redirects incoming interest payments directly to your A/C. It also provides personal assistance.
Zerodha is an online trading platform that allows users to invest in stocks, mutual funds, and other financial products. It has gained popularity among investors due to its low fees and user-friendly interface.
Overall, Zerodha has received positive reviews from many users, and it is a reliable and cost-effective option for those who want to invest in the stock market.
That’s it for the Zerodha review, please leave a comment if you have any queries.
1 thought on “Zerodha Review”
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