Zerodha Review 2024
A stock trading and investment platform that has been gaining popularity in India are Zerodha. In this Zerodha review, we will take a look at the features and benefits of this online broker to help you decide if it is the right choice for you.
Zerodha is an Indian financial services company that offers investment and trading services. It was founded in 2010 by Nithin Kamath. The company is headquartered in Bangalore, India.
Table of Content
Zerodha Account Opening Charges
When you open a Zerodha account online, you have to pay Rs. 200. If you want to open an account in person, it will cost you Rs. 400. The annual fee for a Demat account is Rs. 300.
AMC of Rs. 300 will be charged on a quarterly basis.
Zerodha Account Opening Process
How to sign up for an online Zerodha account:
- Visit Zerodha.com
- On the right side of the top menu, click the “Sign Up” button.
- Type in your phone number.
- Type in the OTP you got on your phone
- To open Zerodha Demat and trading account, you need to submit the following documents:
- PAN Card
- Aadhar Card
- Bank account statement or passbook
- Canceled cheque
- Income tax return or Form 16
- Address proof (utility bill, rent agreement, etc.)
HUF, NRI, Corporate, and partnership accounts can’t be opened online.
To open an online account, you need a phone number that is linked to your Aadhaar card. If your mobile number isn’t linked to your Aadhaar, you’ll have to open an account offline.
Zerodha brokerage charges and pricing plans
Zerodha is a top stockbroker in India that offers brokerage-free equity investments and a flat fee per trade of Rs 20 for equity delivery trades and Rs 20 or 0.03% (whichever is lower) for other trades across all segments including intraday, F&O, commodities, and currency. This discount broker also provides innovative Kite web and mobile trading platforms. Zerodha charges no hidden fees or commissions of any kind. So, what’s the catch?
If you’re looking for an online broker that’s heavy on technology and low on cost, Zerodha is tough to beat.
Zerodha trading platforms
Zerodha offers three trading platforms – the Zerodha mobile app, the Kite web, and the Zerodha API. All three platforms are well-designed and offer different features.
The Zerodha mobile app is a great platform for those who want to trade on the go. The app is available for both Android and iOS devices. The app is well-designed and offers all the features that a trader needs.
The Kite web is a great platform for those who want to trade on their desktops. The platform is well-designed and offers all the features that a trader needs.
The Zerodha API is a great platform for those who want to develop their own trading algorithms. The API is well-documented and offers all the features that a trader needs.
Zerodha Console
Using Zerodha Console, customers can see their trade profit and loss statements, capital gain tax reports, and referral details. They can also apply for IPO and update their account details.
Profit and loss statements give Zerodha customers an overview of their gains and losses from their trades. The capital gain tax report is used to calculate the taxes owed on any profits made from trading. Referral details show how much money a customer has earned from referrals.
Applying for IPO allows Zerodha customers to buy shares in a new company that is going public. Updating account details lets customers change their personal information, such as their address or phone number.
You can also download contract notes using Zerodha Console. This is a very useful feature if you want to keep a track of your trading activity or share it with your advisor.
In addition to being able to download contract notes, Zerodha Console also allows you to view your trading activity in a visual format. This can be helpful if you want to see your overall trading activity or identify patterns.
Zerodha customer service
Zerodha is an online stock and investment broker based in India. They offer trading in a variety of financial instruments including stocks, mutual funds, futures, options, currencies, and commodities. Zerodha is one of the most popular brokerages in India and has a customer base of over 1 crore.
Zerodha’s customer service can be reached via phone, email, or live chat. They have a team of over 200 customer service representatives who are fluent in English and Hindi. Zerodha’s customer service has been praised for its speed, efficiency, and knowledge.
Zerodha’s research and analysis tools
Zerodha’s research and analysis tools are top-notch. The company has integration with ticker tape which cover all aspects of the markets, including fundamental analysis, technical analysis, and price action.
One of the most unique and useful features of Zerodha’s research is the “Streak Back Test.” This tool allows you to test your trading strategies against historical data to see how they would have performed.
The company also has a partnership with ChartIQ, which provides excellent charting tools for Zerodha’s clients. TradingView is another partner, and its platform is integrated into Zerodha’s web interface. This gives Zerodha clients access to one of the best stock market analysis platforms in the world.
Zerodha’s technical analysis tools are second to none. The company has developed its own set of indicators and overlays that can be used to identify potential trading opportunities. These tools are available on both the web platform and mobile apps.
One of the most useful features of Zerodha’s platform is the ability to set price alerts. You can add a price alert for any stock or index, and you will be notified via email or push notification when the price reaches your target level.
Zerodha Coin
You can invest in commission-free direct mutual fund schemes across 40 fund houses using Zerodha Coin. Over 2.5 lakh investors have already invested over 4500 crores using Zerodha Coin. With Zerodha Coin you can create, pause, and modify your SIPs anytime you want, instantly and hassle-free. While Zerodha Coin offers a convenient way to invest in mutual funds, there are a few things to keep in mind before investing.
Here are a few things to keep in mind before investing using Zerodha Coin:
1. Zerodha Coin does not offer investment advice or recommendations. While the platform provides information and tools to help you make your own investment decisions, it is up to you to research and select the mutual fund schemes that are right for you.
2. Zerodha Coin charges an annual fee of Rs. 300 + GST for each mutual fund scheme that you invest in. This fee is regardless of the size of your investment or the performance of the fund.
3. While Zerodha Coin is a convenient platform to invest in mutual funds, it is not the only option available. There are a number of other online and offline platforms that offer similar services. Be sure to compare different options before investing. Investing in mutual funds can be a great way to grow your money over the long term. However, it is important to keep in mind that there are risks involved. Be sure to research the mutual fund schemes you are considering investing in, and understand the fees charged by different platforms before making your decision.
Zerodha and Smallcase
A smallcase is a basket of exchange-traded securities (like stocks & ETFs) to reflect a certain objective (ideas, themes, strategies). A smallcase has a minimum of 2 securities and a maximum of 50 securities. The Zerodha and Smallcase integration is a boon for investors as it allows them to invest in a basket of stocks seamlessly.
Some of the advantages of investing in a smallcase are:
1) Diversification: Smallcases offer investors an opportunity to diversify their portfolios across sectors and themes.
2) Professional management: Smallcases are managed by professional money managers with a deep understanding of the markets.
3) Low costs: Smallcases have lower costs as compared to traditional mutual fund schemes.
4) Transparency: Smallcases offer complete transparency to investors in terms of the constituents and performance.
5) Flexibility: Investors can choose to invest in a smallcase for a short-term or a long-term duration as per their investment horizon.
The Zerodha and Smallcase integration is a win-win for both the companies as well as the investors. This partnership will help Zerodha to scale up its offerings and attract more investors. Similarly, Smallcase will benefit from Zerodha’s large customer base and strong brand equity.
Zerodha and Streak Integration
Streak is a platform for retail traders that requires no coding skills, perfect for beginners and advanced technical traders alike. Streak provides all the features you need to trade live in the stock market, including creating, backtesting, and deploying trading strategies. Zerodha, one of the largest stockbrokers in India with over 1 crore clients, has now integrated Streak into its Kite web and mobile platforms.
This is a huge win for DIY (Do-It-Yourself) traders in India as they can now use Streak to trade without any hassles. While Zerodha is known for its discount brokerage model, Streak is a technology company that provides innovative trading solutions. The two companies have come together to provide Zerodha’s clients with the best possible trading experience.
Zerodha and Tickertape integration
Tickertape is a content and information platform for stocks, ETFs, Mutual Funds, and other investment instruments. Tickertape offers various services like a stock screener – a tool to screen stocks based on various fundamental and technical parameters, Market Mood Index – a sentiment indicator of the Indian stock market, Learn – a portal to learning basic financial and economic terms, etc.
Tickertape and Zerodha have recently announced their integration which will offer Zerodha customers various features like live streaming of Tickertape’s content on Zerodha’s desktop and mobile platforms, the ability to view and track portfolios, and more.
This integration will be beneficial for both Zerodha and Tickertape customers as they will now have access to a wider range of features and services.
Zerodha pros and cons
Zerodha is one of the most popular stock trading platforms in India. It offers a wide range of features and tools, making it a great choice for both beginners and experienced investors. However, like any platform, it has its pros and cons that you should be aware of before you decide to use it.
Zerodha Pros:
- It is a very user-friendly platform with a simple and intuitive interface.
- It offers a wide range of features, tools, and resources that can be very helpful for both beginners and experienced investors.
- It is one of India’s most affordable stock trading platforms, with very low brokerage fees.
Zerodha Cons:
- Some users have complained about the customer support service.
- The platform does not offer any type of research or analysis tools.
Zerodha Customer Reviews
Zerodha’s customer reviews on different platforms are very impressive. On TrustPilot, it has an excellent 4.7/5 rating with more than 12 thousand reviews. The company shines in all the key areas such as ease of use, customer service, fees, and platform & tools.
The mobile app ratings on Google Play Store and Apple App Store are also very good. Zerodha Kite has a rating of 4.6 on the former and 4.8 on the latter.
Final thoughts on Zerodha
As one of the most popular online stockbrokers in India, Zerodha is an extremely well-known company that offers a wide range of products and services, as well as free equity trading platforms like Kite Web, Kite Mobile, and Zerodha PI.
Zerodha Pi is a great platform for experienced investors who are looking for a free, no-frills stock trading experience. However, Zerodha does have some drawbacks. For example, they don’t offer any research or investment advice, and their customer service is not available 24/7.
Overall, Zerodha is a good choice for experienced investors as well as new entrants in the share market who are looking for a cheap and easy way to trade stocks online.
Frequently Asked Questions about Zerodha
Q: Is Zerodha really free?
A: Yes, Zerodha is absolutely free for delivery-based trades. There are no hidden charges or fees. But there is a fixed charge of Rs. 20 or 0.003 for intraday trades.
Q: How do I open a Zerodha account?
A: You can open an account with Zerodha by visiting their website and filling out the online form. Once you have submitted the form, you will need to upload some documents and wait for your account to be approved.
What are the documents required to open a Demat and trading account with Zerodha? To open Zerodha Demat and trading account, you need to submit the following documents:
– PAN Card
– Aadhar Card
– Bank account statement or passbook
– Cancelled cheque
– Income tax return or Form 16
– Address proof (utility bill, rent agreement, etc.)
Once you’ve submitted the required documents, Zerodha will review them and approve your account.
Q: What documents do I need to open an account with Zerodha?
A: In order to open an account with Zerodha, you will need to provide them with your PAN card, bank statements, and a canceled cheque leaf.
Additional Resources for Zerodha
In addition to the wealth of information available on the Zerodha website, there are a few other great resources that can help you learn more about this online broker. The Zerodha Varsity is a great place to start, as it offers a wide range of educational materials on a variety of topics related to trading and investing.
For those who prefer a more hands-on learning approach, the Zerodha YouTube channel features a number of helpful tutorial videos. These videos cover topics such as how to place an order, how to use the different tools available on the platform, and much more.
Whether you’re just getting started with trading or you’re looking to brush up on your skills, these additional resources from Zerodha can help you get the most out of your experience with this online broker.
