What is Zerodha?
Zerodha is a unique name which means “no barrier”. In India, it is coming up as a single largest discount broker with more than 6 lakh customers. It is not only the largest discount broker but also the 3rd largest brokerage houses in India after ICICI direct and HDFC securities.
Zerodha reviews 2018:
Zerodha offers an excellent customer support. It always delivers a unique, standard, and memorable experience to the customers. The queries of customers are mostly answered by the CEO of the company itself or by the experts in the related field. Opening an account with them is an easy and stress-free process. One of my personal experience with Zerodha is when I completed the online application within an hour a representative called me to welcome and answered all the queries I had. He also suggested me to refer z-connect, an interactive blog written by experts which is very detailed and simple to understand. It is a cool place for beginners to learn.
Support from Zerodha started with contextual ticket creation and intelligent search for the user, as a result, user don’t need to send queries to the support team. In order to resolve lots of issues in the first place, Zerodha has a rich library of support document. For the investors who want to know more about their transaction or order details the next level solution is Zerodha secure search in which user reached to account level he can create a support ticket for that particular transaction. With this new feature added to Zerodha support family, users can create a direct ticket on Zerodha support portal without sending emails to firstname.lastname@example.org.
New features in Zerodha:
Now with Zerodha, it is also possible to invest in mutual funds. Recently they have started facilitating traders to invest in mutual funds with Zerodha coin. When compared to the regular investment you can better return by investing in direct mutual funds with Zerodha. It is marked as the first broker in India to provide direct mutual fund investment facility to its customer. Zerodha does not have an investment option for IPO, FPO, and OFS which is much standard with all the discount share brokers.
Zerodha NRI account:
NRI can trade with Zerodha at an amount of Rs.200 per trade or 0.1% whichever is lower. NRI with NRO account can open trading and demat account just like India residents. They can trade in derivatives (F&O), equity delivery, investment in mutual funds, currency futures/exchange-traded options market, and an IPO. In order to open an account NRI s who are NRO account holders, PIO or OCI cardholders need a copy of passport, PAN card, visa document, address proof India, address proof overseas, and photograph.
Zerodha Product and services:
Earlier, for demat zero was having a tie-up with ILFS but now they have their own DB service. If you open a demat account with zerodha then transfer between trading account and the demat account is seamless. With this, you can trade on F&O, equity, commodity, and currency on NSE, MCX, BSE, and MCX-SX and invest in mutual funds. Zerodha has branches in more than 40 cities of India other than Bangalore main office.
Being a discount share broker, our expectation from Zerodha was to charge minimum share brokerage for trading, that comes true by paying Rs.20 or 0.01% per executed order whichever is minimum for an option, F&O, currency trading, and commodity. They also made trading in equity delivery completely free. As Zerodha is not a 3 in 1 brokerage, some initial work is to be done to set up the bank account.
2018 Zerodha brokerage calculator
Zerodha brokerage calculator is specially designed for investors and traders in India share market. Use Zerodha brokerage calculator for effective calculation of brokerage, taxes, breakeven point in a trade, ST and total profit and loss. It is provided with an aim to help customers accurately estimate equity delivery, intraday, future, and currency derivatives trading costs before placing a trade. It is good and effective for the comparison of brokerages that different brokers charge and sort out who is the lowest in the market.
You can calculate brokerage for the following components:
- Zerodha equity delivery brokerage calculator
- Zerodha equity intraday brokerage calculator
- Zerodha equity future brokerage calculator
- Zerodha equity options brokerage calculator
- Zerodha currency options calculator
- Zerodha currency future calculator
To start using share market brokerage calculator, input your buy price, sell price, sale price, state, quantity, and segment. Then the calculator will automatically calculate the brokerage and other charges like turnover, STT, charges, exchange transaction charges, professional clearing member fee, SEBI, and GST using default brokerage percentage/ standard plan. You can also flexible brokerage field if you differing brokerage percentage than standard. All our calculation is based on NSE only.
A special feature called flexible brokerage is included. So in case if you are trading with any sub-broker who offered you a special plan with a flexible brokerage you can use this tool to calculate the brokerage. In fact, franchise or sub-brokerage calculator helps in getting 99% accurate brokerage. So you can match your contract note with 100% accuracy.