Zerodha is a leading stockbroker in India known for its online flat fee discount brokerage services. It offers a range of investment options, including equity, currency, commodity, IPO, futures & options, bonds, government securities, and direct mutual funds. Here is an overview of Zerodha’s features, charges, and reviews in 2023:
- Trading Platforms: Zerodha offers multiple trading software for its customers, including Zerodha Kite (web and mobile trading app), Coin (mutual fund investment platform), Varsity (investor education program), Trading Q&A, and more. It also provides access to partner platforms like Smallcase, Streak, Sensibull, GoldenPi, and Ditto.
- Special Offer: Zerodha’s special offer includes brokerage-free equity delivery trades and direct mutual fund investments, along with a flat Rs 20 per trade for intraday and futures. It emphasizes providing a commission-free trading experience.
- Margin Exposure: Zerodha provides margin exposure of up to 20% of trade value for intraday trading, with a maximum leverage of 5x. The margin for F&O trading is 1.3x across equity, currency, and commodity segments.
- Pros: Zerodha’s strengths include being the largest stockbroker in India, offering advanced online trading tools, charging zero brokerage for equity delivery and mutual funds, and providing up to 20x leverage on intraday trading. It caters to various types of investors, including beginners and active traders.
- Cons: Zerodha’s limitations include not providing stock tips or research reports, additional charges for certain services like call & trade, and the absence of a 3-in-1 trading account that combines banking services.
- Ratings and Complaints: Zerodha has received positive ratings from customers, with an overall rating of 3.7/5. It has a low complaint percentage compared to its large customer base, indicating customer satisfaction with its services.
- Zerodha Pin Codes: Zerodha customers receive three different pin numbers for login, telephone communication, and demat sell transactions.
Zerodha Account Opening Charges #
Zerodha account opening charges are Rs 200 for online account opening. If you choose to open an account offline, you will be charged Rs 400. The demat account AMC is Rs 300 per year.
Transaction Charges Trading & Demat Account Opening Rs 200 Trading Account AMC Rs 0 Demat Account AMC Rs 300 per year Zerodha Brokerage Charges 2023 #
Zerodha follows a fixed brokerage model wherein it charges a flat Rs 20 or 0.03% (whichever is lower) per executed order. It charges zero brokerage on equity delivery. The maximum brokerage chargeable per order is Rs 20.
Trading Segment Brokerage Charges Equity Delivery Rs 0 (Free) Equity Intraday Flat Rs 20 or 0.03% (whichever is lower) per executed order Equity Future Flat Rs 20 or 0.03% (whichever is lower) per executed order Equity Options Flat Rs 20 per executed order (on Turnover) Currency Futures Flat Rs 20 or 0.03% (whichever is lower) per executed order Currency Options Flat Rs 20 or 0.03% (whichever is lower) per executed order Commodity Flat Rs 20 or 0.03% (whichever is lower) per executed order Mutual Fund Rs 0 (Free Unlimited Direct MF) Zerodha Equity Charges #
Zerodha charges Rs 0 (no brokerage) for equity delivery trades. For intraday trading, they charge flat Rs 20 per executed order or 0.03% (whichever is lower) on both sides.
Charge Type Equity Delivery Equity Intraday Brokerage Rs 0 (No Brokerage) Flat Rs 20 or 0.03% (whichever is lower) Securities Transaction Tax (STT) 0.1% on both Buy and Sell 0.025% on the Sell Side Transaction / Turnover Charges NSE: 0.00325% | BSE: 0.00375% per trade (each side) NSE: 0.00325% | BSE: 0.00375% per trade (each side) Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge) SEBI Charges 0.0001% (Rs 10/Crore) 0.0001% (Rs 10/Crore) Stamp Charges 0.015% (Rs 1500 per crore) on buy-side 0.003% (Rs 300 per crore) on buy-side Zerodha F&O Charges #
Zerodha Futures brokerage charge is flat Rs 20 per executed order or 0.03% (whichever is lower). Options charges are flat Rs 20 per executed order. You also have to pay taxes like STT, Transaction Fee, GST, SEBI charges, and Stamp Duty.
Charge Type Equity Futures Equity Options Brokerage Flat Rs 20 or 0.03% (whichever is lower) Flat Rs 20 Securities Transaction Tax (STT) 0.0125% on the sell side 0.0625% on sell side (on premium) Transaction / Turnover Charges NSE: 0.0019% (each side) NSE 0.05% (each side) (on premium) Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge) SEBI Charges 0.0001% (Rs 10/Crore) 0.0001% (Rs 10/Crore) Stamp Charges 0.002% (Rs 200 per crore) on buy-side 0.003% (Rs 300 per crore) on buy-side Zerodha Currency Charges #
Zerodha currency futures brokerage charge is flat Rs. 20 per executed order or 0.03% (whichever is lower) and currency options charges are flat Rs. 20 per executed order. In addition to brokerage, the customer has to pay taxes like STT, Transaction Fee, GST, SEBI charges, and Stamp Duty.
Charge Type Currency Futures Currency Options Brokerage Flat Rs 20 or 0.03% (whichever is lower) Flat Rs 20 Securities Transaction Tax (STT) No STT No STT Transaction / Turnover Charges NSE: 0.0009% | BSE: 0.00025% NSE: 0.035% | BSE: 0.001% (on premium) Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge) SEBI Charges 0.0001% (Rs 10/Crore) 0.0001% (Rs 10/Crore) Stamp Charges 0.0001% (Rs 10 per crore) on buy-side 0.0001% (Rs 10 per crore) on buy-side Zerodha Commodities Charges #
Zerodha commodity futures brokerage charge is flat Rs 20 or 0.03% (whichever is lower) per executed order. Commodity Options brokerage charge is flat Rs. 20 per executed order. Along with this, customers have to pay taxes like STT, Transaction Fee, GST, SEBI charges, and Stamp Duty.
Charge Type Commodity Futures Commodity Options Brokerage Flat Rs 20 or 0.03% (whichever is lower) Flat Rs 20 Securities Transaction Tax (STT) 0.01% on sell side (Non-Agri) 0.05% on sell side Transaction / Turnover Charges Group A: Exchange txn charge: 0.0026%
Group B: Exchange txn charge: Pepper – 0.00005%, Castorseed – 0.0005%, Rbdpmolein – 0.001%Rs 0 Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge) SEBI Charges Agri: 0.00001% (Rs 1/Crore) | Non-agri: 0.0001% (Rs 10/Crore) 0.0001% (Rs 10/Crore) Stamp Charges 0.002% (Rs 200 per crore) on buy-side 0.003% (Rs 300 per crore) on buy-side Note: SEBI charges for Agri products is 0.00001% (Rs 1/Crore).
Zerodha Fee Structure #
- Securities Transaction Tax (STT): This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
- Transaction Charges (Exchnage Turnover Charges): This fee charged by the stock exchanges for using their trading platform.
- Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus SEBI charges and transaction charges.
- SEBI Charges: This is charged at Rs 10 per Crore.
Zerodha Margin Exposure #
Zerodha margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Zerodha F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Zerodha F&O carry forward positions and equity delivery trades.
Segment Margin Leverage Equity Delivery 100% of trade value 1x Equity Intraday Up to 20% of trade value 5x F&O (Equity, Currency and Commodities) 100% of NRML margin (Span + Exposure) 1x
It’s important to note that the information provided here is based on the available details up to 2023. For the most up-to-date and accurate information, it’s recommended to visit Zerodha’s official website or contact their customer support.
Frequently Asked Questions (FAQs) #
1. What are the brokerage charges for Zerodha? #
Zerodha charges a flat Rs 20 per trade for intraday and futures, or 0.03% of the transaction value, whichever is lower. For equity delivery trades and direct mutual funds, there is no brokerage charge.
2. What are the account maintenance fees for Zerodha? #
There are no account maintenance fees for Zerodha.
3. What are the website usability and research capabilities of Zerodha? #
Zerodha’s website is easy to use and navigate. The research capabilities are also good, with access to a variety of tools and resources. The website is well-designed and easy to use, even for beginners. The research tools are also comprehensive and up-to-date.
4. What is the customer service of Zerodha like? #
Zerodha’s customer service is generally considered to be good. However, some users have reported that it can be difficult to get in touch with a customer service representative.
5. What is the overall experience of using Zerodha? #
The overall experience of using Zerodha is generally positive. However, some users have found that the platform can be a bit slow at times.
6. Is Zerodha a good stockbroker for beginners? #
Yes, Zerodha is a good stockbroker for beginners. The platform is easy to use and the brokerage charges are low.
7. What are the pros and cons of Zerodha? #
Some of the pros of Zerodha include low brokerage charges, a user-friendly platform, and access to a variety of research tools. Some of the cons of Zerodha include slow performance at times and limited customer support options.
8. What are the alternatives to Zerodha? #
Some of the alternatives to Zerodha include Upstox, Groww, and Angel Broking.
9. How do I open a Zerodha account? #
To open a Zerodha account, you can visit the Zerodha website and follow the instructions. You will need to provide some basic information, such as your name, address, and PAN number.
10. What are the documents required to open a Zerodha account? #
The documents required to open a Zerodha account include a copy of your PAN card, a recent passport-size photograph, and a cancelled cheque.
