Zerodha is India's No. 1 stockbroker. It is among the largest and most reputed brokers offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds.
This is a limited time offer. Open an instant Zerodha account online and start trading today.
Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and Futures, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. Further, for Options trades, it charges Flat Rs. 20 per executed order. That means with Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment).
Zerodha Review 2023
Zerodha is the best stock broker at this time. They offer an excellent online trading platform, charge a low brokerage fee, and is regarded as the most transparent stock broker. Continuous improvement and innovation made them the fastest-growing fintech company in India. Here are the key strengths of Zerodha:
- The largest stockbroker by active clients, market volume and new customer acquisition.
- One of the safest, most reliable & trustworthy brokers.
- Offers the most advanced online trading tools.
- Charges zero brokerage fees for Equity Delivery and Mutual Funds.
- The maximum brokerage charged is Rs 20 per trade. You save 60% to 90% on brokerage in comparison to traditional brokers.
- Offers up to 20x leverage on intraday trading.
- Offers Zero Commission Direct Mutual Funds.
- Suitable for all kinds of investors including active and passive investors, beginners, active traders and algo traders.
Zerodha is the most technologically advanced stock broker in India. It has built multiple trading software for its customers. These are: Zerodha Kite (web and mobile trading app), Coin (mutual fund investment platform), Varsity (investor education program), Trading Q&A and many other tools. Zerodha also offers Smallcase (thematic investment platform), Streak (algo & strategy platform), Sensibull (options trading platform), GoldenPi (bonds trading platform) and Ditto (insurance).
Zerodha is safe for investment because:
- Its ratio of complaints to active clients is among the least on the exchange.
- It is a zero-debt company.
- It doesn't offer Margin Funding.
- It doesn't keep client securities in the pooled account.
- It doesn't do proprietary Trading with client funds.
Zerodha Charges 2023
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.
- Stamp Duty: Eq Delivery - 0.015% (buy side), Eq Intraday - 0.003% (buy side)
Zerodha Hidden Charges
Zerodha brokerage hidden charges include call & trade charges, position squared-off by broker and SMS trade alerts as explained below:
- Call and Trade feature is available at an extra cost of Rs 50 per call.
- Additional charge of Rs 50 per executed order for MIS/BO/CO positions which are not squared off by the customer.
- Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at an additional charge of Rs 20 per contract. Courier charges are extra.
- Trade SMS alerts (optional) are charged at Rs 1 for Equity, F&O, and Currency trade alerts and Rs 0.50 for Commodity trade alerts.
- Instant payment gateway charges for over 22 banks: Rs 9 per fund transfer.
- DP charges for delivery-based equity selling: Rs 13.5 + GST per transaction.
Post a Comment