Zerodha

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Zerodha. The boom of the stock market has been skyrocketing since the 2000s. Imagine a player coming in and letting the traders trade barrier-free. Yes! That has been a reality with Zerodha since 2010 when it was founded by brothers Nithin and Nikhil Kamath. Headquartered in Bengaluru, Zerodha is a financial service company that is registered with the Securities & Exchange Board of India (SEBI) and a member of NSE,BSE and MCX-SX, built to provide brokerage facilities to the stock market traders. All in all, Zerodha is an online discount broking company that aims to lower the costs for their clients, something that is crucial in deciding the long-term profitability of the trader trading in the stock markets of the country. Read about Zerodha's Business Model, Revenue, Profit, Competitors, Founders, Growth, and more, in the article ahead. Zerodha - Company Highlights Company Name Zerodha Headquarters Industry Finance, Stock Exchange Founders Nithin Kamath, Nikhil Kamath Revenue $606.91 million (Rs 4,964 crore in FY22) Profit $255.98 million (Rs 2,094 crores in FY21) Funding Bootstrapped Valuation $2 Billion+ Founded 2010 Website zerodha.com Zerodha - About and How Does It Work? Zerodha Trading Tutorial for Beginners A Bangalore-based fintech/financial services company, Zerodha offers retail stock brokerage fac...

“Last two years have been an outlier for trading companies. Trading volumes have peaked, but this is a very cyclical business,” he added. Zerodha had reported overall revenues of Rs 2,729 crore in FY21, up from Rs 938.5 crore in the previous year, while its profit jumped 164% at Rs 1,122 crore from Rs 424 crore in FY20, as per the company's public filings. However, Kamath said the company is bracing itself for a downturn with the slowdown in public markets. "We might probably see growth slowing down in the next 3-6 months. I don't see any companies going for an IPO in the next 3-6 months too, maybe apart from the LIC IPO,” he said. New order system in progress In a bid to remove its reliance on legacy systems, Zerodha said it is presently working to develop an in-house order management system (OMS), which is expected to be rolled out during the start of next year. Zerodha currently leverages third-party order management systems (OMS) such as Refinitive, with the move in line to have more control over the overall customer experience. “We are right now working on replacing that (OMS tieup) so as to be in full control of our product as front end innovations make no sense if we don't own the OMS,” Kamath said. Zerodha had faced “We have come a long way and we don't want to be branded as a company that had a glitch once,” Kamath said. He said the platform will also work more on its ‘nudge’ feature, which helps traders on the platform make more informed decisions about their inv...

The online registration process is applicable only for individual account holders. Non-individual account holders should courier the physical copy of the easiest registration form that is generated once the registration process is completed to To register for CDSL Easiest, follow these steps: • Visit web.cdslindia.com/myeasitoken/home/login. • Demat details: Enter the 8-digit DP ID followed by the 8-digit demat client ID or BO ID and click on Continue. To know the DP ID and the BO ID login to console.zerodha.com/account/demat or see • OTP: Enter OTP received on the registered mobile number and click on Continue. • Account details: In the account details section, enter the preferred username, answer the security question, select the Trusted Account checkbox and click on Continue. There are two Account type: Trusted account transfer: Trusted accounts are those demat accounts where a client wants to transfer their securities through easiest. Trusted account transfer permits the transfer of securities from one client to another. Account holders (Beneficiary Owners) can transfer the securities to four CDSL demat accounts of their own choice, which have been added as trusted accounts. Transactions through the trusted account option can be set up and have to be approved by an additional PIN, which will be emailed to the BO separately. If the BO opts for the trusted account option, they will receive two separate emails with two separate passwords, one for accessing the easiest log...

Zerodha is among the largest discount brokers in India. It offers a wide range of products and provides free equity delivery. Zerodha is a great choice for beginner investors because of its easy-to-use trading platforms. However, Zerodha is only available for Indian residents and covers only the Indian market; plus, it takes quite a long time and some actual paperwork to open an account. 🗺️ Country of regulation India 💰 Trading fees class Low 💰 Inactivity fee charged No 💰 Withdrawal fee amount $0 💰 Minimum deposit 🕖 Time to open an account >3 days 💳 Deposit with bank card Not available 👛 With electronic wallet Available 💱 Number of base currencies 1 🎮 Demo account provided No 🛍️ Products offered Stock, ETF, Forex, Fund, Bond, Options, Futures Zerodha fees snapshot Assets Fee level Fee terms US stock - Not available EURUSD - Not available Mutual fund - Not available Inactivity fee Low No inactivity fee How we ranked fees We ranked Zerodha's fee levels as low, average or high based on how they compare to those of To get things rolling, let's go over some lingo related to broker fees. What you need to keep an eye on are trading fees and non-trading fees. • • In the sections below, you will find the most relevant fees of Zerodha for each asset class. For example, in the case of stock investing the most important fees are commissions. We also compared Zerodha's fees with those of two similar brokers we selected, To have a clear overview of Zerodha, let's start with trading fees...

• It is recommended to transfer the holdings to another resident account, close the resident account, and then open and transfer the holdings to the new NRI account¹. See What are the different ways to transfer shares from my Zerodha account? , How do I close my Zerodha account? and How can I open a Zerodha trading and demat account as an NRI? . • F&O trading (equity, currency, or commodity) is not available by default with NRI accounts. F&O trading requires a Custodial Participant (CP) code with our partner for custodial services, Orbis financial services. See Can a Non-resident Indian (NRI) trade in futures and options (F&O)? To know the segments that NRIs can trade and invest in, see • A citizen of India or a person of Indian origin who resides outside India for more than 182 days is known as a Non-Resident Indian (NRI). If a resident individual account is held after becoming an NRI, the account must be converted to an NRI-NRO account. Resident individual accounts can be converted into NRI-NRO trading and demat accounts, not NRI-NRE accounts. The following documents are required to convert a resident account to an NRI account: Document Purpose/No of copies. Account modification form (PDF) To update the bank and address details of the demat account. Ensure that the signature on the account modification form matches the signature in the existing account. The signature in the existing account can be found by visiting console.zerodha.com/account/documents , selecting Signat...

A Time-based One Time Password (TOTP) is not a traditional OTP that is delivered via email or SMS. A TOTP is generated by an app or any other device that supports TOTP and is valid only for a short duration (usually 30 seconds) and is regenerated every 30 seconds. The following apps can be downloaded on PCs or phones to generate the TOTP: • Google® Authenticator available on Google Play (WEB) and App store (WEB). • Microsoft® Authenticator available on Google Play and App store (WEB). • Authy available on Google Play (WEB) and App store (WEB). • LastPass Authenticator on Google Play (WEB) and App store (WEB). • Bitwarden To avoid using TOTP, enable the device lock. To know how to enable the device lock, see TOTP can be enabled in two ways, i.e., from the login page and the profile section. TOTP from Login page Kite app To enable TOTP from the login page, follow these steps: • Tap on Forgot user ID or password?. • Enter the User ID and PAN. • Select Receive on Email or SMS, enter the email ID and captcha, and click on Reset. • Enter the new password and Tap on Continue. • Select Method 2. • Tap on Setup TOTP. • Set up an external authenticator such as Authy. To download Authy, visit authy.com/download. • Tap on Can’t scan? Copy key. • In the Enter the 6 digit app TOTP field, enter the TOTP generated on Authy and tap on Continue. • The password will be reset. Tap on Login here to continue. • Login to Kite using TOTP. Kite web • Visit kite.zerodha.com. • Click on Forgot user ...

Zerodha is among the largest discount brokers in India. It offers a wide range of products and provides free equity delivery. Zerodha is a great choice for beginner investors because of its easy-to-use trading platforms. However, Zerodha is only available for Indian residents and covers only the Indian market; plus, it takes quite a long time and some actual paperwork to open an account. 🗺️ Country of regulation India 💰 Trading fees class Low 💰 Inactivity fee charged No 💰 Withdrawal fee amount $0 💰 Minimum deposit 🕖 Time to open an account >3 days 💳 Deposit with bank card Not available 👛 With electronic wallet Available 💱 Number of base currencies 1 🎮 Demo account provided No 🛍️ Products offered Stock, ETF, Forex, Fund, Bond, Options, Futures Zerodha fees snapshot Assets Fee level Fee terms US stock - Not available EURUSD - Not available Mutual fund - Not available Inactivity fee Low No inactivity fee How we ranked fees We ranked Zerodha's fee levels as low, average or high based on how they compare to those of To get things rolling, let's go over some lingo related to broker fees. What you need to keep an eye on are trading fees and non-trading fees. • • In the sections below, you will find the most relevant fees of Zerodha for each asset class. For example, in the case of stock investing the most important fees are commissions. We also compared Zerodha's fees with those of two similar brokers we selected, To have a clear overview of Zerodha, let's start with trading fees...

A Time-based One Time Password (TOTP) is not a traditional OTP that is delivered via email or SMS. A TOTP is generated by an app or any other device that supports TOTP and is valid only for a short duration (usually 30 seconds) and is regenerated every 30 seconds. The following apps can be downloaded on PCs or phones to generate the TOTP: • Google® Authenticator available on Google Play (WEB) and App store (WEB). • Microsoft® Authenticator available on Google Play and App store (WEB). • Authy available on Google Play (WEB) and App store (WEB). • LastPass Authenticator on Google Play (WEB) and App store (WEB). • Bitwarden To avoid using TOTP, enable the device lock. To know how to enable the device lock, see TOTP can be enabled in two ways, i.e., from the login page and the profile section. TOTP from Login page Kite app To enable TOTP from the login page, follow these steps: • Tap on Forgot user ID or password?. • Enter the User ID and PAN. • Select Receive on Email or SMS, enter the email ID and captcha, and click on Reset. • Enter the new password and Tap on Continue. • Select Method 2. • Tap on Setup TOTP. • Set up an external authenticator such as Authy. To download Authy, visit authy.com/download. • Tap on Can’t scan? Copy key. • In the Enter the 6 digit app TOTP field, enter the TOTP generated on Authy and tap on Continue. • The password will be reset. Tap on Login here to continue. • Login to Kite using TOTP. Kite web • Visit kite.zerodha.com. • Click on Forgot user ...

“Last two years have been an outlier for trading companies. Trading volumes have peaked, but this is a very cyclical business,” he added. Zerodha had reported overall revenues of Rs 2,729 crore in FY21, up from Rs 938.5 crore in the previous year, while its profit jumped 164% at Rs 1,122 crore from Rs 424 crore in FY20, as per the company's public filings. However, Kamath said the company is bracing itself for a downturn with the slowdown in public markets. "We might probably see growth slowing down in the next 3-6 months. I don't see any companies going for an IPO in the next 3-6 months too, maybe apart from the LIC IPO,” he said. New order system in progress In a bid to remove its reliance on legacy systems, Zerodha said it is presently working to develop an in-house order management system (OMS), which is expected to be rolled out during the start of next year. Zerodha currently leverages third-party order management systems (OMS) such as Refinitive, with the move in line to have more control over the overall customer experience. “We are right now working on replacing that (OMS tieup) so as to be in full control of our product as front end innovations make no sense if we don't own the OMS,” Kamath said. Zerodha had faced “We have come a long way and we don't want to be branded as a company that had a glitch once,” Kamath said. He said the platform will also work more on its ‘nudge’ feature, which helps traders on the platform make more informed decisions about their inv...

• It is recommended to transfer the holdings to another resident account, close the resident account, and then open and transfer the holdings to the new NRI account¹. See What are the different ways to transfer shares from my Zerodha account? , How do I close my Zerodha account? and How can I open a Zerodha trading and demat account as an NRI? . • F&O trading (equity, currency, or commodity) is not available by default with NRI accounts. F&O trading requires a Custodial Participant (CP) code with our partner for custodial services, Orbis financial services. See Can a Non-resident Indian (NRI) trade in futures and options (F&O)? To know the segments that NRIs can trade and invest in, see • A citizen of India or a person of Indian origin who resides outside India for more than 182 days is known as a Non-Resident Indian (NRI). If a resident individual account is held after becoming an NRI, the account must be converted to an NRI-NRO account. Resident individual accounts can be converted into NRI-NRO trading and demat accounts, not NRI-NRE accounts. The following documents are required to convert a resident account to an NRI account: Document Purpose/No of copies. Account modification form (PDF) To update the bank and address details of the demat account. Ensure that the signature on the account modification form matches the signature in the existing account. The signature in the existing account can be found by visiting console.zerodha.com/account/documents , selecting Signat...