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Zerodha

Zerodha is a zero brokerage firm and an Indian financial service company (member of NSE, BSE, MCX, MCX-SX) that offers very low brokerage equity investments, retail and institutional broking, currencies and commodities trading, and mutual funds. Zerodha is one of the biggest trading volume contributors on NSE, BSE, with more than average daily trading turnover of over ₹10,000 crores. Founded in 2010, Zerodha is known for its discount pricing model and innovative use of technology. It is headquartered in Bangaloreand has physical presence in all major Indian cities. As of 2017, it is the largest discount broker in India and contributes up to 5%of retail trading volumes on Indian stock exchanges, generating daily trading turnovers crossing $2 billion.

Founded 2010; 8 years ago
Headquarters BengaluruIndia
Founder(s) Nithin Kamath
Nikhil Kamath
Key people Nithin Kamath CEO
Industry Stock Broker
Products Kite Web,
Kite Mobile,
Kite Connect
Coin
Varsity
Sentinel
Services Equity Trading,
Derivatives Trading,
Currency Trading,
Commodity Trading ,
Mutual Funds,
Employees 850+
Subsidiaries Zerodha Commodities Pvt. Ltd.
Website zerodha.com
Users 7,00,000+

“Discount broking” model

The company claims to be “India’s first discount brokerage”model in India that is popular in developed markets.For equity(cash and carry)delivery no brokerage, for Equity Intraday is 0.01% or Rs 20 which ever is lower on intraday trades squared on our own, otherwise for auto square off zerodha charges Rs. 23 per trades for auto square off. For futures 0.01% or Rs 20 which ever is lower and for options Flat Rs. 20 per executed order. This is as per the website information.

 

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