Zerodha Brokerage Charges, Fees, AMC, Transaction Charges 2020

Zerodha Account Open Charges | Zerodha AMC 2020

Zerodha Flat Brokerage Plan (Brokerage Plan)

Zerodha Tax on Trading

1. 1. How much is the brokerage fee in Zerodha?

   Zerodha charge zero brokerage for equity delivery trades. It charges ₹20 per executed order on intraday and derivatives trades.

   Zerodha Brokerage

   Trade Type	Brokerage Fee
   Equity Delivery	₹0
   Intraday, F&O (Equity, Commodity, Currency)	₹20 per executed order

    

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2. 2. How much Zerodha charge for intraday trading?

   Zerodha charges a brokerage fee of ₹20 per executed order for intraday trades. The brokerage for equity delivery trade is ₹0. Zerodha brokerage is among the lowest in the industry.

    

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3. 3. When does Zerodha charge brokerage?

   Zerodha charges brokerage for intraday and Futures & Options trades at BSE, NSE and MCX. The brokerage is charged only when the order is executed. The Contract Note (sent at the end of the day to customers via email) provides detail of the brokerage, taxes and other charges.

    

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4. 4. Does Zerodha charge for Mutual Funds?

   No, Zerodha doesn't charge a fee for investing in Mutual Funds (MF). Zerodha mutual fund charges are nil. On top, Zerodha offers 'Direct Mutual Funds' which results in an additional saving of over 2% yearly to the investors.

   Zerodha is the first broker to offer direct mutual funds. In case of Direct Mutual Funds, the broker like Zerodha doesn't get any upfront of trail commission from the Mutual Fund managers or AMC. The savings from this is passed on to the customer in terms of higher returns.

   Zerodha offers it's online Mutual Funds investment services to a platform name Coin. Zerodha Coin has a website and a mobile app, available for free to charge to all Zerodha customers.

   Mutual fund investment with Zerodha is absolutely free. There is no brokerage, no software charges, no upfront or trail commission from fund managers or AMCs and no hidden charges. Also, there is no limit on size or number of transactions.

    

   How Zerodha make money by offering free Mutual Funds?

   Many people ask about how Zerodha makes money by offering Free Mutual Fund. Majority of Zerodha revenue comes from derivatives trading. By offering free services like MF's, Zerodha attract many large traders and investors who eventually pay by using it's stock and derivates trading services.

   Zerodha earn small interest from the money you keep in your trading account for few days before you buy stock or mutual funds. Zerodha keeps your money into bank FD's and earns interest in it.

   For example, if you keep Rs 1 lakhs in your trading account for 1 day, Zerodha earn Rs 19.18 interest on it (at the rate of 7% annual interest).

    

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5. 5. Does Zerodha have annual charges?

   Yes, Zerodha charge ₹300 per year Demat Account AMC (Annual maintenance charges) fees. This fee is charged quarterly (i.e. ₹75 every quarter). Except this Zerodha doesn't have any annual charges or minimum balance requirements.

    

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6. 6. Does Zerodha charges for AMO?

   No, Zerodha doesn't have any additional charges for aftermarket orders (AMO). You can place AMO orders for all product types (CNC/MIS/NRML) at the following time:

   Zerodha Brokerage

   Segment	AMO Order Timings
   Equity	3:45 PM to 8:57 AM for NSE, [3:45 PM to 8:59 AM for BSE]
   Currency	3:45 PM to 8:59 AM
   Futures & Options	3:45 PM to 9:10 AM
   Commodity (MCX)	Anytime during the day

    

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7. 7. Does Zerodha charges for selling shares?

   Zerodha offers brokerage free equity delivery trades. This means if you sell the shares which you hold in your demat account, there are no brokerage changes. Note that you still have to pay taxes and a demat debit transaction fee.

   For intraday trades, Zerodha changes flat ₹20 per executed order brokerage. Zerodha charges the same brokerage (₹20 per trade) on both the legs.

    

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8. 8. Does Zerodha charges for margin?

   Zerodha doesn't offer margin funding. As per the new margin requirement applicable from Jan 1^st, 2020, brokers are not permitted to offer additional margin. The customer has to pay the margin as prescribed by the stock exchanges.

    

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9. 9. Why Zerodha brokerage is less?

   Zerodha is an online stock broker offering almost all of its services online by leveraging the latest computer technology and the internet. Zerodha does volume business with a highly scale-able online trading platform. This makes it possible for Zerodha to offer trading at an ultra-low-cost.

   Zerodha doesn't have branch offices, doesn't spend money on advertising campaigns and doesn't offer services like research and advisory.

    

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10. 10. How Zerodha brokerage is calculated?

    Zerodha offers a flat fee brokerage model with brokerage free delivery trades. The brokerage charges in intraday and F&O are calculated on per executed order irrespective of the trade size. For example, if you buy 10 lots of NIFTY Future in one single order, you pay just ₹20 brokerages on this trade.

     

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11. 11. What are Zerodha brokerage charges?

    Zerodha offers brokerage free equity delivery trades and Mutual Fund investments. It charges flat ₹20 or 0.03% (whichever is lower) per executed order brokerage fee for trading in Intraday and F&O across Equity, Currency and Commodity segments.

    Zerodha Brokerage Charges

    Segment	Brokerage Charges
    Equity Delivery	₹0 (Commission Free Trading)
    Equity Intraday	Flat ₹20 or 0.03% (whichever is lower) per executed order
    Futures (Equity/Currency/Commodity)	Flat ₹20 or 0.03% (whichever is lower) per executed order
    Options (Equity/Currency/Commodity)	Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover)
    Mutual Fund	₹0 (Commission Free Trading)

     

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12. 12. Does Zerodha charge for rejected orders?

    No, Zerodha doesn't charge brokerage or any other fees for rejected orders. The company charges brokerage and other fees only for executed orders.

     

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13. 13. Does Zerodha charge for canceled orders?

    No, Zerodha doesn't charge brokerage or any other fees for canceled orders. If for some reason you cancel your orders, you won't be charged any fees.

     

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14. 14. How to open an account with Zerodha?

    Simply leave your contact information and Zerodha representative will call you in a few hours.

     

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15. 15. Zerodha Brokerage of ₹20 or 0.03% whichever is lower, what does this mean?

    Zerodha, the discount stock broker offers commission-free equity delivery trading and Mutual Funds. It charges flat ₹20 or 0.03% (whichever is lower) per executed order brokerage for trades in Intra-day and Equity, Currency and Commodity Derivatives (F&O).

    • Intraday Trading

      You pay 0.03% (maximum ₹20 per executed order). For example:

      • When you buy 100 shares of ₹10 each share; your brokerage is ₹3 (0.03% of ₹1,000).
      • When you sell 10 shares of ₹300 each share; your brokerage is ₹9 (0.03% of ₹30,000).
      • When you buy 250 shares of ₹500 each share; your brokerage is ₹20 (as 0.03% of ₹125,000 is ₹37.50 which is higher then ₹20).
    • Delivery Trading

      You pay ₹0 brokerages. Yes, it's free with absolutely no hidden fee. Example:

      • Buy 100 shares of ₹10 per share for delivery; the brokerage you pay is ₹0.
      • Sell 100 shares of ₹3000 per share for delivery; the brokerage you are charged is ₹0.

    When you are trading stocks and if you are trading volumes are lower you get the benefit of ₹20 or 0.03% for intraday, whichever is lower.

     

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16. 16. What is an executed order with Zerodha?

    When you place an order with Zerodha which gets traded, it is called an executed order. You don't pay for placing, cancelling or modifying an order; you pay only per executed order.

    Zerodha doesn't charge per trade, Zerodha charge only for an executed order. So even if an order is executed in 5 different trades it is considered only 1 executed order and you pay only ₹20.

    Example of an order is:

    Buy 1000 shares of ONGC

    You place a 'buy' order for 1000 shares of ONGC. This order may get executed in different trades (chunk) until the whole 1000 share is bought. However, Zerodha charges you only ₹20 for the order that is placed, irrespective of how many trades it takes to complete the order. The same charge is applied for trading Equity Intraday, Delivery, F&O, Currency Derivatives, and Commodity.

     

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17. 17. I place an order to buy 10 lots with Zerodha; what if it gets traded 5 times 2 lots per trade?

    Zerodha doesn't charge per trade, they charge only for an executed order. So even if an order is executed in 5 different trades it is considered only 1 executed order and you pay only ₹20.

     

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18. 18. What are call & trade charges with Zerodha?

    Zerodha Call & Trade charge is ₹50 per executed order. This is in addition to the brokerage fee of ₹20 per executed order.

    Zerodha is an online discount stockbroker. Their services are designed for customers who can trade online by themselves. Zerodha does not offer personalized services, relationship managers, branch offices, etc.

    People who frequently need broker assistance or in-person services should consider opening an account with full-service brokers like Sharekhan, ICICI Direct, and IIFL.

     

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