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9 Comments

9. Sachin Kamath   I Like It. |Report Abuse|  Link|December 17, 2011 4:18:23 PMReply
Hey Hariboy,

Thanks firstly for the comment...

As far as BSE goes, we have already done our documentation... Ideally should be up by feb, but can take a little longer as well....

Trading terminal, Along with NOW we would be offering you all a very good trading platform on which you can trade all exchanges and segments with collocated servers to give you all the best speed and reliability...

Feature wise, hopefully you are all in for a surprise... ;)

Brokerage structure will remain the same...

Brokerage 0.01%/0.1% or Rs 20 per executed order whichever is lower... Stamp duty 0.01% with a maximum of Rs 50 per contract note... We don't have a concept of fixed or variable brokerage... It is one simple charge...

http://zerodha.com/main/calculator/calcs.html Visit our calculator, put in the prices and you will know your exact contract note charges...

Cheers...
8. Sachin Kamath   I Like It. |Report Abuse|  Link|December 17, 2011 4:06:32 PMReply
Hey Hari, If you are planning to do f&o trading.. you don't need a demat account as such... Just a trading account would do..

If it is equity and f&o trading that you intend to do, yes you can open a demat and trading with us... There is no need to close your integrated account as you can have multiple demat accounts.... Give us a buzz and we will explain you how it works....
7. Sachin Kamath   I Like It. |Report Abuse|  Link|December 7, 2011 7:41:23 PMReply
Stamp duty charges would be 0.01% on the contract turnover but with a maximum of Rs 50 per day... This applies to all kind of trading, equity, f&o and commodities...

Cheers..
6. Sachin Kamath   I Like It. |Report Abuse|  Link|December 7, 2011 7:40:16 PMReply
Yes you can link your hdfc demat...

we dont' have any concept of minimum charges... even if you trade penny stocks, you would pay 0.01% or Rs 20 whichever is lower...

BSE should be up in a couple of months...
5. Sachin Kamath   I Like It. |Report Abuse|  Link|November 28, 2011 3:47:45 PMReply
We are more like a NGO.. ;)

We multiply your stock price and quantity... We then apply 0.01% or Rs 20, rule... So in your example, you would have paid Rs 1.8 as brokerage to buy and Rs 1.81 to Sell.. Together 3.61 ..

Also, we don't have any minimum brokerage per day clause.. So if this was the only trade you did during the day, your contract note would show only Rs 3.61... A lot of brokers charge you a minimum brokerage per day of Rs 25 to Rs 50
4. Sachin Kamath   I Like It. |Report Abuse|  Link|November 28, 2011 1:24:34 PMReply
Ram,

1. Yes you can link your geojit demat with our trading account... The only issue with this would be, when you buy shares we will send it to your geojit demat account, but when you sell the shares you will have to do it with geojit itself... We will have no right to debit your geojit demat account...

2. 0.01% or Rs 20per executed order for intraday and 0.1% or Rs 20 per executed order for delivery , whichever is lower... when you sell from your demat account there would be applicable dp charges which is again a flat charge of Rs 20..

3. 080-40402020 ... Customer service number, but is not tollfree...

2. For intraday 0.01% or Rs 20 whichever is lower... For delivery : 0.1% or Rs 20 per executed order whichever is lower... when you take delivery to your demat and sell it there would be dp charges applicable which would be flat Rs 20 again...

3. You can reach us on 080-40402020
3. Sachin Kamath   I Like It. |Report Abuse|  Link|November 25, 2011 6:45:02 PMReply
Yes shorting allowed on 1st day but no leverage given... It is Rs 20/executed order or 0.01% whichever is LOWER for buying and similarly for selling...
2. Sachin Kamath   I Like It. |Report Abuse|  Link|November 24, 2011 6:17:39 PMReply
Yes, you get a very interesting mobile trading application called nowmobile...you can download it from dnld.nowmobile.in
1. Sachin Kamath   I Like It. |Report Abuse|  Link|November 23, 2011 12:54:11 PMReply
If you wish to open only a trading account( you can trade f&o intraday and overnight, but you can trade equity only intraday) then there is no amc. If you wish to trade delivery based equity trades, you will need a demat for which it is Rs 400 as amc...

We are Bangalore based company, have an office in Singapore for our institutional business... As far as running away is concerned, we are members of NSE and SEBI and are governed by same rules that govern everyone else... There has never been a NSE member who has been able to run away with money... Hope this clarifies

Happy Trading