Zerodha - Number One Discount Broker in India

[Punter786]

dear punter

wid all due respect, if you cnt even pay 400 per year as AMC towards ur dp a/c, u shudnt be trading financial mkts! infact, even if zerodha lowers it by 25%, how much will u b able to save - 100/-

dont take my comments as otherwise.

having said tht, no company cn survive in a longer run widout evolving itself. just 20/- per trad won't help zerodha as it cud be copied/cloned by any other new entrant! it has to come up wid sumthing new every now and then to remain competitive and alive in this mkt!

infact, we shud press zerodha to improve its basic infrastructure and offer other facilities which we have discussed in past. so tht it helps our trader community!

It is not just about typical Indian mentality of saving a penny here! Just felt that it is slightly on the higher side..., so that question came out naturally. May be the query was wrongly timed! Anyway, insatiable beast we are

Btw, the query was directed at Zerodha. Would have been better if you let them answer it or ignore it. I do Not mind your reply, but learn to do it without adding gratuitous advise. They once commented on DP, hence I just wanted to know what is going on that front.

 

[Zerodha]

When are you going to explain us about opentrade.in ???


Nirbhay Dixit

Checking the 60 day thing, opentrade we will announce it in a bit.

 

[Zerodha]

Zerodha,

Any update/progress on DP front? And can we expect reduction in demat AMC as well in future?

Thanks

DP might take a while, for now we are charging AMC which ILFS charges, so reduction might take a while..

 

[Zerodha]

Zerodha,

Can you please post it here so that everybody be benefited. Alternatively, please put it on your blog and post the link here.

I guess this is not a personal configuration which can be answered through email...or is it ?

just my opinion only.

WE will put a blog on this by tomorrow and share the link here..

Cheers,

 

[love2trading]

hi zerodha,

you doing all through online . its very good.

then why you opened support centre in tamilnadu..

i opened with you because of stamp duty rate is low...

(now i am charing under tamilnadu stamp duty rates..!!)



thanks

 

[comm4300]

DP might take a while, for now we are charging AMC which ILFS charges, so reduction might take a while..

my DP statement says that i have some amt due to ILFS. You had earlier said that you will deduct this amount and pay charged to ILFS...

any update?

 

[Price Pattern Recognition]

hi zerodha,

you doing all through online . its very good.

then why you opened support centre in tamilnadu..

i opened with you because of stamp duty rate is low...

(now i am charing under tamilnadu stamp duty rates..!!)



thanks

What kind of business strategy is this? Probably they are thinking of uniform stamp duty! But more and more states are opposing to this. This is very tough to implement by Center now, already failed.

One day, they will open a support center like West Bengal / Bihar too where Stamp Duty is Rs 1000/ Cr or more.

Why commodity traders would give Rs 50 extra turnover cost to them, where liquidity is very low comparing to Nifty Futures? All these are clearly wrong business strategy. Time will tell the truth. :annoyed:

 

[bpr]

Zerodha
Regarding DP account.
The ILFS dp account that I opened with you, I used it for sometime initially.
After that I am no longer using the DP account. All my holdings are sold.
I have 2 options close the DP account or continue incurring the AMC charges because in future I might again need it.
I heard that some other DP provider provide lifetime AMC charges.
e.g. you can pay 1600 one time and be done with AMC charges.
Is that something that you can discuss with ILFS and provide to your customers as an option?

 

[Zerodha]

What kind of business strategy is this? Probably they are thinking of uniform stamp duty! But more and more states are opposing to this. This is very tough to implement by Center now, already failed.

One day, they will open a support center like West Bengal / Bihar too where Stamp Duty is Rs 1000/ Cr or more.

Why commodity traders would give Rs 50 extra turnover cost to them, where liquidity is very low comparing to Nifty Futures? All these are clearly wrong business strategy. Time will tell the truth. :annoyed:

This has got nothing to do with having our office there, TN government has gotten very strict about it,

Can someone tell me how to insert images here??

 

[Zerodha]

Zerodha
Regarding DP account.
The ILFS dp account that I opened with you, I used it for sometime initially.
After that I am no longer using the DP account. All my holdings are sold.
I have 2 options close the DP account or continue incurring the AMC charges because in future I might again need it.
I heard that some other DP provider provide lifetime AMC charges.
e.g. you can pay 1600 one time and be done with AMC charges.
Is that something that you can discuss with ILFS and provide to your customers as an option?

ILFS has that option, but I think it is around 5000 or 6000, will find out and let you know.. But I'd say don't worry about it, we should be live on our DP business by next year..