Zerodha....

[respectinvestor]

I got Brokerage Calculator....Thnaks

I wonder to see Transaction Charges as below

Cash Equity Rs 540 per Crore Instead of Rs 350 per crore

Future Rs 540 per Crore Instead of Rs 190 per Crore

Option Rs 8000 per Crore instead of Rs 5000 per Crore

Cost of Transaction Charges for One Lot of Nifty @ 5000 would be Rs 27 Instead of Rs 9.5, Its mean I have to pay Rs 8.75 per Lot of Nifty future Extra ( Rs 17.5 for Buy & Sale)

Please let me know if any wrong calculation....Thanks

@ Traderj

Zerodha is not a clearing member unlike ICICI...so the transaction charges on slightly higher side is understandable

Again Nifty@5000...@ 5 paisa you will pay 125 as brokerage
@4 paisa you will pay 100
@3 paisa you will pay 75
@2 paisa you will pay 50

and @ ZERODHA...you pay 20..this is the value proposition which Zerodha brings..transaction charges are one part of the entire component...Kindly find out what Edelweiss charges as Transaction charges...its same as Zerodha..
and the exact value proposition is that even if you buy 2 or 3 or 4 or even 5 lots of Nifty..you pay only 20....hope I clarified

:clap::clap::clap:

 

[gypsy]

There was an article on discount brokerages in Economic Times a few days back and it was mainly focussed on Jerodha's offering

 

[Subhadip]

There was an article on discount brokerages in Economic Times a few days back and it was mainly focussed on Jerodha's offering

rightly said ..and they are really doing a great bussiness...although brokerage is damn low..

 

[Subhadip]

hi has anyone been using zerodha on windows 7,pro or ultimate,if yes please let me know in case there are any issues or sticking with windows xp is best.

yes...and no issues in NSE NOW with windows 7....

using windows 7 ultimate

:thumb:

 

[Punter786]

Hello Zerodha and members,

I recently opened a demat and trading account with you. Can you tell me how to register for e-kool service?

Secondly, there is mention in one paper - under Delivery Instruction Slips and Inter-depository Slips - that came with the demat kit from ILFS that:

"slips are used for issuing transfer instructions from your account.Kindly note that the instructions are required at any of our offices well in advance and latest be 4:00 pm on the day prior to the date of pay-in"

I did not get this above statement. Do they mean to take the delivery of shares one has to go to their office and submit the delivery instruction slip in physical form?! ILFS does not provide the online share transfer instruction service?

Please answer these two queries.

 

[murthyavr]

yes...and no issues in NSE NOW with windows 7....

using windows 7 ultimate

:thumb:

NOW works alright on Win7, including those 64-bit systems.

Amibroker also works well on Win7, including 64-bit.

But, if you want to get data from ManshiRT, be aware that the application
can not fetch the quotes from NOW which is working on a 64-bit system.

People at ManshiRT have become too complacent, that they don't care for
the upcoming requirements of their customers.

Just a forewarning!

 

[meherp]

Mobile Trading

Finally got a Samsung Galaxy phone for mobile trading. Install NOW mobile software and everything looks/working fine though I have not yet started any real trading with mobile as got it at friday evening. Here what I have observed and few questions.

1) When I am looking at Market watcher, I can't see the redio botton to select for placing order (the way it present in NOW web version). Is it fine? or some proble with my installation?
2) If 1 is fine, then the only way to place order is to goto "Place order", select the security and then bla bla bla....... right
3) any other tips for mobile trading. I only trade in nifty future.

Thanks.

 

[Trader J]

@ Traderj

Zerodha is not a clearing member unlike ICICI...so the transaction charges on slightly higher side is understandable

Again Nifty@5000...@ 5 paisa you will pay 125 as brokerage
@4 paisa you will pay 100
@3 paisa you will pay 75
@2 paisa you will pay 50

and @ ZERODHA...you pay 20..this is the value proposition which Zerodha brings..transaction charges are one part of the entire component...Kindly find out what Edelweiss charges as Transaction charges...its same as Zerodha..
and the exact value proposition is that even if you buy 2 or 3 or 4 or even 5 lots of Nifty..you pay only 20....hope I clarified

:clap::clap::clap:

Thanks. I am doing daily turnover of 2000-3000 (40-60 Lot) Nifty Future, its mean I have to pay Rs 1050 Extra. Presently I am paying Rs 5 per lot brokrage and 4.25 per lot transaction charges, total Rs9.25 and my broker promise to reduce Rs 3 per lot. It will become Rs 7.25 per lot. Zerodha wants transaction charge Rs 13.5 per Lot+ Brokerage.

 

[respectinvestor]

Thanks. I am doing daily turnover of 2000-3000 (40-60 Lot) Nifty Future, its mean I have to pay Rs 1050 Extra. Presently I am paying Rs 5 per lot brokrage and 4.25 per lot transaction charges, total Rs9.25 and my broker promise to reduce Rs 3 per lot. It will become Rs 7.25 per lot. Zerodha wants transaction charge Rs 13.5 per Lot+ Brokerage.

@Trader J

So you do on an average volume of around 1-1.5 crores daily...

and considering that NIFTY IS @ 5000 Your charges for 1 lot (50) is .2 paisa or ... point 2 paisa in case someone misses the small point which I have put before 2 earlier...so when you do 40-60 lots you broker gets richer by Rs.200-300 daily(since you pay Rs.5 per lot).. so in a month you give a brokerage of Rs.4000-6000..so you are an ultra HNI for your broking firm... :clap:

Now I will just compare you with a small trader who does hardly 3 lots of NIFTY daily and is charged at 4 paisa..this small trader who is charged at 4 paisa gives a brokerage of Rs. 300 daily with NIFTY@5000 (which is infact upper limit of the brokerage you pay)...so this small trader also makes his broker richer by Rs. 6000 every month...and here was me thinking that you must have been more valuable to your broker by at least 13-20 times compared to a guy who does hardly 3 lots of NIFTY

Now...to make matters straight..will you name your broker who gives this kind of brokerage to a person doing hardly 1-1.5 crores a day...the best I have heard till date is people getting around .3-.4 paisa that too when they do volumes of around 8-10 crores on a daily basis..(until and unless its a propriety)..The entire world is waiting with its heart in its mouth for this mouth watering proposition...Please name the broker...after all he is there to do business..and since now he has agreed to reduce your brokerage to .12 paisa...it makes more sense to you...may be after getting more business he reduces it to .05 paisa for you (after all he needs some money to print the contract notes also ):lol:

@ZERODHA...he he he.....after all I find someone who corners you completely...Look at this.. FII wants to do business with you...and these FIIs also pay at least half paisa after doing 500-1000 lots of NIFTY... but this FII....he pays .2 paisa and is already close to getting it reduced to .12 paisa...and your Transaction charges ...I have already requested you to do something about it...you simply do not understand...a final request can you charge 1 lot at 50 paisa instead of hefty rs.20 per lot you people have been charging...I understand you need to at least buy furniture for your office ..so this large heartedness from my side...

 

[sanju005ind]

@Zerodha

When I transferred fund into the Zerodha account it was initially allotted to my EQ(Equity account). How can I use it for FNO account.

Is there any charge to move from EQ to FNO and back.

By the way 15 charge per transfer was never mentioned for other banks.

Regards
Sanju