Zerodha....

[Zerodha]

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.

@punter, instruction slips are required only if you need to transfer shares from one demat to the other... So for eg, if you have 10 shares of reliance with our demat account and you intend to transfer it to your say sharekhan account, then you require this slip...

For doing online trading with us, you don't need any slip... Shares will automatically get credited and debited to your demat account...

Hopefully this clarifies...

Cheers...

 

[Zerodha]

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.

You are all set, 1 trading session and you will be telling others how to use the mobile version... ...

 

[Zerodha]

@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

Hi Sanju,

Though you need to choose where you transfer funds, it will be available for you in all the three segments, equity, derivatives and currencies.. You don't need to manually transfer funds.... http://zerodha.com/main/zerodhafundaccount.html

 

[sagay]

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.

I am confused with your statement. I thought ZERODHA offered "RS 20 / TRADE" which means effectively no matter how many lots you traded your brokerage will be rs 20 (one side) = rs 40 (two sides) + charges.

Please correct me if am wrong. i am already an existing a/c holder with zerodha and i know this for fact.

 

[GTji]

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.

Can you please tell me which Broker charges you only Rs. 5/- per lot brokerage and also the trading platform they provide?

 

[Trader J]

@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...

@respectinvestor

Ultra HNI ?? For 2000-3000 Nifty Future Intraday Trading , Off course NOT

You need only Rs 50,000 in your account for trading 2000 Nifty per Day, but you have take position maximum 250 at one time , One can do easily 8 trade in 6.5 hr in a day. If you have Rs 150,000 in your account, than you can trade 500 to 700 Nifty, trade 4 to 10 time in a day, depends on Volatility.

Name of Brokers, Many.. like RKG, Bezel, BNP, etc , they all offer Rs 9 or 10 Per lots , and if some one regularly trade ( and Deposit 1 Lac or 2 Lac, and trade Intraday only), than Rs 7 , or 5 per lots etc.

So please come out from the WELL, now 1 paisa , 2 Paisa etc very old fashion.

Now a days only costing for trading is taxes, and STT is Rs 42.5 per lot and Transaction Charges Rs 9.5 ( Zerodha Rs 27)

 

[Trader J]

Can you please tell me which Broker charges you only Rs. 5/- per lot brokerage and also the trading platform they provide?

You have to search Traderji , you can find many, and you have to trade regularly with one broker, and they will reduce brokerage.

Platform also available like ODIN, NOW etc

I would like to say that Offer from Zerodha is Best ( Rs 20 per exec order) but the problem is only Transaction charges..

 

[Trader J]

I am confused with your statement. I thought ZERODHA offered "RS 20 / TRADE" which means effectively no matter how many lots you traded your brokerage will be rs 20 (one side) = rs 40 (two sides) + charges.

Please correct me if am wrong. i am already an existing a/c holder with zerodha and i know this for fact.

You are correct.I checked sample contract note 20 Rs per exec order

Problem is Transaction charges Example if you buy and sale 1000 NIFTY futureNIFTY @ 5000

Zerodah BrokerageRs 40 Other Brokerage Rs 200 ( Rs 5 per Lot)
Zerodha T charges----Rs 540 Other T Charges Rs 190

Zerodha 580 and Others 390

 

[Zerodha]

@respectinvestor

Ultra HNI ?? For 2000-3000 Nifty Future Intraday Trading , Off course NOT

You need only Rs 50,000 in your account for trading 2000 Nifty per Day, but you have take position maximum 250 at one time , One can do easily 8 trade in 6.5 hr in a day. If you have Rs 150,000 in your account, than you can trade 500 to 700 Nifty, trade 4 to 10 time in a day, depends on Volatility.

Name of Brokers, Many.. like RKG, Bezel, BNP, etc , they all offer Rs 9 or 10 Per lots , and if some one regularly trade ( and Deposit 1 Lac or 2 Lac, and trade Intraday only), than Rs 7 , or 5 per lots etc.

So please come out from the WELL, now 1 paisa , 2 Paisa etc very old fashion.

Now a days only costing for trading is taxes, and STT is Rs 42.5 per lot and Transaction Charges Rs 9.5 ( Zerodha Rs 27)

Hi J,

Now, you have gotten a very sweet deal for yourself.... All the brokers that you have mentioned are not clearing members, I know RKG charges 400/cr as transaction charges, BNP also as much... Bezel no idea.... THis can be charged by brokers in either one head or different heads.. Some brokers collect it as NSE charges and transaction charges... Some NSE and clearing and some call it turnover and take it as one....

But all said, that is a very sweet deal you have gotten from a broker for 1 lot at 5 bucks, but which one of the 3 is giving you that?? I know RKG or BNP won't give you that for these kind of volumes... If you mean geojit when you say BNP, I know they will cry about giving you even 0.01% even if you give them upto 5 cr a day of turnover...

Anyways, have a good trading week...

CHeers....

 

[Trader J]

Hi J,

Now, you have gotten a very sweet deal for yourself.... All the brokers that you have mentioned are not clearing members, I know RKG charges 400/cr as transaction charges, BNP also as much... Bezel no idea.... THis can be charged by brokers in either one head or different heads.. Some brokers collect it as NSE charges and transaction charges... Some NSE and clearing and some call it turnover and take it as one....

But all said, that is a very sweet deal you have gotten from a broker for 1 lot at 5 bucks, but which one of the 3 is giving you that?? I know RKG or BNP won't give you that for these kind of volumes... If you mean geojit when you say BNP, I know they will cry about giving you even 0.01% even if you give them upto 5 cr a day of turnover...

Anyways, have a good trading week...

CHeers....

Thanks for wishes .
Any way.I have contract Note I can forward youbut my broker has many slabs for different client.so you understand

But, once again I would appreciate your brokerage plan (Rs 20 per Exec Order) specially its available for all traders, it is best in India as I know and I hope so it will be in near future also.If some broker (having clearing membership) will not follow your plan.

Few questions raise in my mind What is clearing ? How much you paid per day ? If you have turnover of 300 Crore buy ((300 Crore Sale ) per day in future segment , your total transaction charge would be Rs 324,000 out of this Rs 210,000 will go to clearing member, its mean clearing member earning more than NSE ( Rs 114,000) ??
Please let we know .. Thanks... and also NSE knows about this..