I can’t be justifying what we do or not do as a business on a public forum. But one thing I do understand that if we don’t innovate, someone is going to disrupt us for sure. If there are any personal suggestions, maybe you could just message me instead of putting it up for everyone to see. I don’t see a point in you doing it, other than of course you know for what.
And btw most of your suggestions are around helping you manage your float(faster access to money, etc), and those aren’t even on my list of things to do as I think that isn’t even a real problem today. Of course, you will disagree with it, but yeah, you are free to go chose a broker who wants to solve these problems for you.
@siva generally I don’t prefer to do this but yeah the above mentioned user is quite disturbing. [quote=“rupeshmandal, post:51, topic:95846”]
CTO Kailash Nadh needs to wake up and smell the coffee, and @nithin please get over from the hangover of photoshoots for Forbes and being called a unicorn.
[/quote]
Does making these kinds of comments on Zerodha employee and CEO admissable in this forum?
Yes there are lot of things which I/we don’t agree but how is making these kind of statements relevant.
I would begin with a Kabir’s saying for all those criticizing me here -
निंदक नियरे राखिए, ऑंगन कुटी छवाय, बिन पानी, साबुन बिना, निर्मल करे सुभाय।
If someone shows a mirror and the face looks ugly, the mirror is at no fault. The problem is with the face.
At least we agree on something.
I have messaged you in-person time and again. There is a separate thread that runs between us. I will do that again as I have done in the past. But sometimes somethings need to be told in public in a different way. I am sure the message has been received by the entire team. Even if the community decided to flag it down, the purpose is served.
No, I don’t know and I didn’t get this part. Maybe you can help me understand in those many words. I don’t want to play a guessing game.
I disagree with you here. It’s not about free float or even money. I have always shared suggestions to unlock "value for investors”. Value, that’s what I always seek. I actually went back in my activity history to pull out some of the other suggestions I had made in the past (3 years to be precise. Yeah! it’s been 3 years with Zerodha and many things are yet the same hence the outburst) to brush up your memory. They are:-
Copywriting 101 to not sell SGB with a bias calling it the “best" option to buy gold. My only suggestion was to be neutral as a platform and not colour investor’s minds.
Coin cut-off timing to be in sync with SEBI guidelines. To stay fair to the investor by complying with SEBI cut-off timing. Though you never commented on the righteousness of my ask, but Zerodha Support responded they are working on it. Still waiting for it to be resolved. Ticket #20200921976293
ETF/ Index Fund ELSS by Zerodha AMC. So investors can invest in ELSS fund with the lowest TER and it helps Zerodha also to get a bigger AUM. Win-win. The same fund can act as a retirement fund as well. Even better.
There are many more. But I hope this would suffice and negate your comment on my suggestions.
I switched from HDFC Securities to Zerodha only because I could see that I can contribute to making it better e.g. suggestions above. The day people like me stop sharing and become indifferent is equally bad for Zerodha. And then how people living in a bad marriage cheat and then finally quit, that’s what would happen. No one to blame, just that expectations don’t match. Until then one tries to live in that marriage and make it work until patience runs out.
No documentation as such. We need basic KYC details, which we fetch from the portal, plus we need FATCA declaration from you. Everything is done online and takes about 10 minutes to complete the process.
Is the haircut % mandated by regulations? OR an internal risk call?
I am wondering - will it be better to have a variable haircut depending on the market cap OR volatility of the stock?
Ofcourse, for simplicity sake - a blanket haircut % does make sense.
But would like to know if you have considered this already? Thank you
@Karthik , Can you let me know what are the documents I need to provide so that I can take Loan Against Securities from Zerodha?. I have dmat account with zerodha . I raised a support ticket #20201207584388 for that few days ago but have not received any reply yet.
I have few more questions , can you please put some more lights on those ?
Suppose one of my holding XYZ which is pledged to Zerodha Cap , i need to sell it immediately due to some urgent reasons , can I request zerodha Cap to sell it in behalf of me ? If not what is the process to do so ? Because some times we don’t have time and money with us to de-pledge it first and then sell .
If we sold through Zerodha Cap , what will be the brokerage fee in that case ?
Can we get loan against mutual funds, Fixed Deposit ?
No, this wont be possible. You will have to replace a security of similar worth, un pledge, and sell the share.
As I mentioned, this is not possible as Zerodha Capital is not a broker. Zerodha capital will sell only if you default or don’t adhere to the LTV calls.
Loan against MF is possible, but we will need a few more weeks to enable it.
you seem to be in a good mood today.