The average investor typically has 2-3 demat accounts with holdings spread across them. The problem with this is that it makes tracking one’s investments and filing taxes a nightmare.
To make it easy for people to move their holdings to their Zerodha account, we’ll now refund all depository charges (DP charges) that you incur to move your holdings to Zerodha. With this charge gone, pretty much everything at Zerodha is free, including investing in stocks, ETFs, direct mutual funds, and bonds.
Even the AMC is more or less free because of BSDA limits, and on top of that we’re making the first-year AMC free. So you only pay if you do intraday or F&O trades.
Even the AMC is more or less free because of BSDA limits, and on top of that we’re making the first-year AMC free. So you only pay if you do intraday or F&O trades.
By the way, this is the monthly net delivery of stocks (transfer in − transfer out) at Zerodha. I’ll share an updated chart in 6 months to see if us taking DP transfer charges on our head makes any difference
Before Zerodha Secondary demat option , I have to move my long term holding to another broker , So If I can transfer back that to Zerodha secondary demat using this option it will be helpful …
Yes, this applies to existing accounts as well. If you’re transferring holdings from another broker to Zerodha, including to a secondary demat account.
Once the transfer is complete, raise a ticket and share the transfer charges proof to claim the refund.
The max refund is capped at Rs. 500. You can read more here.
The maximum refund is 500 (but can accommodate max 28 stocks, helpful for those started recently or have portfolio size fall in this bracket).
for other details please refer
Zerodha has always said that the reason they don’t need to resort to shady practices or send notifications urging users to trade is that they charge AMC.
Zerodha used to say this when they were the biggest broker. At that time, other brokers used to not charge AMC to gain users. Now that Z has fallen to 2nd, they’ve also started this practice. It is hyprocrical to criticize others and then do the same.
I use Zerodha as my main broker mainly due to my trust in them to not do shady things. Your philosophy and practices should not change with Z going up and down in user counts. @nithin
Ultimately when it comes to survival or ethical practices, most businesses would chose survival. There are some rare gems like Lavabit for example, who would rather chose ethics even against the full force of governments. Zerodha haven’t been tested like that though. They were tested with money and success and (it looks like) they chose ethics, but will they choose the same when tested with survival?
Hmmm… We realised that quite a few people drop off at the account-opening step due to AMC charges, so we made it free for them to check it out. And this is free for only the first year.
