Why Open Demat Account With Zerodha?
Last Updated: Jan - 10- 2020
Since 1996, when the process of dematerialization i.e. conversion of physical shares into electronic form was started, the world of stock market investing and trading has witnessed a sea of changes. Over the years, more and more people have joined the stock market investment brigade. According to data released by SEBI, “the total number of demat accounts rose to 34.8 million in 2018 from 30.8 million in 2017. There were a total of 16.8 million demat accounts in India in 2009, an indicator of the sharp increase in retail investors in equity markets.”
Today, an online demat account is a quick, convenient, and efficient way to invest in the stock market and gain from the growing equities. To initiate this type of investment, one needs to open a broking account through which he or she can trade in stocks. Though there are many discount brokering platforms to start with, it is important to choose a medium which is easy to understand, transparent, and reliable— Zerodha is the answer!
Established in 2010, much before digital wave swept India, Zerodha is now a million investor-strong digital stockbroking platforms, the largest in India in terms of the number of clients. Basking in the glory of myriad positive reviews, Zerodha brokerage is among the very few fintech companies which have been an industry disruptor and grown purely because of the utility and quality of products and services. If you areplanning to invest in the share market and wondering why you should choose Zerodha over other options, here are the reasons.
Minimal Account Opening and Other Charges
Zerodha’s USP is that it has brought cost of share investment down to a cipher and minimized trading costs too. Total account opening fee on Zerodha stands at just Rs. 500. To break it down, Rs. 300 are charged for trading and demat account, and Rs. 200 are charged for commodity accounts. The cherry on the cake is that there’s no equity delivery fee or brokerage and just 0.01% or Rs.20 (whichever is lower on per order executed) are charged for all intraday trades across equity, currency, and commodity trades. For NRI accounts, Rs.200 or 0.01%are levied on per order executed. You may also use the brokerage calculator to know all charges upfront.
Support All The Way
From newbies to experienced stock traders, Zerodha’s knowledge base and community discussion platforms offers great tips and tricks to everyone to help them be on the top of their game. It has de-jargonized the financial language and also been providing value-additive content for free to spread financial literacy among the users. Zerodha Varsity, an online educational portal that offers content on financial topics, is a hot favorite among everyone who wants to understand the stock market better. Along with the content, its presentation and simplification differentiate the information available elsewhere. For example, each module is divided into chapters delivered in bite-sized cards; users can take in-app tests; expert opinion and analysis on market events. Similarly, Z Connect helps the community of stock traders stay connected, have their queries addressed, and exchange valuable information with each other. Other than this,users can also share their queries and issues via email or calls which are answered within the fastest turnaround time possible.
Technology and Innovation
Technological innovation is the backbone of digital stockbroking—sticking to this business insight has made Zerodha what it is today. All offerings are next-gen web-based platforms which are modern, intuitive, and easy to use. A one-stop solution for trading, charting, analysis and these platforms are available as mobile apps. KITE, the ultra-fast flagship trading platform from Zerodha has all the information and insights, such as market data, advanced charts, neat and user-friendly interface etc., all rolled into one. Numbers, figures, stats, and updates are essential to be a successful stock trader. Realizing this need, Zerodha offers unique and innovative tools for trading which include Market Intel, Market Monitor, SPAN Calculator, Bracket Orders and Trailing Stoploss, Options Strategies etc. Even a minor technical glitch can ruin a trader’s day and raise questions on the credibility of the brokering medium. Keeping this in mind, Zerodha has multi-datacenter disaster management infrastructure for reliability, safety, and speed.
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