A Brief Overview of Zerodha: A Renowned Discount Brokerage Company

As some of you might know, Zerodha is a discount brokerage brand based on Bangalore. Talking about a few years back, in 2010, the company was the sole dominating brand. It had the maximum number of customers and had stupendous growth over its rivals. With more than 7 lakh customers, it holds 8% of NSE, BSE and MCX’s retail trading volumes. Having said these, this blog will inform you about Zerodha Demat account and other details related to the company.

What Do You Mean By The Term ‘Demat Account’?
Demat or a dematerialised account is that account that every individual who does trading needs to have. It is an electronic format that helps in keeping trace of shares and securities a person has. When you do online trading, your shares get automatically managed thereafter you create the account. This makes it easy for you to control all of your stuff in one place.  

After setting your account, you can get to see all of your mutual funds, shares, government securities in one place. It is, to some extent, helpful because you can see your investments done so far. This blog will let you know about some of the important things related to Demat accounts.

What Reasons Make Zerodha So Popular and Famous?
First, Zerodha offers a lot of trading services in a very understandable manner. If you look at the results, customers who moved to the company saw massive growth in their brokerage savings. They are the cheapest and the most advanced stockbrokers in India. Customers who do tons of trading to seldom ones, all of them saw nearly 80-90% increase in their brokerage savings.

What Are The Account Opening Costs?
Zerodha account opening is not at all costly, and you just need 300 rupees for equities. For equities and commodities, you need 200 more. Talking about Demat AMC charges, you need to pay 300 rupees per year. Trading AMC charges are free, and there are no charges for shifting from offline to online.

So, these were pretty much everything that you needed to know in brief about Demat accounts and Zerodha.