New directions suggest clients cannot use sale proceeds for other trades
Jaideep Arora, the CEO of Sharekhan by BNP Paribas said traders, investors and new entrants are looking at this pandemic situation with both caution and opportunity
The company's tight-aggressive business model has done well so far, but with other players, both traditional and new, smelling an opportunity, there could be a very fascinating game ahead
S&P BSE Sensex index remains 26% below its January peak, even after rebounding from the sell-off, burnishing the allure for stocks
Ease of account opening due to e-KYC, tempting valuations after the market crash, work-from-home and SBI Card mega IPO are reasons for the spurt
Discount broker plans to build a business model around passive funds
Trust deficit after Karvy fiasco and access to margin facility to drive shift of investors
India is hardly immune to the global trend of sliding fees and trading commissions.
Zerodha CEO Nithin Kamath says not being answerable to anyone is the best part of his life, so the company is not looking for a funding
Most traders couldn't place fresh orders on brokerage's platform for 35-40 minutes on expiry day
The start-up, which helps food retailers procure inventory online, has clients such as Bikanervala, Big Bazaar and Haldiram's
The model is hardly unique -- Robinhood has a similar strategy in the US -- but Zerodha was among the first to deploy it in India
Zerodha, technology-driven zero brokerage firm, has set target to have three million user base in three years.The company's user base grew by 204 per cent in 2017-18 compared to the last fiscal. It has now a user base of over 0.6 million.According to Karthik Rangappa, vice president (Research & Educational Services), the company plans to have three million customers on board in the next three years (say by 2020).Coin, the company's mutual fund platform that let the customer buy mutual funds online, completely commission-free, directly from asset management companies, has more Rs 600 crore assets under management. The mutual fund bought through 'Coin' will be in demat form, with a convenience of one portfolio across equity, mutual fund, currency. One can start, stop or modify SIPs anytime they want and the first Rs 25,000 worth of investments would be free.The company plans to foray into insurance products- both general and life insurance.In Odisha, Zerodha has offices in ...
Post Singapore roll out, firm plans to tap the market in Europe