Zerodha online account opening using Aadhar

Zerodha is one of the leading discount brokers in India. They are Bangalore based firm and were started in 2010. They have grown tremendously in last 7 years and have more than 2.5 lakh customer trading with them now.

They have an attractive brokerage plan for different segments:-

  • ZERO Brokerage plan: – They have a special plan for investors. For delivery (holding) of shares, you don’t need to pay any brokerage.
  • Fixed Brokerage: – For daily traders (Intraday and F&O), they charge as per a range means max rs.20 else .01% whichever is lower (Out of 20 and .01% whichever is lower charged as a brokerage)

In March 2017, they have started providing online account opening using AADHAR card. All you need for that is-

  • You must be KYC registered(Check below) and
  • Secondly you must have number which is linked with Aadhaar, because online account opening is Aadhaar based using OTP sent on your mobile.

[Read more…]

Zerodha account opening charges

Zerodha is the largest discount broker which was started in 2010. It is HQ in Bangalore and provide fixed brokerage plan. So irrespective of the volume of the trade, you will never have to pay more than Rs 20 per trade. Compared to some full service broker like ICICI direct and Sharekhan, you can save almost 90% of brokerage.

Zerodha offers trading in NSE, BSE and MCX. You can use them for trading in stock, currency, commodities and Mutual funds all under one roof making life easier for you. They also are a DP with CDSL. They don’t keep your shares in pool but the shares are directly transferred to your Demat account.

They have grown tremendously in 7 years and have more than 2.5 lakh customer trading with them in 2017. [Read more…]

Is Zerodha safe ?

Whether you are a trader or investor and heard about Zerodha online or from a friend, most of you would have felt that the brokerage are too good to be true. In case you were trading with some full service broker like ICICI direct or Sharekhan, you could reduce your brokerage by more than 90% with them. But then the next question would have come to you,

Is Zerodha Safe ?

Would my money be safe with them ?

What if Zerodha closes ? What will happen to my shares/money ? [Read more…]

S Chand and Company IPO Review – Things to know

S Chand and Company Ltd is an education content company in India. They circulate the educational content like solution and services across educational lifecycle. S Chand and Company are coming with an IPO which will hit the primary market on 26th April 2017 and closes on 28thApril 2017. The company aims to raise around Rs. 730 crore by offering shares at Rs. 660-Rs.670 per Equity Share.

The company are coming with a fresh public issue of 6,023,236 equity shares at Rs 5 Per Equity Share and rest are from existing shareholders. [Read more…]

Purchase Mutual fund through Angel broking

ANGEL  BROKING TRADE is an all in one trading platform which is developed by Angel Broking Limited and its browser based platform. You don’t need to install it, just open URL, login and use trade.angelbroking.com

This platform is very simple and easy to use. You will have each facility in this platform like buy and sell of stocks, Mutual fund, SIP, Funds view etc.  It will provide you real time market data. You will get research tips and all through this platform too.  Even you can access it in less internet speed like 2G. Its lite weight to load and use. [Read more…]

How to choose a Credit Card – 3 Things to remember

If you have reached here, I assume that you are interested in choosing a credit card and not sure which would be best card for you. A simple answer to this question is “THERE IS NO ONE BEST CREDIT CARD”. Picking the right card is easy if you know what you are looking for.

It will depend a lot on what your expectations are from your card. Are you looking a card with best rewards points, do you want best travel credit card, or are you looking for the best business credit card.

Once you decide what you are expecting from the credit card, I will be able to help you to know about the best credit card Picking a credit card in Indiaavailable in that category. We would be discussing about the credit card based on the interest rate they will be charging, limit which they would be providing and cash back provided by them.

But before talking about technical terms, let me talk a little about what exactly is a Credit card. If you are someone who is already aware of it, stop reading or read our article on best credit card in India.

What is a Credit card ?

Credit card can be easily understood as a card which is provided by your financial institution, which can be a bank or NBFC providing you a limit to spend per month. Say you have a good CIBIL score and decent salary, bank will provide you with a credit card with a limit of say 50,000.

What it means in simple terms is you have 50,000 rs to spend and once the month end, most of the bank will provide you 20 days to pay back the credit you have used. If you paid the limit used in full, you don’t have to pay any interest charges to the bank. But say you used 20,000 this month and only paid back 10,000, then interest would be charged on the remaining 10,000 you have not paid. Most of the banks charge interest anywhere from 1% per month upto 3% per month.

In case you make full payment of the credit you have used, there is no charge payable by you.

So if you are someone who spend more that you can pay, you should look at the card which have low interest charges else you can end up paying lots of interest charges.

Some of you may have a question that if we pay in full, how does the bank make money. So whenever you use your credit card online or offline on a shop, there is a charge upto 2% which the bank charges the ecom company or shop. So even if you don’t pay any interest, bank are fine making money of every swipe you do.

Three things to keep in mind while choosing the Credit Card

1) Look at the interest rate charged by the Credit card company. Make sure that you read the fine prints before you choose the card.

2) Annual Maintenance Charge – Most of the card charge a AMC but they provide your with service which make you more than the Annual charge you are paying. So be open and look out for the best offer the companies are providing you.

3) Reward point or cash back provided – This is one of the most direct way to profit from your credit card. Look for companies which provide best offer on this. There are some companies which give upto 5 rewards point for Rs 100 transaction. Points are redeemable for cash, so in a way you actually get 5% discount on anything you do with the card.

These are the three points you should keep in mind while choosing the CC. There are some other points also to keep in mind while choosing a Credit card. We will be talking more about them in coming articles.

I hope that after reading this, you should have got a basic understanding of what is a credit card and what points you should keep in mind while choosing the best credit card in India.
In case you have some questions which you feel I have not answered here please feel free to ask your questions and I will try to answer it to the best of my ability.

HUDCO IPO review – Things to know before applying

HUDCO (Housing and Urban Development Corporation) is a Government of India enterprise which provides loan in India for housing and urban infrastructure projects. HUDCO is coming up with a IPO. They are going to introduce their initial public HUDCO IPOoffer which will hit the primary market on 17th April 2017 and closes on 19th April 2017. The company aims to raise around Rs. 1,000 crore by offering shares at Rs. 48-Rs.50 per Equity Share.

About Company

HUDCO was incorporated at New Delhi as “The Housing and Urban Development Finance Corporation Private Limited” on April 25, 1970. HUDCO is a wholly-owned Government company. They have more than 46 years of experience in providing loans for housing and urban infrastructure projects in India. [Read more…]

Angel Eye trading platform

ANGEL Eye is a browser based trading Platform which is developed by Angel Broking Limited. It is a very simple platform to use and you don’t need to install anything for using this platform. Just go to trade.angelbroking.com and provide your credentials and you should be able to login.

You will get many features inbuilt in it like historical data of shares, you can check top 5 buy and sell price of a share, Market Watch, Orders Book, Trade Book & Funds View. It provide real time market updates. Another important feature provided on Angel Eye in ARQ – Angel automated intelligent investment engine which provide the best stock recommendation as per your holding period and risk appetite. [Read more…]

Angel broking trading platform- Speed Pro Review

ANGEL SPEEDPRO is an application Trading Platform which was developed by Angel Broking Limited. It’s simple platform to trade and you have to install .exe file to use this. This is provided free of cost when you open account with Angel broking. The software is basically made to connect to the Internet and adds a Windows Firewall exception in order to do so without being interfered with. It’s installer includes 52 files and is usually about 117.26 MB.

You will get many features inbuilt in it like historical data of shares, you can check top 5 buy and sell price of a share, Market Watch, Orders Book, Trade Book & Funds View and even you can see different charts for intraday trades which are 30 days old.  They provide real time market updates. Multi Desktop Options is their which gives ability to arrange preferred windows/tools in multiple desktop screens & toggle between them. [Read more…]

Coin by Zerodha Review

This is the latest offering by ZERODHA for purchasing mutual funds. Lot of you should already be aware that they already have a platform called mf.zerodha.com, so why a new platform. The major difference between these two is on COIN you will buy DIRECT mutual funds and mf.zerodha.com was providing regular mutual funds purchase.

Most of you should be confused by know as to what is the difference in between these two. I will try to explain it in simple terms. So when you buy regular funds, there is no brokerage charge or extra fees you have to pay but there is still a upfront commission and trail commission which the agent receive. So in this case, when you are buying regular mutual funds from mf.zerodha or any other stock broker, there is an upfront commission and trail commission which is paid. This commission is not deducted from your funds deposited but gets reflected in the NAV of the regular fund. Will explain this is detail below.

Compared to this, while purchasing direct mutual funds, there is no commission paid to anyone. What is means is 100% of your funds directly goes to AMC. So, NAV for direct mutual funds are always higher compared to that of regular funds.

We will try to explain it with an example so that it make more sense. Suppose you brought a NFO of ICICI Prudential Growth Fund – Series 2 which was launched on Aug 1, 2014. If you brought it through a broker or direct through AMC, the price you should have paid is Rs 10 per unit. The NAV for regular fund on Mar 28th, 2017 is Rs 12.81, giving it a total return of 28.1%.

The NAV for the same fund would is Rs 13.31 if you would have brought a direct fund either through AMC or some service which provide direct purchase of MF. In this case, they return was 33.1% for the same time.

The difference of 5% is what was paid to the brokerage house through which the MF were purchased. Even if you brought it through ICICI bank thinking that you are not paying any commission, you still ended up paying 5%. The issue with this is most of the user purchasing this NFO are not aware of this. Even later, if client would have checked the price of his fund, it would have shown as 12.81% for regular fund and there was no way to know that you are paying  any commission.

Still have some question, do have a look at our video review of Coin by Zerodha

Zerodha is trying to do something commendable here but the task is difficult as not many people are aware of difference between direct and regular funds.

With COIN, Zerodha is using BSE Star Mutual fund platform and they will charge a flat fee of Rs 50 per month if your portfolio of MF is more than 25,000. Many people would have issue with paying the fees. But if we look at the commission people are paying, Rs 600/year charge is a steal. Even if you have a MF portfolio of Rs 30,000 you are paying upfront and trail commission of more than Rs 600 per year.

But if you are not comfortable to pay these 600 Rs, then you can always buy direct mutual funds from AMC or use MFUtility.com to buy funds directly. But with Zerodha, you will get the benefit of keeping all your holding at one place and doing SIP with Zerodha is very easy compared to MFUtility.

To know more about COIN platform or opening account with Zerodha

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