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Zerodha says equity delivery to remain free, 10 pc revenue may get affected Leading online brokerage Zerodha said on Tuesday it will not charge users after the revised exchange transaction charges (ETC) and securities transaction tax (STT) came into effect from Tuesday. The company, however, said this is a substantial change that will have a significant impact on the financials of all brokers.  Zerodha’s Co-founder and CEO Nithin Kamath said equity delivery will continue to be free at Zerodha. “As of now, we are not making any changes to our broke...
Zerodha says equity delivery to remain free, 10 pc revenue may get affected
Zerodha says equity delivery to remain free, 10 pc revenue may get affected
Source: IANS
2024-10-01 05:27:39 pm
ETFs now Constitute Close to 13% of the Total Mutual Fund Industry AUM: Zerodha Fund House A study by Zerodha Fund House reveals that ETFs now constitute close to 13% of the total Mutual Fund Industry AUM indicating the remarkable adoption of ETFs by retail investors in India. The substantial share of Rs 6.95 lakh crore out of the total Rs 53.40 lakh crore signifies a shift towards more investors choosing ETFs as a preferred mode of investment. The rise from 5.33 lakh accounts (across equity and debt EFTs) in 2017 to 1.25 crore in 2023 reflects a broader acceptance and understan...
ETFs now Constitute Close to 13% of the Total Mutual Fund Industry AUM: Zerodha Fund House
ETFs now Constitute Close to 13% of the Total Mutual Fund Industry AUM: Zerodha Fund House
Source: PR Agency
2024-06-24 03:30:29 pm
Equity investors realised Rs 50,000 crore in profit in last 4 years: Zerodha CEO Equity investors at online stock brokerage firm Zerodha have realised Rs 50,000 crore in profit in the last four years or so, while a whopping Rs 1 lakh crore worth of money is left unrealised on the platform, its Co-founder and CEO Nithin Kamath said on Tuesday.   “Equity investors @zerodhaonline have realised a profit of Rs 50,000 crore over the last 4+ years and are sitting on unrealised profits of Rs 1,00,000 crore on an assets under management (AUM) of Rs 4,50,000 crore. ...
Equity investors realised Rs 50,000 crore in profit in last 4 years: Zerodha CEO
Equity investors realised Rs 50,000 crore in profit in last 4 years: Zerodha CEO
Source: IANS
2024-06-12 09:28:40 am
Zerodha's Nithin Kamath praises SEBI for making market safer, investor-friendly Praising the Securities and Exchange Board of India (SEBI) for making markets safer and more investor-friendly, Zerodha’s Co-founder and CEO Nithin Kamath on Friday said that the new regulation will ease operations at a broker's end.  SEBI's latest regulation is around the direct payout of securities to investor demat accounts upon purchase. At present, when investors buy securities, they're credited by the clearing corporation (CC) to the stock broker's pool ...
Zerodha's Nithin Kamath praises SEBI for making market safer, investor-friendly
Zerodha's Nithin Kamath praises SEBI for making market safer, investor-friendly
Source: IANS
2024-06-08 11:30:11 am
Now withdraw up to Rs 1 lakh daily on Zerodha: CEO Zerodha’s Co-founder and CEO Nithin Kamath on Thursday said that the online brokerage platform will now let you instantly withdraw up to Rs 1 lakh daily between 9 a.m. and 4 p.m., at no additional cost.  The CEO announced the development on X, saying, "One of our to-dos was to allow instant withdrawals. By instant, I mean instant". "To start with, we (@zerodhaonline) will allow instant withdrawals between 9 a.m. and 4 p.m., up to Rs 1 lakh throughout the week, ...
Now withdraw up to Rs 1 lakh daily on Zerodha: CEO
Now withdraw up to Rs 1 lakh daily on Zerodha: CEO
Source: IANS
2024-05-30 06:01:57 pm
SEBI`s move to simplify operations of stock brokers: Zerodha`s Nithin Kamath Zerodha’s Co-founder and CEO Nithin Kamath on Friday said that the proposal by the Securities and Exchange Board of India (SEBI) that investors' securities should directly go to their demat accounts, will significantly simplify the DP (depository participant) operations of stock brokers. In its latest draft circular, SEBI suggested that it should be made mandatory to ensure that stock brokers segregate client's securities so that they are not at risk of being misused. At p...
SEBI`s move to simplify operations of stock brokers: Zerodha`s Nithin Kamath
SEBI`s move to simplify operations of stock brokers: Zerodha`s Nithin Kamath
Source: IANS
2024-05-10 03:41:30 pm
Zerodha`s Nikhil Kamath launches non-dilutive grant fund for young entrepreneurs  Leading stock broker Zerodha co-founder Nikhil Kamath on Monday launched a non-dilutive grant agnostic fund 'WTFund', dedicated to nurturing young, promising entrepreneurs aged 25 and under. This initiative focuses on individuals who have the potential to revolutionise their industries through creative ideas and compelling visions. "Today, young founders tend to create the most impact within entrepreneurship. At WTFund, our goal is to cultivate a culture that encourag...
Zerodha`s Nikhil Kamath launches non-dilutive grant fund for young entrepreneurs
Zerodha`s Nikhil Kamath launches non-dilutive grant fund for young entrepreneurs
Source: IANS
2024-04-15 12:02:22 pm
Just 7 women-led startups in India receive funding this year Funding in women-led startups in India decreased from 183 startups in 2014 to a mere 7 this year to date, according to a new report. The funding landscape for women-led companies showed a significant surge in the number of rounds, rising from 171 in 2014 to 460 in 2022. However, there was a sharp decline in 2023, with the number of rounds dropping to 185, according to a report from leading market intelligence platform Tracxn. Zomato, Byju’s Lenskart and Zerodha are among India&...
Just 7 women-led startups in India receive funding this year
Just 7 women-led startups in India receive funding this year
Source: IANS
2023-11-19 06:27:59 pm
Excitement and worry as stock options trading booms in India  A sudden explosive growth in stock options trading in India this year has got the country's retail traders excited and regulators worried about the risks such speculative fervour could spawn. The boom in derivatives trading in the country's historically conservative markets, where some products such as stock futures are still too expensive, has come after stock exchanges changed some options contracts to facilitate quicker and cheaper bets and as online retail trading platfor...
Excitement and worry as stock options trading booms in India
Excitement and worry as stock options trading booms in India
Source: Reuters
2023-11-13 10:03:18 am
Zerodha reports revenue of Rs 6,875 cr, profit at Rs 2,907 cr for FY23 Leading stock broker Zerodha on Tuesday reported a revenue of Rs 6,875 crore and profit at Rs 2,907 crore for the financial year 2022-23 (FY23), representing a 38.5 per cent and 39 per cent growth in revenue and profit, respectively, as compared to the previous financial year.In FY22, the company had reported a revenue of Rs 4,964 crore and a profit of Rs 2,094 crore.In a blogpost, Zerodha's Co-founder and CEO Nithin Kamath said that despite fierce competition from newer discount brokerage fi...
Zerodha reports revenue of Rs 6,875 cr, profit at Rs 2,907 cr for FY23
Zerodha reports revenue of Rs 6,875 cr, profit at Rs 2,907 cr for FY23
Source: IANS
2023-09-26 08:13:35 pm
Bluestone to secure Rs 550 cr funding, Nikhil Kamath to invest Rs 100 cr Bluestone, India's leading omnichannel jewellery retailer, is set to secure Rs 550 crore ($65 million) funding, with Zerodha co-founder Nikhil Kamath contributing Rs 100 crore, media reports said on Saturday.According to the reports, Gaurav Singh Kushwaha, founder and CEO of Bluestone, confirmed the development, saying the company was in the final stages of securing a funding round worth $65 million, valuing the company at around Rs 3,600 crore ($440 million).The funding round includes partic...
Bluestone to secure Rs 550 cr funding, Nikhil Kamath to invest Rs 100 cr
Bluestone to secure Rs 550 cr funding, Nikhil Kamath to invest Rs 100 cr
Source: IANS
2023-09-23 03:21:27 pm