Comment on Futures & Options Filters
commented on
06 Aug 2017, 03:46 PM
Hi Nitin, the below details are about Zerodha’s DP (Depository participant) charges taken straight from Zerodha’s website.
DP (Depository participant) charges
₹13.5 per scrip per day(irrespective of quantity) debited from demat account when stocks are sold. ₹5.5 per MF (irrespective of quantity) debited from demat on redemption. Charged by depository (CDSL) and depository participant (Zerodha)
Could you in simple words make us understand the paragraph above? It seems to me that Zerodha is not charging brokerage to equity investors but charging a heavy dp charge of 13.5 rupees per day for each scrip once sold. If this is true then how is it beneficial for equity investors? Brokerage is nil but DP charge is higher than most other brokerage firms. Its practically the same with the other expensive broking houses.