Comment on Zerodha-Fund withdrawal from Trading account

Venkat_V commented on 26 Nov 2013, 12:57 PM

Dear Nitin,

After witnessing NSEL Fiasco and other Broking firms slowly shutting down their shops. One basic question prevail in my mind. Whether the money and the shares i am going to keep with my broker is really safe?

All great companies are not just great because of successful business models but by the way they do the business ethically, i admire TATA’s a lot that’s why they are one of the trusted brand as of till today. I consider Zerodha also the same.

Being an ethical business firm, what is the Guarantee/Assurance as a broker does zerodha gives for its Investors for the protection of money kept in trading A/c and shares kept in DEMAT.

I want a realistic reply explaining on what way the client money is kept and handled and what all the precautionary methods taken care for protecting investors trading money in case of any unlikely scenario.

Hope i get a sensible reply form you.

Regards
Venkat

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