Does Zerodha charge customers for investing in stocks, ETFs or mutual funds? Nithin Kamath answers – News Air Insight

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Investments in stocks, ETFs and direct mutual funds at Zerodha are free and the discount broker also does not take DP (Depository Participant) charges for mutual funds from its customers, Founder and CEO Nithin Kamath said in a tweet on Wednesday. The tweet came as clarification amid a barrage of queries directed at him by new customers on the fee issue.

“The one question I get asked the most by new customers is: Does Zerodha charge for equity and mutual fund investments? No, investing in stocks, ETFs, and direct mutual funds at Zerodha is free. We also don’t charge any DP charges for mutual funds and bear the cost ourselves,” Kamath said.

On the issue of DP charges, Kamath said that the company charged DP charges once per stock in a day. “Also, we only charge a DP charge once per day per stock, regardless of the number of sell orders. So even if you sell a stock ten times in a day, the DP charge only applies once,” Kamath added.

He also shared data on what top brokerages in India charged from customers as D charges while warning that he cannot vouch for its efficacy.

“Someone just shared this data with me. I’m not sure about its efficacy, but our team has cross-checked it,: he said.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)



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