What makes Zerodha successful?
He also wanted to attract more young customers who often do not enter into trading due to high commission charges. With this aim, he started his firm and today it has become the biggest discount broking firm. Thus, with a very low operating cost Zerodha was able to capture a large number of customers.
What is special about Zerodha?
Zerodha charges no brokerage on equity delivery trades and a discounted brokerage of ₹20 or 0.03\% (whichever among the two is of lower amount) in all other trading segments including- equity, futures & options, currency, and commodity.
What is the strategy of Zerodha company?
The business model of Zerodha works on a ‘Low margin and high-volume model. ‘ Zerodha charges a very minimal amount to the traders for transactions because of which the trading volume is generally high. This fee collection of smaller amounts from a larger number of clients leads to good revenue generation for Zerodha.
How Nithin Kamath started Zerodha?
Nithin started his professional career as a sub-broker, when he partnered with Kamath Associates as a propriety trader. It was basically a franchisee of Reliance Money. He also deduced Portfolio advisory services. He worked at the company for six years i.e., from January 2004 to January 2010.
What is the net worth of Nitin Kamath?
Zerodha co-founder Nithin Kamath saw a massive jump in his net worth in last one year. Kamath his family’s net worth rose a whopping 51 per cent to Rs 25,600 crore during last year, according to the IIFL Wealth Hurun India Rich List 2021. Kamath and his family are ranked as the 63rd richest Indians as per the list.
What is the tagline of Zerodha?
The success story of Zerodha is based upon the tagline- “THE FREE TRADE ZONE” The People Behind the Success Story of Zerodha Nithin Kamath and Nikhil Kamath are the two siblings who made and developed this imaginative startup thought.
Is Zerodha a good stock to invest in?
If you have a little bit of interest in the equity or stock market, you must have come across the name Zerodha. It is one of the dominant brokerage platforms that facilitate five million+ orders daily.
Why Zerodha was a foolish move?
At that instant, there were many share marketing platforms like Sharekhan, ICICI was available in the market, and launching Zerodha seems to be a foolish move. Because how can you beat the legends but with hope in their heart they launched Zerodha in 2010 with a small budget of 10 lakhs.
How has Zerodha developed on the standard of innovation?
The organization has developed absolutely on the standard of innovation by giving important administrations and valuable services to its clients and customers. Zerodha started its excursion or journey with a group of only five individuals and now it utilizes in excess of 1,200 individuals.