What happens to my mutual funds if Zerodha shuts down?

When you buy mutual funds in Zerodha, they will be held in demat form in your account with CDSL, same like stocks bought for delivery. If Zerodha is closed, you can just map your CDSL account with another broker or just move them to your any other demat account.

What happens if Zerodha is bankrupt?

So even if zerodha goes bankrupt your shares are safe. On the negative side you can’t sell these shares because you can only sell them through a Zerodha platform which is linked to you trading account.

Is Zerodha coin safe for long term investment?

Yes, Zerodha is as safe as any other stock broker in India. Zerodha is a genuine and trusted stock broker.

Is it safe to keep shares in Zerodha?

Yes, Zerodha is as safe as any other stock broker in India. Zerodha is a genuine and trusted stock broker. They are among the lowest risk broker for the following reasons: Zerodha is a debt-free.

What if broker goes bankrupt?

If your stock market broker goes bust in India, practically speaking, nothing happens to your stocks and shares. The stockbroking industry is very well under regulations and compliances laid down by SEBI. Unfortunately, the concern is your trading account and not your shares and stocks.

How Zerodha earns from mutual funds?

Zerodha doesn’t take any commission from AMC or brokerage from customers. The only direct source of earning for Zerodha from Coin is the interest on the surplus funds lying for a few days in your trading account.

Is Zerodha coin really free?

Coin is now absolutely free! You can read more here . Effective May 3, 2019, DP charges of Rs 5.5+GST for redemption will no longer be charged.

Does Zerodha Demat automatically update mutual fund units on coin?

However, if you transfer mutual fund units into your Zerodha demat from other demat accounts, these units will not be updated on Coin automatically. If you inform us about the same by creating a ticket below, we will have the mutual fund units updated on Coin in 2-3 working days.

When will the money be added to my Zerodha account after Redemption?

You can learn more about the cut-off timing here . The money after the redemption settlement will be added to your trading account around 11 AM on T+X day (depending on the fund). Please ensure to maintain sufficient funds in your Zerodha trading account before 11 AM for the SIP orders on the SIP due date.

How to transfer units from NSDL to Zerodha?

If you have CDSL Demat account, then you can transfer your units online via CDSL easiest. You can read the process here . If you need to transfer your units from an NSDL account, you will need to use the DIS slips. In the DIS, mention the units you wish to transfer, mention your Zerodha Demat account number and submit it back to the broker.

When will the mutual funds be available in Demat for trading?

If you have placed a request after 2 PM, the mutual funds will be available in Demat for trading the day after, and you will be able to redeem them on the T+3rd day. 3. Charges for pledging Mutual Funds are the same as shares: Rs. 30 + GST which is charged only when you pledge the Mutual Funds.