GROWW DEMAT ACCOUNT CHARGES
How Sebi action will impact profits of discount stock broking firms like Zerodha and Groww
Market regulator Sebi mandated in its July 1 circular uniform brokerage charges that are not based on volumes. Due to this, tech-first brokers are staring at impact on valuations. Platforms like Shoonya and Mstock charge zero brokerage fees, and they are bracing for impact from Sebi's instructions. Venture fund-backed startups like Groww, Upstox, Zerodha and listed discount broker Angel One will also have to start charging their customers.
Sebi tweaks rules for Basic Service Demat Account. Check eligibility, charges
Sebi has introduced new rules for Basic Service Demat Accounts (BSDA). To be eligible, individuals must have only one demat account where they are the primary holder and only one BSDA across all depositories.
Demat account for minors: How to open with Zerodha, other brokers? Check documents required, other details
Teaching minors about stock markets, demat accounts, and investment strategies is crucial for financial discipline and smart money management.
Overall ADTO declines MoM as new demat accounts rise: Motilal Oswal
In May 2024, demat account additions surged by 36 lakh, but the overall average daily turnover (ADTO) in the financial markets declined by 3% to Rs 433 lakh crore. While F&O ADTO decreased by 3%, cash ADTO rose by 5.5%. Active users on NSE increased to 4.29 crore.
New feature by CDSL to prevent demat related fraud: Know how this will make your accounts with Zerodha, Groww, FYERS and others safer
Demat account: If you have a CDSL demat account (used by stock brokers like Zerodha, Groww, Mirae, Upstox, etc) then you are now set to be protected against fraud after CDSL implements a new two factor authentication feature on the EASI and EASIEST portal. Read here to know more about this.
Sebi mandates direct transfer of securities by clearing corporations to Demat accounts
The proposed change seeks to streamline operations and mitigate risk by directly crediting securities payouts to clients' Demat accounts, bypassing the broker's pool account.
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Sebi mulls raising limit for basic service demat account to Rs 10 lakh
Capital markets regulator Sebi on Wednesday proposed to enhance the threshold for the basic service demat account (BSDA) to Rs 10 lakh from the current Rs 2 lakh in a bid to boost the participation of retail investors in the securities market.
Glitch at CDSL trips investors' exit plans
Stock market hits record highs but clients face trading issues due to CDSL system failure with TPIN authorization for selling shares.
Demat account additions flat at 31 lakh in April. Overall tally rises to 15.40 crore
The number of Demat accounts increased by 31 lakh in April to 15.40 crore accounts with month-on-month (MoM) growth remaining flat and in line with the average monthly additions of 31 lakh in FY2024, according to a press note released by Motilal Oswal Financial Services (MOFSL).
Zerodha, 4 other discount brokers widen lead in active clients vs traditional brokers in April
Top five discount brokers expanded their lead over traditional ones in active clients on NSE, reaching 63.9% share in the previous month, up from 60.1% in April 2023. NSE's active clients rose by 2.6% sequentially to 4.18 crore in April, as per Motilal Oswal.
Punjab National Bank (PNB) to close these bank accounts: Is your account affected? Check here to find out
Punjab National Bank (PNB) has decided to close accounts where there has been no operation by the customer for the last three years and there is no balance in these accounts.
Demat account: From opening to transactions, here are demat account charges you must know
Opening a Demat Account online is a convenient way to invest in the stock market. But before you dive in, it's important to understand the associated charges. Here's a breakdown of the key fees to consider:
Demat accounts cross 15-crore mark for first time after 31 lakh additions in March
While CDSL maintained its market share in terms of total Demat accounts, it saw a month-on-month increase. NSDL saw a decrease of 390bps in market share and 570 bps in incremental Demat accounts YoY
Stock Market Trading for NRIs: A comprehensive guide to 3-in-1 accounts
NRI 3-in-1 Account simplifies Indian stock market investments for NRIs through integrated banking, demat, and trading accounts. It provides convenience, diverse investment options, and seamless fund movement, enhancing trading efficiency and flexibility.
Two insurance rules from April 1, 2024: Demat type e-Insurance Account must to buy new policies, latest surrender charges
Two major insurance rules that are effective from April 1, 2024, are — compulsory e-Insurance policies for new policyholders and the latest the surrender charges of the life insurance plans such as endowment policies. To make it easier for insurance policyholders, we have summarised the main changes here. Read on
43 lakh new demat accounts added in February, total count now stands at 14.80 crore
Central Depository Services (India) Limited continued its market dominance gaining market share in February 2024 in terms of the total number of demat accounts added. It has also seen an increase in market share on a month-on-month basis.
If you encounter a technical glitch on your stock broking platform, here’s what you should do
A staggering 42 lakh new accounts were opened in December alone—50% higher than the previous month—taking the total number of demat accounts to 13.93 crore. The trading volume on stock exchanges has increased over tenfold since 2019-20. However, brokers are finding it tough to handle this frenetic activity. In recent months, users of several broking platforms have been crying foul after facing recurring outages and disruption in services.
Groww founder Lalit Keshre apologises for tech glitch, silent on compensation
Admitting that he should be more proactive in communicating with customers, Groww founder Lalit Keshre said even a few minutes of downtime can have an adverse impact on customers.
Byju’s losses at nearly $1 billion; Swiggy tests higher fee for users
The company is talking to investors to raise around $100 million through a rights issue, which may value the startup at anywhere between $500 million to $1 billion.
Groww app hit by technical glitch, demat account holders demand compensation
Groww, the No.1 stock broker in India, faced a technical glitch on its trading app but resolved it later. Users were unable to log in and demanded compensation. Zerodha, the previous market leader, has also faced technical glitches in the past. Groww has 76 million active clients, surpassing Zerodha's client base. The total number of demat accounts increased to 139 million last month.
Demat a/cs near 14 cr in Dec! How discount brokers fared on monthly basis
The total number of demat accounts increased to 139 million in December 2023. New account additions surged to 4.2 million on December 23 vs average monthly additions of 2.1 million in FY23. Here's a look at how top discount brokers fared last month:
Fintechs cornering SIP business as direct mutual funds gain ground
Data from last year, sourced from asset management companies, showed that on an average SIPs through platforms such as Groww, PhonePe and ET Money ranged between Rs 1,500 to Rs 2,500 against Rs 5,000 for traditional firms.
Your demat account will become inactive when this happens
An trading and demat account is most required for purchasing and selling and holding shares. However the trading and demat account could become dormant if there are sustained periods of inactivity. And no trade can be made through an dormant trading account until the reactivation process is completed. Read here to know more.
Zerodha demat account holders hit with another technical glitch
"Due to an intermittent issue, some of our users are not able to see executed orders in the orderbook. However, the executed orders are updated on the positions page. The holdings and funds page is also not loading. We're working on fixing this and regret the inconvenience caused," Zerodha said in a note to clients.
Zerodha's Nithin Kamath explains why opening free trading accounts is bad for business, customers
It said that if there was no account opening fee to recover the cost, the business could implicitly be pressured to get a customer to transact to recover that cost.
How do I transfer my father's RIL shares, and two other inoperative companies' shares to my demat account?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Demat account charges: Zerodha, AngelOne, ICICI Direct, SBI Securities, HDFC Securities, Groww
There are various charges involved when it comes to maintaining a demat account and it varies with each brokerage.
Demat account: Know the different charges
A Demat account is an account that allows you to hold shares and securities electronically in a dematerialized form. Many are not aware that there are many charges which comes with holding a demat account. Before applying for demat account you should be aware of the various charges associated with it.
Incremental demat a/c additions slip 18% MoM to 16L in April versus 19L in March
The growth rate in incremental demat account additions slowed down by 18% in April, falling to 16 lakh accounts compared to 19 lakh the previous month and 24% lower than the monthly average of 21 lakh for FY2023. The total number of demat accounts increased to 11.6 crore in the same month. CDSL recorded a MoM increase in total and incremental market share, while NSDL's share declined on a YoY basis. Overall ADTO rose 131% YoY and 3% MoM to Rs 243 lakh crore, driven by increased F&O ADTO. The report also provides information on the performance of key discount and traditional brokers.
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