What is Zerodha 60 day Challenge?

Zerodha 60 day Challenge Introduction

Zerodha 60 Day Challenge

This challenge is more of an opportunity for clients of Zerodha to put their trading skills to a test for 60 market days. Clients also have a chance to get the brokerage generated back to their account from Zerodha for those 60 days. When a user becomes the part of this competition, in a way, he or she is committing to make sure all the effort and time spent becomes worthwhile once the challenge is over.

Users can pick one or more trading segments such as Equity, Future and Options, Currency and Commodity to be part of it.

At the same time, the concept seems to provide an extra kick to users to stay profitable during the entire course of the challenge.

How Zerodha 60 day Challenge Works?

The idea of the challenge is to focus on winning and making profits, rather than just tradingt.

To get started, you need to go to Zerodha 60 Day Challenge home page, click on ‘Start Challenge’ button. The day you click on the button, it becomes your 1st of the total 60 days. However:

  • If the day you start is a weekend, then the next business day becomes your first day of the challenge.
  • Also, if the day you start is a market holiday, then the next business day becomes your first day of the challenge.

From the day you start till the next 60 trading days, your progress will be monitored. These 60 days, in a way imply, 5 business days a week (unless there is any public holiday). To Win the compeition, you will have to be profitable once the duration ends. Thus, if you are profitable* at the end of the 60th day, you will be declared as a winner of the competition.

*Profitable here implies Net Profit after deducting all brokerage charges, taxes, transaction charges etc.

To get started, here are the steps you need to follow:

Zerodha 60 day Challenge

Frequently Asked Questions about Zerodha 60 day Challenge (FAQs)

What does the user get post winning the Zerodha 60 day Challenge?

  • Complete brokerage generated for the 60 day duration (max limit ₹6000) is transferred back to the client’s account.
  • Recognition across multiple channels such as Zerodha website, Social media including Facebook and Twitter, Winner’s page etc.
  • An opportunity to become a full time pro trader at Zerodha and be part of Open Trade where other clients follow you and you get paid for each follow.

Am I supposed to perform regular trading?

Yes, the expectations are that you must be trading on a regular basis.

Are there any rules in this competition of Zerodha 60 day Challenge?

Its a pretty flexible competition but you have to take care of couple of things:

  • You must pick one or more segments as per your preference
  • You must be profitable at the end of the 60th day in your total portfolio

Is there anything fishy about this Zerodha 60 day Challenge?

Well, does not seem like. They will not charge you are ask anything in return. Basically, the idea is to promote trading among the client base with an emphasis of staying profitable. So there are only 2 options from here:

  • Either you stay profitable and actually win the competition, OR
  •  you fail to stay profitable and lose out on some money during the period

Nonetheless, there are no extra charges or penalizations added. Only part where Zerodha wins is that users taking part in the competition, start trading regularly and thus, start generating much more brokerage for the broker. Thus, in a sense, it certainly is an initiative to increase its revenues at the same time.

If this is a competition, is there only one winner?

No, the concept of the challenge is pretty simple. Every member that stays profitable at the end of the 60th day, is declared as the winner of the Zerodha 6o day challenge. There is no limit on the number of winners everyday.

I am a beginner, how can I become part of the competition?

To get started with the challenge, you are required to open your account with Zerodha. To open your account, provide your details in the form below and the executive of Zerodha will call you back:

Get a Call Back from Zerodha

Post this, there are 2 ways to get started.

  1. If you have an Aadhar card, then the account opening process can be completed in a few minutes.
  2. Otherwise, you need to provide few documents to start your account opening process. The documents requires are as follows:
    1. ID Proof
    2. An address proof
    3. Bank statement for the last 6 months
    4. Passport sized photograph
    5. AMC fees (if applicable)
    6. Trading Account cheque

Once you are done with this, your account gets opened within 2-3 business days.

Zerodha Membership Information:

Here is the membership information of the broker with different exhanges and intermediate parties:

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