If you have been a trader for a while, then you must be aware of the name – Zerodha. But for newcomers in the trading industry, it is necessary to learn the various aspects of a broker before subscribing to their facilities. So, let’s talk about Zerodha Review in detail.
Although Zerodha is a new brokerage firm, it is well known by almost every investor or trader of the industry and is the first-ever discount brokers of India.
The discount broker is registered with SEBI (Securities and Exchange Board of India) and a member of Central Depository Services Limited (CDSL), National Stock Exchange of India (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Exchange (MCX).
The services offered by this broker are very similar to that of other discount brokers and full-service brokers. Still, there is a differentiating factor that has made it the top broker in the industry.
Wondering what it is?
Well! It is the low brokerage charges.
Traders always look ahead to save their money and to earn the maximum from the trade. In such cases, paying high brokerage charges is something that disappoints them.
You must be wondering that low brokerage charges are obvious due to it being a discount broker. But then, we never said it is the only factor.
Undoubtedly, many small services add to the characteristics and increase the company’s popularity exponentially.
Such initiatives easily create brand trust among the current and potential client base. At the same time, this discount stockbroker as an employer has more than 1300 employees throughout the country.
Another vital aspect to discuss under the umbrella of Zerodha Review is the total revenue and profit. The discount broker reported its total revenue to be ₹850 cr and a profit of ₹350 cr in the Financial year 2018-19 at SEBI.
This data implies that it is in decent profits, which translates to it being one of the country’s safest stockbrokers. It is famous for the regular innovations and breakthroughs in the financial investment industry.
Its products and collaborations, such asSmallcase Zerodha and tie-up with IDFC Bank, are trying to keep the overall investment and trading process uncomplicated and straightforward for clients.
You can now invest in more than 2000 direct mutual funds using your Zerodha Coin account. This product is another recent initiative by the broker to enlarge its product base for existing clients and, of course, the potential client base.
The trading platforms by Zerodha are an essential contributor to the Zerodha Review.
Multiple trading platforms like Zerodha Coin, Zerodha Kite, have added an undeniable contribution to the Zerodha rating.
Zerodha allows trading at low brokerage rates, and for traders planning to trade only in the delivery segment, there is no brokerage at all. In other segments as well, the brokerage is pretty low (explained later).
Zerodha has a total registered active client base of approximately 2.5 million according to the latest numbers issued by NSE on its official website.
When you buy or sell securities from the share market, you need a separate account for such activities. That account is called the Trading account, and Zerodha extends this facility. This point is vital in the Zerodha review.
This account is different from the Demat account since the storage of the bought securities is outside the scope of the trading account.
Kite Mobile is a mobile app version of the Kite Web and carries all the functionalities present in it. The tool was launched in November 2015 and can be used on all kinds of devices, including Desktop, laptop, mobile & tablet.
The latest Kite 3.0 version was launched in June 2019. It has competitive features and a more comfortable interface. Here are some of the top features of the app:
Fast trade execution speed.
Biometric login and enhanced security.
TradingView charts with ChartIQ.
One-tap universal instrument search for all contracts across all exchanges – NSE,BSE, MCX.
Kite Connect is marketed as ‘Platform As a Service’ and is undoubtedly an important contributor to Zerodha review. This tool is basically a set of simple APIs used as building blocks for building Zerodha’s web-based trading platform, Kite.
This platform allows the clients to get programmatic access to valuable data points such as profile and funds information, order history, positions, live quotes and so on.
At the same time, it enables users to manage the portfolio as well as place orders at their convenience.
With Kite Connect API, users can build their own trading experience. This platform executes more than 2 million trades everyday and has more than 200 million HTTP requests each day.
This service has been discontinued by Zerodha recently.
This platform is a unique proposition by the discount stock broker where a user can get real-time updates on trade from profitable traders to learn and improve their trading skills and, thus, make better decisions.
New users can follow traders and, thus, improve their trading skills over time. This platform is exclusively open to the clients of this discount stockbroker and played a significant role in Zerodha Review.
In today’s socially connected world, Zerodha has experimented with a social advisory initiative where the broker selects a set of traders from its trading community. These selected traders are filtered based on their profit trends while trading.
Regular traders or beginners, or anyone can follow these selected traders and see what trades they are placing. The selected traders are provided with some fee charged as a subscription charge from the traders following them.
Thus instead of going for any advisory services, you may choose to follow such traders within this platform and place your trades accordingly.
Here is a glimpse of the look and feel of the tool:
Zerodha is known for a wide range of trading platforms, and the focus of these trading platforms is primarily on speed and user experience. However, still, at times, these software programs fail to handle huge traffic numbers.
The Coin is a recent initiative by Zerodha that allows clients to invest in mutual funds directly without any distributor or fund house.
This platform is a first of its kind initiative where clients can place orders to buy mutual funds by clicking a couple of buttons after choosing the mutual fund.
Since this feature is exclusively available for the subscribers of this broker, it is necessary to include it in the Zerodha review.
The login page of the web version of this platform looks like this:
It’s highly attractive for people who want to place less risk through their investments and want a reasonable return. This platform houses mutual funds from more than 40 fund houses and has an active user base of 2.5l.
A total of 4,500 cr have been invested via Zerodha Coin.
The features of this app are:
Flexibility to create, pause, and modify the SIPs.
Discovering and searching for new funds.
Viewing Scheme Holdings with multiple filters.
Short videos with fund managers are included to explain the details and management philosophy.
Instant payments using UPI.
There is an evenZerodha Coin Mobile App version for traders who prefer investments through their mobile phones. A few screenshots of the app are as follows:
It is another free software application of Zerodha that comes under the News & Magazine category.
It is a stock market news app for Android and iOS platforms. It helps traders in making investment decisions by offering them the latest financial and market news from different sources like Money Control, Economic Times, Business Standard, etc.
No wonder, the app is helpful and beneficial as it keeps investors updated with real-time news sources. This app gives an additional edge to Zerodha review.
To experience, download the app now. A sneak peek into the app look is below:
Zerodha Streak is one of the latest additions to the discount broker’s armory of trading applications and tools. Although Streak is a separate entity, Zeordha (through Rainmatter) has invested an amount of ₹2.25 Crores in it.
Streak is basically analgo trading analysis and signaling tool that directly helps you to use algorithms in your trades. It is listed with the best trading app India.
Zerodha Sentinel is a price alerts tool that provides you with notifications even if you are not logged in the system. The tool comes with around 15 pre-defined conditions that a trader like yourself can configure as per your requirements and get notified on specific stocks or indices.
Sentinel comes in both free as well as paid versions. The free version allows 30 triggers while the paid version offers 100+ triggers with advanced alerts mechanism.
Here is a video reference for you:
You can signup in the Sentinel using Facebook, Google, or Zerodha Login. The screenshots for the same are as follows:
Access to the broker’s back office eases a plethora of things for the trader or investor. The console is the back office portal of Zerodha. This portal is easy to use and was launched in the year 2018.
Before this update, the back office was called – ‘Zerodha Q’. Zerodha Q was the first back-office portal by Zerodha, launched in 2014.
It has been integrated with Zerodha Kite, and the new portal, Console, has been loaded by much more advanced technology.
The update of the back office portal has helped the broker gain popularity among the trader, and the Zerodha review would be incomplete without its mention.
The features of Zerodha Console are
Traders can download margin statements, contract notes, etc.
A host of analytical tools like a P&L heat map, trade book heatmap, etc. can be accessed.
Multiple report retrieval.
Viewing and tracking multiple portfolios.
Keeping an eye on trading and demat accounts.
Requesting a withdrawal.
A few sneak peek into the looks of the Console has been attached in the form of screenshots.
Zerodha is one of the few stockbrokers in India that providesstock market education content to users. You don’t need to be a client of this discount broker to access these education pieces, nor you need to buy any subscription.
The broker provides this educational content for free for all its website visitors. Also, a Varsity mobile app is there to assist the mobile-based learners. A screenshot of the app is as follows:
The content covered is useful for all kinds of traders, whether you are a beginner, intermediate or advanced level trader.
Here is a video reference for you to understand it:
The web version of the app looks something like this:
Apart from Varsity, Zerodha has recently invested an amount of around ₹2 Crore intoLearn App Zerodha, which is a video-course-based stock market education portal.
Lastly, a community named ‘Trading Q&A’ is also a Zerodha portal. This portal is dedicated to discussions and doubt clearing.
Zerodha Trading Review
After learning about the various trading platforms of Zerodha, a need to tabulate the points contributing significantly to the Zerodha review is mandatory. So, here’s a table with Zerodha trading review, comparing the mobile trading platforms.
Once you open the account with Zerodha, you will be provided with the unique client ID and password.
These login credentials are sent to you to your email address registered with the broker.
You can use this ID to login to the Demat account and trading account. Other than this, user id and password is used universally to access different apps, trading platforms, and back-office of Zerodha.
It makes it easy to remember the credentials, right?
The discount stockbroker offers the following communication channels to its clients for using customer services:
Branches and Partner Offices
Raise a ticket on the website
As can be seen, the broker offers multiple communication channels for its clients to reach out to them. Furthermore, sometimes, customer service lags in terms of quickness and actual resolution quality.
The support executives’ communication skills can also be improved as the brand Zerodha gets reflected through these touchpoints.
Although, as seen in many forums, Nitin Kamath, CEO of this discount broking firm himself, tries to resolve some of the queries raised by the users, that attitude certainly needs to be sprinkled across the customer relations team.
“This discount broker runs aZerodha 60 day challenge where users trade for 60 days and can claim to win back all the brokerage generated for that period.”
As a discount broker, it does not have an in-house research team for its clients, but it has come up with solutions such as Open Trade, where users can connect with heavy traders and learn from their experiences on a real-time basis.
Other than that, clients need to perform their analysis and research for trading or investing in the stock market. The Zerodha review has a lesser contribution to this aspect due to Zerodha being a discount broker.
They have also recently collaborated with Thomson Reuters for advanced reports named StockReports+. With this feature, the clients of Zerodha can subscribe to different paid plans and receive multiple reports of various listed companies.
The plans are based on the specific frequency you are looking to subscribe for:
1 Month: ₹150
6 Months: ₹850
1 Year: ₹1440
Suppose you are opening an account expecting that the broker will provide you with regular intraday tips or fundamental research of any kind. In that case, you need to understand that it will not be possible. Like any other discount broker, Zerodha does not provide any research, tips, or recommendations to its clients as such.
Simultaneously, there are a fewZerodha Intraday tips you may follow while trading through their trading platforms.
With that said, be wary of a few executives who may go ahead and make false promises to achieve their incentives. If they claim strongly, request them to show the same on the broker’s website to confirm their claim.
These false claims downgrade the overall Zerodha review.
If you wish to code your trading strategy, you can do so using the Zerodha expert advisors platform.
First of all, you are required to code your strategy using the Tradescript tool, and then you can back-test and check out the past performance of this strategy using Zerodha Pi.
You can pick from more than 50 pre-coded strategies.
If the strategy works well in backtesting, you need to take it to LIVE and, thus, generate buy or sell signals for your trades.
Next, let’s talk about money.
In this Zerodha Review, we will be talking about different facets of its pricing structure. Here we go:
As a prominent discount broker, it offers equity delivery investments at ₹0 brokerage, which is free. Intraday equity trading, as well asZerodha futures & options trade, are at ₹20 or 0.01%, whichever is lower of the two, per executed order.
Even after charging the least brokerage charges, Zerodha can gain much profit. To learn more about the revenue of the company, readZerodha Valuation.
Here is the detailed layout of the pricing structure:
Zerodha Account Opening Charges
To open an account with this discount stockbroker, you need to pay the following account opening and maintenance charges (payable every quarter):
Trading and Demat Account Opening Charges
Commodity Account Opening Charges
Annual Maintenance Charges (AMC) for Demat Account
₹300 + 18% GST/ year
These lower charges enhance the final Zerodha review rating.Although if you choose to open an account offline, you’ll be charged ₹300additionally.
“There is no minimum balance requirement by Zerodha that its clients need to fulfill. It’s up to their preference, and accordingly, the trading account balance can be used for trading.”
Depending on which particular segment you are looking to trade or invest in, corresponding brokerage charges will be levied against your account. The Zerodha review is heavily dependent on this aspect.
Here are the complete bifurcated details on brokerage and other charges concerning each segment:
Zerodha Delivery Charges
These are the brokerage charges levied by the discount broker in the Equity delivery segment:
Zerodha review would be unexecuted without the discussion of the margin facility.
Although a Zerodha client does not get much leverage on buying or selling, still here are the details of whatever is open:
*For people who don’t understand the concept of Exposure or leverage, it is a short-term loan offered by the stockbroker to its clients so that they can trade or invest at a much larger scale. The loan is provided at an interest rate in the range of 15% to 20%.
There are multiple ways for you to transfer the funds to your trading account balance. More choices enhance the customer experience and help in Zerodha review. The various methods of fund transfer are:
This method is an easy way of transferring funds from your linked bank account into your trading account at Zerodha, but at the same time, you will be charged ₹9 per transfer.
Another simple way of online funds transfer and like, Zerodha Trader will also cost you ₹9 per transfer.
With this Quick and free fund transfer method, your funds will be immediately transferred to the trading account.
This transfer mode is free, but it will take a few hours for the funds’ transfer to happen.
The User Payment Interface or UPI is the latest way to transfer funds using a UPI Id. The amount is directly debited from the corresponding bank account.
With this offline method, you can undoubtedly transfer funds to your trading account through the cheque slip of your linked bank account. A scanned copy of the dropped cheque will be required to be submitted if you use this method.
Withdrawals can only be made through the back office where you need to raise a request, and all the requests are processed within a day or two.
If you are looking for anNRI Demat account for your stock market investments, then Zerodha provides a provision for its Non-resident clients. This feature by the broker adds a lot to the Zerodha review.
However, you will not be able to trade in the currency or the commodity segments. You will be required to provide a PIS letter from the Reserve Bank of India. Your bank will be able to assist you in getting this letter.
The discount broker can currently take in clients who have a PIS from Axis Bank, Yes Bank, or HDFC Bank. You are required to take care of the following documentation to take steps ahead:
Indian Address Proof
Bank Account Proof
If the broker lists its holidays on its website, it enhances user satisfaction and translates to a better Zerodha review. Here is a list of holidays this discount broker for the current year:
Fri, 21 Feb 2020 Mahashivratri
Tue, 10 Mar 2020 Holi
Thu, 02 Apr 2020 Ram Navami
Mon, 06 Apr 2020 Mahavir Jayanti
Fri, 10 Apr 2020 Good Friday
Tue, 14 Apr 2020 Dr.BabaSaheb Ambedkar Jayanti
Fri, 01 May 2020 Maharashtra Day
Mon, 25 May 2020 Eid-Ul-Fitr (Ramzan Id)
Fri, 02 Oct 2020 Mahatma Gandhi Jayanti
Mon, 16 Nov 2020 Diwali Balipratipada
Mon, 30 Nov 2020 Gurunanak Jayanti
Fri, 25 Dec 2020 Christmas
Without compiling the disadvantages, the Zerodha review would be inclusive. Here are some of the issues you might have to pass in case you are or want to be a client of this discount broker:
Few concerns of software malfunction happening in few cases reported, especially in smaller cities.
No research reports, market tips, or quarterly results as it is a discount broker.
Not much exposure is offered to clients across segments.
Good till Cancelled/Date orders available only for the commodity segment.
Call and trade facility is provided at a specific price and is not free.
In total, 441 complaints have been lodged at NSE (National Stock Exchange) against Zerodha by its clients. Out of which, 362 have been resolved.
In most of the Zerodha Customer Reviews, we have seen that the significant concerns are reported in their customer service, issues with order execution through Kite Mobile App (at times), and narrow margin. If you have gone across any such experience, feel free to share in the comments section below.
The broker’s membership information with different exchanges and intermediate parties is a key aspect of the Zerodha review. They are as follows:
Zerodha, #153/154, 4th Cross, Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore - 560078, Karnataka, India
Remove – Nsdl, ncdex.
The details can be verified from the corresponding websites of the exchanges.
Zerodha Head Office Address
As mentioned above, the discount broker is based out of Bangalore. For any direct contact with the broker, a customer chooses to visit or contact the head office. Thus, it is an inalienable part of Zerodha review.
Here are its address details for your reference:
#153/154, 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore – 560078
Furthermore, the broker has more than 120 branch offices, partner offices, and support centers.
Zerodha was established in 2010 as the first discount broker in India. It was founded by Mr. Nithin Kamath and has grown into a massive company with their constant efforts.
Moreover, it was the one that introduced the concept of discount broking in India. Post this introduction, the overall dynamics of the stockbroking space has seen an enormous transformation.
Currently, Zerodha is the best discount stock broker in India. It is good with pricing, customer education, trading platforms, and thus, these are some of the reasons why they have been able to grab a high client base every year.
With the multiple services and most technologically advanced trading platforms, Zerodha has grown to be a massive competitor for full-service brokers.
It has the highest client base presently and is working continuously to improve its services and facilities. Further, with 13 platforms for varied aspects, Zerodha has undoubtedly captured the market of trading platforms.
It is also the first discount broker to extend 3 in 1 account facility, which is majorly common for the bank based stock brokers.
Their customer support and offerings in exposure or margin are a couple of areas where they need to get better. The brand, Zerodha has created for itself must be consistent across multiple facets of the broker.
We sincerely hope this Zerodha review has helped you in gaining informative insight into the stockbroker. If you still have any queries or doubts, you can comment below.
Don’t you think the Zerodha review must answer some of the Frequently asked questions about the discount stockbroker with complete information?
So, here are a few of them:
What is Zerodha?
Zerodha is a leading discount broker in India. It offers low brokerage charges across investment segments because it suits people looking to place multiple trades daily. Moreover, the broker provides excellent performance in its trading software and average customer service. The broker has its headquarters in Bangalore but has over 120 other cities across different parts of India.
Last checked, the discount broker had an active client base of over 2.47mn and is the number one broker in India in terms of its client base. This huge client base does the talking in Zerodha review. Doesn’t it?
Is Zerodha a Reliable Stock Broker?
If you are thinking about the reliability of its trading platforms, then yea, most of the time, all of its trading platforms perform well. Be it speed, order execution performance, features – you can undoubtedly rely on this discount stockbroker.
There are instances of high traffic where one or more applications get stuck, hang, or freeze. So it is advised to use a desktop or phone with a decent configuration to have a seamless trading experience.
Is Zerodha a Depository Participant or Not?
Yes, it is now. Before 2016, Zerodha had a partnership, but they are currently registered as a Depository Participant.
Is Zerodha Trustworthy? How Safe is Zerodha?
Yea, absolutely and this article on Zerodha review is a live reason. But, we’ll compile some of the significant reasons for you:
This discount stockbroker was incorporated in 2010, so it has been a good ten years since its establishment.
They filed a profit of ₹350 Crore for the Financial year 2018-19.
Has an employee strength of more than 1300.
Does a daily turnover of ₹2000 crores.
These reasons give a clear idea that this discount broker has been able to see scale and growth in the last ten years of its existence, and thus, clients can assume that it is a safe discount broker.
Although you can upload the documents through their online portal while registering yourself as a client of the broker, you can also send the hard self-attested copies to Zerodha as well.
These documents need to be sent to:
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore – 560078
How Zerodha Works? How Zerodha Makes Profits with Zero Brokerage?
Zerodha works as a broker that, instead of charging you a percentage of your trade value, charges you with a fixed maximum brokerage of ₹20 except in your delivery trades (which is free).
Since they do not provide research, offline assistance, etc., their operational costs are relatively lower than those of full-service brokers.
This discount broker plays a volume-based game and keeps its charges low so that the overall revenue and profit are sizable. Apart from that, Zerodha comes up with various subscription-based products that bring additional revenue streams for the broker from time to time.
I forgot my Zerodha Password? How can I recover?
Retrieving yourZerodha password is a pretty straight-forward task. All you need to do is click on the “Forgot Password” link shown on the Kite login page.
Enter your registered Email Id, PAN number, along with your User Id and submit.
A new password will be auto-generated, and you can log in to your Zerodha account using those credentials. Simultaneously, you are suggested to change your password as per your preference right after you log in for the first time with the auto-generated password.
I forgot my Zerodha User Id? How can I recover?
Your UserId is a 6 character alphanumeric Id that is used across platforms. In all the communication emails and definitely in your welcome email post account activation – this UserId is mentioned.
In case you do not have access to the system, you may choose to call Zerodha Customer Care with your registered mobile number, provide the executive with your PAN number and DOB – the UserId will be confirmed to you over the call itself.
What is the maximum brokerage charged by Zerodha?
First of all, the broker does not charge anything on the delivery trades while in other products you are charged ₹20 or 0.03% of your trade value, whichever is lower. Pretty sweet deal!
What are the different Zerodha Order Types Available?
This discount broker, through its different trading platforms and call & trade facility, allows its clients to trade in various types of orders as listed below:
Yes, you can do that in both direct and indirect ways. The indirect way is the conventional route where you can place buy orders on the chosen mutual funds. In a direct way, you can choose to use Zerodha Coin that gives you a ready to use platform to directly see the trend and patterns of mutual funds. This application gives you a provision to place direct mutual fund orders.
Yes, the retail clients of the discount stock broker can avail the feature of automated trading.
How is the mobile app of Zerodha?
The mobile app is called Kite mobile and it is certainly one of the best-performing ones in the industry. You can check out the detailed review ofZerodha Kite Mobile App.
How are the webinars offered by Zerodha on Youtube?
The discount stock broker provides webinars on its Youtube channel on a regular basis. These webinars are based on the trading platforms offered by the broker where different experts walk-through the features of this software.
How much is the Equity Leverage offered by Zerodha?
Leverage or margin varies by the script. It also depends on the volatility in the market for that particular day.
The broker offers a tool calledSPAN Calculator where users can calculate the margin requirements for option writing/shorting or for multi-leg F&O strategies while trading equity, F&O, commodity, and currency.
What are Zerodha rates for account opening?
To open a trading account and demat account, you are charged ₹200 and for the commodity account, the cost is ₹100. Both of these charges are one-time costs.
What are the Zerodha yearly charges?
Users are required to pay ₹300 + GST as annual maintenance charges or AMC on a yearly basis to this discount stockbroker. Although, these charges are deducted every quarter.
I want to change my bank account linked with my Zerodha trading account. How can I do it?
If you are looking to change your primary bank account details, you need to fill in theAccounts Modification Form with specific information. Along with that, you need to provide a valid bank account proof, which can be any one of the following:
Personalized Cancelled Cheque with your name printed on it
Self-attested Bank Statement
Self-attested Bank Passbook
The documents are then required to be sent to the broker’s headquarters in Bangalore.
Can an NRI open a Demat account with Zerodha?
Yes, an NRI can legally open a demat and trading account with Zerodha; however, trading is not allowed in Currency and Commodity segments for such accounts.
You are required to obtain a PIS (Portfolio Investment Scheme) permission letter from the RBI along with the rest of the documents.
The bank where you have opened up your NRI account will assist you in getting the PIS once you provide them with a few documentation.
In order to open an NRI demat account, you need to provide the following documentation:
PIS permission letter
FEMA declaration copy
Overseas Address Proof
Indian Address Proof
Bank Account proof
23. Can a Student open a trading account with Zerodha?
As long as you are looking to trade in derivatives, Yes – a student can open a trading account with Zerodha. All you need is to be of 18 years of age and have a valid PAN card.
Only income proof is required for derivative trading.
IPV orIn-Person Verification is definitely mandatory, not only with Zerodha but with all the registered stockbrokers in India.
Though an IPV, an in-person meeting is done by the executive of the broker with the client to confirm that the person who provided the documentation and the one being met are the same. This has been relaxed recently by the regulatory bodies and now the same verification can be done online through different video call mechanisms.
In the case of Zerodha IPV, this can be done through a webcam or even by Skype/Whatsapp call. An OTP will be sent to the registered email/mobile number and the client needs to show the same OTP on the screen in order to validate IPV.
A screenshot is taken as a proof for any future references and the whole process gets completed within a few seconds without any requirement of a physical meeting.
As mentioned earlier, the discount broker now offers Government securities, bonds including the Sovereign gold bond scheme. In this scheme, you can invest in Gold and get a fixed return of 2.5% along with the regular market returns on Gold on a yearly basis.
Kite application can be used for this investment.
What is Zerodha Smallcase?
With this, users are given a provision to use the concept of thematic investing in their investments.
Once you log in to the Kite application, look for the ‘More Options’ section.
For instance, if you are placing a Bracket order, you will input fields of Stop Loss and Target Price. Here you can enter the stop loss value and may choose to ignore the target price and thetrailing stop loss fields.
In case you are placing a Cover order, there will be a range displayed along with the Stop Loss field. You can enter any value between the range in that field to set the stop loss.
Want to Open a Demat Account? Please refer to the form attached below
Know more about Zerodha
In case you are looking to know more about this discount broker, here are some reference articles for you: