(L to R): Kalpesh Gohil, Shubhayu Bhol - AVP Sales & Anuj Divekar -Associate Partner
- ANNOUNCES ZERO BROKERAGE AND MUTUAL FUND BUSINESS -
PUNE, 16 MARCH 2016: ZERODHA, India’s leading online brokerage firm, today announces the launch of its web based MARATHI language trading portal KITE and also ZERO brokerage on all equity investments. There will be no upfront fees, no minimum volume, no special terms and conditions, no clauses, no strings attached. To encourage easy investment culture, it also announced the start of its MUTUAL FUND business.
ZERODHA has 5 branches and 6 partner support offices in Maharastra as of now, with Mumbai, Pune and Thane being the main offices and support centers includes Nashik and Solapur. The regional branches and support offices helps in offering superior localise services for clients and also to educate them on innovative initiatives regularly from ZERODHA.
The awareness for stock market participation in India is very low and to attract the 65% of Indian population who are below 35 years of age, ZERODHA has taken significant initiatives including ZERO brokerage, KITE in MARATHI and its MUTUAL FUND platform.
KITE is a minimalistic web based trading platform that adapts to mobiles and tablet. It also offers everything a traditional platform does, and a lot more, through a very minimalistic interface. The interface is so simple and self explanatory, anyone with basic knowledge can login and start trading without training.
Speaking more on this significant development, Nithin Kamath, Founder & CEO – ZERODHA said, “The investment culture has to be nurtured, and we intend to do this not just by offering zero brokerage, but an extremely easy user experience with KITE in Marathi and providing more options for investment with our Mutual Fund platform. Our plan is to reach out to the next 5 million participants who are currently not investing and show them how stock market can create wealth if invested for long term.”
KITE is integrated with an advanced behavioural analytics and visualization platform, called Quant, which helps traders understand their trading behaviour to make informed investment decisions. KITE search across 70,000+ stocks and instruments across multiple exchanges instantly.
Adding more on the development, Shubhayu Bhol, Associate Vice President - ZERODHA, said, "With a trading platform in Marathi, language is no longer a barrier for the trading/investing community. We are certain that KITE's superior technology wrapped up and presented in a local language will not only ensure seamless access to markets, but also make the whole trading experience enjoyable".
KITE also provide live streaming prices for all the instruments and buy sell with just two clicks, or completely using keyboard shortcuts. It has advanced technical analysis charting (99 indicators) and 5 years of free historical data for all stocks.
Apart from MARATHI, KITE is now available in Hindi, Kannada, Malayalam, Punjabi, Gujarati, Bengali, Odia, Tamil and plan is to make it available in other major Indian languages in months to come.
Link to KITE: https://kite.zerodha.com/
To encourage the investing culture among people and to offer a whole gamut of financial services, ZERODHA has introduces its MUTUAL FUND platform. Some of the unique features of the platform are mentioned below:
* Search any fund and analyze historical performance
* Click on Buy for lump sum or one time investment, and SIP (systematic investment plan) if you intend to invest small amounts of money at fixed interval automatically
Currently mutual fund purchases are enabled for only those clients who have ZERODHA demat account.
* Among the first few platforms in India to offer convenience of holding mutual funds in your demat account along with all your stock holdings. A single portfolio view for all your investments
Mutual fund investments similar to investing in stocks at ZERODHA will be absolutely brokerage free.
For the first time in India you can now set conditional orders which track the NAV price. Whenever your preset NAV trigger price is reached, an order with value to buy or redeem mutual fund units is placed.
