- LAUNCHES INDIA’S FIRST WEB BASED REGIONAL TRADING PLATFORM ‘KITE’
- ANNOUNCES ZERO BROKERAGE AND MUTUAL FUND BUSINESS
Hyderabad, April 20th, 2016: ZERODHA, India’s leading online brokerage firm, today launched its web based trading portal KITE in TELUGU.It also announces ZERO brokerage on all equity investments and the start of its MUTUAL FUND business.
For ZERO brokerage, there will be no upfront fees, no minimum volume, no special terms and conditions, no clauses, no strings attached.
Andhra Pradesh & Telangana forms one of the most important markets for ZERODHA and currently, it has 2 branches and 11 partner support offices to meet the ever growing client requirements. With branches in Hyderabad and Vijayawada, it has partner offices across cities like Vizag, Rajahmudry, Tirupathi, Ananthapur, Warangal, Guntur to name a few.
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 Telugu 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, Karthik Rangappa, Vice President – Equity & Research, ZERODHA, said, "With a trading platform in Telugu, 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 TELUGU, KITE is now available in Tamil, Marathi, Kannada, Malayalam, Punjabi, Gujarati, Bengali, Odia and plan is to make it available in other major Indian languages in months to come.
Link to KITE: https://kite.zerodha.com/
ZERODHA’s NEW MUTUAL FUND PLATFORM
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:
Easy execution
* 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.
Mutual funds in Demat
* 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
Zero fees
Mutual fund investments similar to investing in stocks at ZERODHA will be absolutely brokerage free.
Net Asset Value (NAV) tracking conditional orders
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.
Link to ZERODHA MF: https://mf.zerodha.com/
