The average investor typically has 2-3 demat accounts with holdings spread across them. The problem with this is that it makes tracking one’s investments and filing taxes a nightmare.

To make it easy for people to move their holdings to their Zerodha account, we’ll now refund all depository charges (DP charges) that you incur to move your holdings to Zerodha. With this charge gone, pretty much everything at Zerodha is free, including investing in stocks, ETFs, direct mutual funds, and bonds.

Even the AMC is more or less free because of BSDA limits, and on top of that we’re making the first-year AMC free. So you only pay if you do intraday or F&O trades.

For all transferred-in stock, we let you enter the acquisition price so that your P&L isn’t messed up and you can track your portfolio properly. We also offer the option to open a secondary demat account if you want to segregate your holdings for whatever reason — short- and long-term investments, for example.

By the way, this is the monthly net delivery of stocks (transfer in − transfer out) at Zerodha. I’ll share an updated chart in 6 months to see if us taking DP transfer charges on our head makes any difference😀

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