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Fractional shares arise due to stock splits, bonus shares and similar corporate actions. Therefore in this case you are entitled to receive 4.5 additional shares for the 9 shares you hold. After receiving the 4.5 shares, your total number of shares would 13.5.
Can Zerodha be used for international trade?
No, presently investing in stocks listed in foreign stock exchanges is not possible through Zerodha. If you wish to invest in US stocks such as Apple, Google, Facebook, Amazon etc or just have some exposure to global markets then, international mutual funds is the easiest way.
What happens to fractional shares in a stock split in India?
There is no change in the value of a company when a stock splits, such as its market capitalisation, and there is no change in the value of the investor’s holdings. Fractional shares represent a portion of an equity that is less than a full share.
Can you trade fractional shares?
Fractional shares don’t trade on the open market; the only way to sell fractional shares is through a major brokerage.
Can I use Zerodha from Europe?
In the case of an offline account opening, Zerodha takes up to 2 working days to open your account. , India’s largest brokerage. Hey, yes, you can use Kite from any country if you have an account with us already. There are no restrictions.
Can I trade in Zerodha from Dubai?
Zerodha NRI Demat account To trade in the Indian market, NRIs need to open a Demat account in India. Zerodha is registered with CDSL and offers an NRI Demat account for Indians residing and working overseas.
How much exposure does Zerodha give for delivery trades?
NSE/BSE Equity: Zerodha has a policy of giving up to 20 times exposure on a broad spectrum of stocks; no margin is given for delivery trades. The client needs to have enough money in his trading account to take delivery of shares failing which Zerodha can cut the position.
Does Zerodha provide client funding for futures and options?
NSE/BSE Futures and Options: Zerodha does not engage in the business of Client Funding. Clients are required to have sufficient balance in their accounts to hold/carry forward positions. NSE/BSE Futures and Options: Leverage provided here is subject to market conditions and changes in its proportion are dynamic.
What margin does Zerodha block for overnight trading?
Zerodha blocks only SPAN margin for overnight positions on commodities. The exchange has offered a provision for brokers to collect an Additional Margin of 5\%, which Zerodha has chosen not to collect at its own discretion and passed on the benefit to its clients. Basket orders will not be allowed on penny stocks.
Who is the founder of Zerodha?
Founder, CEO. Nithin bootstrapped and founded Zerodha in 2010 to overcome the hurdles he faced during his decade long stint as a trader. Today, Zerodha has changed the landscape of the Indian broking industry.