Guest User
Welcome! Please login.
DP (Depository Participant) charges are levied by a depository (CDSL and NSDL) and Depository Participants means broker (Zerodha). Zerodha, being a CDSL depository participant levies DP charges on the outflow of stocks from clients Demat account means whenever any client sells their holdings i.e. stocks, mutual funds, etc. from their trading account, then DP charges would be applied.
Zerodha DP charges = CDSL Depository charges Rs 5.5 + Depository Participant Zerodha Broking Ltd charges Rs. 8 = Rs 13.5 + Applicable GST.
The DP charges by Zerodha will be only applicable if the client has hold security for more than a day, otherwise, if a security is being sold on the same day, then such charges won’t be levied. Further, if you’ve sold more than a holding, then DP charges would be levied separately for both the securities.
Important note: On May 3, 2019, the discount broker Zerodha made the mutual funds redemption from Zerodha account free by removing the DP charges of Rs. 5.5 + applicable GST.