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Dalal Street is witnessing a major churn. Between April to Septemberthe net addition of APs was 15, On the other hand, as per the Securities and Exchange Board of India Sebi records, the regulator has approved 13, surrender applications of sub-brokers between April to September This means sub-brokers who desire to continue their business after March 31, are liable to pay Sebi a renewal fee of Rs 5, for the block of five financial years commencing from April 1, The market regulator figures indicate that sub-brokers are increasingly surrendering their registration and getting new registration as APs on the exchanges.

The role of the AP is akin to the role of sub broker like assisting the investors in buying, selling or dealing in securities through stock-brokers. The AP is required to be approved only by stock exchange and does not require registration with Sebi. There were nearly 84, sub-brokers in This number dwindled to 77, by and to 57, by September The number of APs at the end of September was at 1,40, compared to 1,25, as on March A choice has to be made on becoming AP or sub-broker and having both concurrently for same segment is not permitted.

Any person individual, partnership firm, LLP or body corporate subject to the eligibility criteria specified by the Sebi can be appointed by a stock broker as an AP.

According to an NSE member, an individual will have to take separate AP registration for each segment of the market. Why should more APs come to the cash market when retail investors are staying away? Sebi rules say that a stock broker can appoint one or more APs after obtaining specific prior approval from the stock exchange concerned for each such person. The approval as well as the appointment will be for specific segment of the exchange.

This means they can be inspected by the regulator directly. Sebi registration process may take up to two months. Sebi also clearly states that the stockbroker will be responsible for all acts of omission and commission of the AP. He should have the necessary infrastructure such as adequate office space, the necessary equipment and manpower how to become stockbroker in india effectively discharge the activities on behalf of the stock broker.

If any how to become stockbroker in india terminal is provided by the stockbroker to an authorised person, the place where such a trading terminal is located would be treated as the branch office of the stockbroker. Retail and cash markets may be down, but APs are not complaining. Any person who how to become stockbroker in india appointed as such by a stock broker including trading member and who provides access to trading platform of a stock exchange as an agent of the stock how to become stockbroker in india is an Authorised Person or AP.

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Founded in , Zerodha is known for its discount pricing model and innovative use of technology. The company claims to be "India's first discount brokerage" [9] having debuted the " discount broking " model in India that is popular in developed markets. Instead, a flat fee of a maximum of Rs: In December , Zerodha became the first Indian stock broker to offer brokerage and commission-free equity investments.

In early , Zerodha launched " The Rupee tales ", a Box set of five illustrated financial literacy books for children. Authored by Karthik Rangappa, [18] the books have received critical acclaim. Launched in December , Kite Connect is Zerodha's Platform as a service API that enables companies to rapidly develop and deploy stock trading platforms [25] without the complexity of building technological, operational, and regulatory stock broking infrastructure.

Zerodha launched "Coin", its mutual fund platform, in March It offers commission-free direct mutual funds to end users. In , Zerodha launched a free-for-all financial literacy program called Zerodha Varsity [29].

There are over 9 modules on Stock Markets ranging from basics of the markets going all the way to explain advanced trading and investing strategies, market taxation, etc. From Wikipedia, the free encyclopedia. Zerodha Type of site.

Nikhil Kamath - Chess to derivatives, all in a day's work". The Hindu Business Line. The Times of India. How the Bootstrap Champ Zerodha is taking investment to the masses". The New Indian Express. Retrieved from " https: Brokerage firms Financial services companies of India Companies based in Bangalore Online brokerages. Pages using deprecated image syntax. Views Read Edit View history. This page was last edited on 28 February , at By using this site, you agree to the Terms of Use and Privacy Policy.

Bangalore , Karnataka , India.