I have been a customer of Zerodha for 3+ years. I always does delivery transactions (no intraday/futures). I have faced login issues 2-3 times in a year. The latest ones I remember are during the Brexit and other is in last month. Zerodha server gives-up when ever there is big crash like events.
I have another a/c with ICICI direct, but nowadays I hardly use it. But ICICI never ever have any glitches, simply awesome. The only issue is the premium they charge.
You mentioned you have accounts with ICICI Direct, SMC and Prabhudas Liladhar. You are impressed with the honesty of PL as well. You also mentioned that you primarily use ICICI direct for long term investment. Here you are saying you like to use only one account for better tracking which is understandable. So for what purposes you use SMC and Prabhudas Liladhar, if you are still using those.
I opened ICICIdirect account long time back @2005-2006 and has been using it will @2012 . In between in 2008 , I opened one more demat account with HDFC securities which also ran till @2012. I closed both the account and switched to SBISMART (SBICAPSEC) from 2012.
They have least brokerage and dont disturb with phone calls on recommending stocks (icicdirect , HDFC were worst of it).
Their interface is not that great and sometimes take long to load and their app is very poor as well. I am fine with them as i use only once in a month for SIP and didnât face any stock count issues or excess charges till date.
ICICIDIRECT interface is really good but they charge too high on the commission , HDFC interface during that time was also not that great and in line with current SBISMART screens. Not sure about the latest status.
One point to highlight is they both ICICI , HDFC were eager to open 3-in-1 account in short time . Closing them is not easy as u need to do one by one and take a minimum of 3-6 weeks depending on your negotiation power 
One of my friend is still unable to close ICICI demat account which he has been trying for years.
i used zerodha for 2 months. faced some problems and promptly shifted back to icicidirect. As a financial company, their IT backend is pathetic. i dont mind spending a few extra bucks as brokerage because my transactions are low volume. others may find brokerage a serious concern.
I am using icicdirect, kotak and zerodha .My views as below.
Icicdirect . trading platform is excellent , brokerage too high.
Kotak : trading platform is below average: brokerage too high.
Zerodha : Trading platform is average: Almost Nil brokerage âŚWorried about the data integrity⌠Faced issue with their transaction report ( Annual P&L report was not correct last year, some stocks missed in report , Customer care took long time to give correct report). Seems they still need to work lot on their back-end.
I have been using Zerodha, ICICI Direct and Angel for a while!
I found trading experience is better and faster on Zerodha (apart from 3 major downs during this period)! Both Kite and Pai are good; I like the charts better here, though I would have liked order placement possibility from charts itself. Many innovative platforms are getting added (Smallcase, CoinâŚ) - I find them interesting and one of the recent ones, but havenât yet used is the new algo trading platform⌠Reports from Q-backoffice is good, but occasionally gets the dashboard wrong!
I like ICICI for its investment experience (where brokerages matter relatively less) for its features while buying (VTC, price improvement, triggers, cloud ordersâŚ). While one can do similar things can be done with other brokers, I find the platform is intuitive and virtually error free.
Angel has better research and customer support; Option chain works better in Angel than with ICICI (Zerodha doesnât have it and I wonder why?). Trading platform called âSpeedâ is not great!
Bottomline: Our fortune depends on how well we invest/trade, little on the broker! - even with broker recommendations, it is we who decide when to enter and exit. Suggest go with a broker/platform you like rather than getting caught up on who is better (I like Zerodha for trading; Angel for investing; ICICI for convenience)
One major difference that I have noticed among the three brokerages I use frequently is that when you sell shares through ICICI Direct, the funds get credited to your bank account on the morning of the 2nd day, in accordance with the T+2 rule. Hence, these funds can be used on the T+2nd day.
When you sell shares through HDFC Sec, the funds get credited to your bank account at the end of the 2nd day. Hence, the earliest these funds can be used is on the third day.
When you sell shares through Kotak Sec, the funds get credited to your Kotak Securities account on the second day. You have to then place funds transfer order and thereafter the funds get credited to you bank account the next day. So effectively, you are getting funds in your bank on the third day.
One way of looking at this is that the T+2 rule provides a loophole that HDFC Sec and Kotak Sec take undue advantage of by keeping your funds with them for one extra day. ICICI Direct, however, does not follow this unethical practice.
I am curious which other brokerages do not take undue advantage of this loophole and credit the funds to your bank account on the morning of T+2nd day.
ICICIdirect the details of Security projections / Cash projections are very transport. It is very confusing in case of Kotak ( possible I havenât explored fully).
I have a query regarding ICICI DIRECT. If we want to invest in NCDs via ICICI Direct, there are three type of transactions.
The ICICI direct website mentions 0.75% brokerage in NCDs / Bonds as shown in screenshot below. Does this brokerage apply only in case 3 as mentioned above or will it apply for points 1 & 2 as well? It wonât make sense if brokerages are applied for cases 1 & 2 but there is no clear mention of any other charges as well, hence the doubt.
If anyone has invested in NCDs via ICICI DIRECT, can you please share your experience? Thanks
Hi, Iâm new to investing and relatively very new to dealing with liquid funds and recently Iâve bought Reliance Liquid Bees with daily dividend option and Iâm using Zerodha but I canât manage to view the accumlated units in my backoffice. Is there any way I can check it in backoffice or any other alternative.
Any help will be much appreciated.
Thanks
Nitin
Nitin,
Please check the 3rd page of this document: https://www.reliancemutual.com/FundsAndPerformance/NFODocuments/Reliance-ETF-Liquid-BeES-Presentation-June-2018.pdf
The partial daily dividend units are credited to beneficiary a/c at least once a month. So if it hasnât been a month for your holdings, then wait. If it has been then contact Reliance MF.
Kite (Zerodha) is behaving very weird. In watchlist LTP fluctuates every second. For ex, it shows GSFCâs LTP as 109.x (+2%) and 134.x (+20%) in the very next second.
https://streamable.com/mvlqy
Take a look at Deltacorp/ BEPL/ MOIL/ JMFinancial etcâŚ
I had previously written in appreciation of Zerodha and recently, even gave corporate account to them ( though not wholly!). I should agree with you that the support is horrendous and I havenât been able to withdraw funds for over 4 weeks, because it was transferred to commodity account before it became active! Now considering complaining to SEBIâŚ
I still like the platform with all its limitations, but wonât recommend it anymore
For those using Zerodha,
In case your stocks which qualify under long term holding are not visible in q-backoffice of Zerodha platform or if your average price of Avanti Feeds after bonus did not come to the actual value that it should be, then you should use the following link to view details instead of q > Portfolio > Holdings.
Use this link:
https://q.zerodha.com/report/holdings/
I had the above issue and learnt after calling customer care that this url is yet to be integrated with Kite to reflect the actual holding details and will be live soon. Till then you can use this link to view your actual holdings and their values.
Very useful information. Thanks for sharing.
Its really astounding how the marketspace of brokerages have changed since the start of this thread. Last to fall will be ICICI Securities.
hi,
i am filing my capital gains for the first time and my Chartered acc is not accepting the format of tax p &L available in my zerodha backoffice.
the tax p & l does not have all the dates of sale & purchase which my Chartered acc needs.
zerodha is saying they dont have any such service and are saying to send the tradebook to them but to compute every trade from it and calculate tax p & l is almost impoosible to compute.
can anyone help mw with tax filing from zerodha?
regards
Hi Tarun,
Try this, go to Q backoffice, select Reports and then select tradebook in sub menu.
In tradebook, select All FO, All EQ and All CDS one by one, as per your past FY trade history.
No need to put in the symbol, just select dates as 1st Apr 2017 to 31st March 2018.
All trades will be populated, and ready for download.
Hope that solves your problem.
This should be a good continuation to my post 8 months back.
In the past 1 month, I sincerely hope that some armageddon-like earth shattering bug has hit Zerodhaâs IT systems because they have caused absolute chaos for me and made it impossible to track my portfolio.
Believe it was 15-20 years back in year 2000, around when ICICIDirect started itâs online trading platform. Weâre now in the year 2018 with technology advancing leaps and bounds - so what is the basic, most basic requirement we can expect from our broker???
When we make a trade, it should reflect the following correctly in our portfolio:
1) Avg Buy Price
2) Total Cost / Investment
3) Profit / Loss Amount
4) Gain / Loss %
I mean forget all fancy chart types, stock analysis, different order types, etc etc - this is the MOST BASIC of BASIC things that any broker should be able to provide.
It is absolutely SHOCKING 
that Zerodha is unable to even meet this most basic expectation.
Iâve already highlighted in my post referenced above - Zerodhaâs inability to correctly reflect holdings which have undergone corporate actions. This means, I should simply expect random numbers and figures to show up for all my holdings which have undergone stock split, issued bonues shares, rights issue, demergers etc recently.
Ofcourse, Zerodha has lived up to that expectation perfectly - my holdings in Can Fin Homes, Avanti Feeds, Sintex Plastics etc are all over the place.
Now theyâve set a new benchmark in portfolio tracking - no stock split, no bonus issue, no demerger but still they canât reflect a simple buy trade correctly in the portfolio.
Example below for REC - Iâve calculated Avg Buy Price - 95.96, CMP - 98.2:
This is what theyâre reflecting as of today
KITE
Q Backoffice
**
This is just 1 example from my portfolio recently. TV18, Innovative Tech Pack - stocks where Iâve bought more than a year back and now done some fresh buying - even those holdings are not reflected properly
It is just MIND BOGGLING how such a pathetic quality broker can be Indiaâs no.2 broker
Below is all the list of holdings and potential reasons theyâre not reflecting correctly in my portfolio
I seriously have NO WORDS when half of your portfolio is not being reflected correctly for the past 1 month. I thought it may be a temporary issue, but too much water has flown under the bridge to still overlook this issue and not highlight this crap discount brokerage
Theyâre basically saying to long term investors - Get Out and Get Lost! We are only here to serve intra-day traders who buy and sell the same day and we are not concerned with these menial things.
Time has come to name and shame such an attitude!
PS: For those who might suggest to call them and resolve this, already tried this as well and got the response that they acknowledge this issue and are working on a new system to be rolled out soon - god knows when!
