Zerodha, technology-driven zero brokerage firm, has set target to have three million user base in three years.
The company's user base grew by 204 per cent in 2017-18 compared to the last fiscal. It has now a user base of over 0.6 million.
According to Karthik Rangappa, vice president (Research & Educational Services), the company plans to have three million customers on board in the next three years (say by 2020).
Coin, the company's mutual fund platform that let the customer buy mutual funds online, completely commission-free, directly from asset management companies, has more Rs 6 billion assets under management. The mutual fund bought through 'Coin' will be in demat form, with a convenience of one portfolio across equity, mutual fund, currency.