Page 10 - Zerodha
Brokerage firm Zerodha plans three million user base in three-years
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 600 crore 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. One can start, stop or modify SIPs anytime they want and the first Rs 25,000 worth of investments would be free.The company plans to foray into insurance products- both general and life insurance.In Odisha, Zerodha has offices in ...
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Online brokerage Zerodha eyes Singapore foray
Post Singapore roll out, firm plans to tap the market in Europe