Today’s article will discuss How to Sell Stocks in Zerodha? Before that, we will understand what is stock’s holding and holding types on the same.
Holding in Zerodha
Zerodha is an Indian brokerage firm that offers a wide range of services to its customers, including online trading and investment services. The specific stocks that Zerodha holds will depend on the individual portfolios of its clients. Zerodha does not disclose the specific stocks that it holds for its clients, as this information is considered private and confidential.
However, Zerodha allows its clients to invest in all the stocks listed on the NSE and BSE as well as the ETF’s, Mutual Funds and Bonds.
Zerodha also allows its clients to invest in the derivative market, currency, and commodity market.
In Zerodha, there are different types of holdings that customers can have in their account, including:
|Equity holdings||These are the shares of stock that a customer holds in their account. These can include shares of individual companies as well as shares of index-based exchange-traded funds (ETFs) such as Nifty BeES|
|Mutual fund holdings||These are the units of mutual funds that a customer holds in their account.|
|Bond holdings||These are the bonds that a customer holds in their account.|
|T1 Holdings||These are the shares or securities that are held in a customer's account and are used as collateral for margin trading. T1 holdings are considered to be the customer's own shares or securities and can be used to pledge as collateral for trading in the stock market.|
|T2 Holdings||These are the shares or securities that are borrowed from Zerodha for margin trading. These are the shares or securities that are not present in the customer's account but are used as collateral for margin trading.|
|Derivative holdings||These are the futures and options contracts that a customer holds in their account.|
Can I Sell T1 Holdings Stocks in Zerodha?
An individual can sell stocks on T+1 day bought the previous day, which is known as quick trade or more commonly called Zerodha BTST (Buy Today, Sell Tomorrow).
How to Sell Stocks in Zerodha?
Time Needed : 2 minutes
Here are the steps to sell stocks in Zerodha
- Log in to your Zerodha account
Go to the Zerodha website and log in to your account using your username and password.
- Navigate to the trading platform
Once you are logged in, navigate to the trading platform by clicking on the appropriate link or button.
- Search for the stock you want to sell
Use the search function to find the stock you want to sell.
- Place a sell order
Once you have located the stock, you can place a sell order by selecting the stock and specifying the number of shares you want to sell. You can choose to place a market order or a limit order.
A market order will execute the trade at the current market price, while a limit order will only execute the trade if the stock reaches a specific price.
- Review and confirm the order
Before the order is executed, you will be prompted to review and confirm the details of the trade, including the number of shares, the price, and the type of order.
- Monitor your trade
After you have placed your order, you can monitor the status of your trade through the trading platform.
- Track your investment
You can track your investment through your Zerodha account or through the website of the ETF provider.
Sell Stocks after Market Hours in Zerodha
In Zerodha, it is not possible to sell shares after market hours.
The stock markets are open for trading during specific hours of the day, and all trades must be placed within those hours.
After market hours, the trading system is closed and no orders can be placed or executed. If you want to sell your shares, you will have to wait until the markets are open again.
However, Zerodha does offer an after-market order (AMO) option for its clients. With an AMO order, you can place your order after the market closes,
and it will be executed at the next available market price when the markets open. This feature is only available for equity delivery trades and not for intraday trades.
You can also place a GTC(good till cancelled) order which will remain valid until you cancel it or the order is executed.
Here are some frequently asked questions about selling stocks in Zerodha:
- What is the process for selling stocks in Zerodha?
The process for selling stocks in Zerodha involves logging into your account, selecting the stock you wish to sell, and placing a sell order. The order will be executed at the next available market price.
- Can I sell stocks on margin in Zerodha?
Yes, Zerodha offers margin trading, which allows you to sell stocks on margin. However, it is important to be aware of the risks associated with margin trading before using this feature.
- What are the fees for selling stocks in Zerodha?
Zerodha charges a brokerage fee of 0.03% or Rs 20 whichever is lower for selling shares in intraday and 0.1% or Rs 20 whichever is lower for delivery trades.
- Can I set a stop-loss order when selling stocks in Zerodha?
Yes, Zerodha allows you to set stop-loss orders when selling stocks. This can help you limit your losses if the stock price drops.
- How long does it take for the funds to be credited to my account after selling stocks in Zerodha?
The funds from the sale of stocks in Zerodha will be credited to your account on the T+2 day. T being the day of trade.