You can open a Zerodha trading account for a SEBI-registered PMS (Portfolio Management Service), AIF (Alternative Investment Fund), or FPI (Foreign Portfolio Investor) account by submitting the required documents. Institutional accounts have different brokerage charges compared to regular non-individual accounts. The account opening charge is ₹500.
Documents required
Your custodian handles KYC for PMS/AIF/FPI accounts. Zerodha fetches the KYC information from custodians using your PAN.
You need to submit the following documents:
- Trading application form (PDF): The authorised signatory or managing partner must sign and affix the company seal. You can refer to the sample equity form (PDF) for guidance.
- Balance sheet: Submit a copy of your company's balance sheet for the last two financial years. The authorised signatory must sign and seal all pages. If your company is new, submit a net worth certificate instead. You must provide this document annually.
- FATCA declaration (PDF): The authorised signatory must sign and seal the form. Sample FATCA form (PDF).
- Shareholding pattern (PDF) and board resolution (PDF): Submit the latest shareholding pattern and board resolution on the company letterhead. The authorised signatory must sign and seal the documents. Sample annexures (PDF).
- Ultimate Beneficial Owner (UBO) declaration (PDF): If an individual holds more than 10% of the shareholding, capital, or profits in your company, they must identify as the ultimate beneficiary and submit a UBO declaration.
- CP allotment letter from the Exchange: Your custodian will provide this document.
- SEBI certificate: Your custodian will provide this document.
- CMR copy of demat account: Your custodian will provide the pool account details.
- Proof of bank account: Your custodian will provide a bank statement, cancelled cheque leaf, or bank letter for the FPI account.
- If the company is newly incorporated, a net-worth certificate from a chartered accountant (CA) must be provided. It must also have the UDIN number.
- Master declaration (PDF).
- Any of the following income proof to activate the F&O and commodity segment:
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- The latest six months' bank statement or passbook of the company account.
- The latest year's audited profit and loss statement.
- Latest year Income Tax Return (ITR) acknowledgement.
- Net-worth certificate from the chartered accountant with the UDIN number specified.
- DP holding statement of the entity.
Submission
- Email soft copies of all forms to [email protected].
- Zerodha will review your forms and notify you of any corrections needed.
- After completing the review, courier the physical documents and a cheque of ₹500 in favour of Zerodha Broking Limited to:
Zerodha Customer Support Centre
#192A, 4th Floor, Kalyani Vista
3rd Main Road, JP Nagar 4th Phase
Bengaluru 560076
Your account will be opened within 72 working hours after Zerodha receives your documents.
For queries, create a ticket or write to [email protected].