Zerodha Makes Kite Easier to Use by Adding Six Additional Features

To facilitate order placement, broking company Zerodha has added six new capabilities to Kite, its trading and investment platform. In his announcement of the X upgrade, founder and CEO Nithin Kamath highlighted several important improvements, including order slicing, available margin display, a new basket icon, and more.

Newly Added Features of Kite

1.Order Slicing- If a large order exceeds the exchange limit, it is now automatically divided into smaller portions. For instance, customers can trade up to 36,000 quantities without the need for manual intervention by splitting Nifty orders into up to 20 slices, each of which has 1,800 quantities.

2.Available Margin- Instead of switching tabs to check margins before placing an order, users may now see their available funds straight in the order window.

3.Market Depth- Users can now check stock details more quickly without leaving their current screen by accessing market depth data immediately in the order window.

4.Remember F&O Quantity- For regular traders, Kite now streamlines the process by remembering the previous quantity provided for a contract and automatically filling it in when the order window is reopened.

5.Market Protection- By establishing a predetermined range around the current market price, this function helps stop market orders from being executed at unexpected prices during volatile times.

6.The New Basket Icon- On the Kite platform, users can now open and manage their baskets from any location, enabling them to swiftly create and complete several orders with a few clicks.

Zerodha Launches a Trading Platform for Borrowed Funds

The margin trading feature (MTF), which Zerodha has introduced in December 2024, enables users to trade on borrowed funds on the platform. Nithin Kamath, founder and CEO of Zerodha, said on X on December 19, "I don't know if it is a good time with the markets falling, but we are finally launching MTF (margin trading facility), which allows you to buy stocks for delivery by borrowing money from us." However, Zerodha cautioned against utilising MTF in its blog post. Its post stated that trade with caution because leverage is like a weapon of mass destruction, and MTF is a leveraged product.

Zerodha claims that because keeping a stock purchased through an MTF has a cost, time is working against the user while engaging in a leveraged trade. It is important to mention that the platform will charge a daily fee of 0.04% of the funded amount. On the site, users are able to borrow up to 80% of the transacted value. "This reduces the potential profits the longer you hold," Zerodha stated. Speaking on the subject, Kamath claimed that clients who trade for delivery frequently overlook the effect of borrowing costs, which results in a larger loss. However, MTF has expanded significantly over the past three to four years, and almost everyone now offers it.