Last night, one of my friends sent me a message asking me how to activate NFO in Zerodha. Sharing the WhatsApp chat.
I guided him through the process and at the same point in time, I thought of writing a quick guide on how to enable NFO in Zerodha so that my readers can also get guidance if they also have a similar problem.
Without any ado, let’s start with What is NFO in Zerodha and How to enable NFO in Zerodha.
What is NFO in Zerodha
The nifty Futures and Options segment of Zerodha is popularly known as the NFO segment in Zerodha. You can trade in futures & options derivatives after enabling Nifty F&O or NFO online through Zerodha Kite Web or mobile app.
Note – In the stock market, generally NFO refers to the New Fund Offer (NFO) of a Mutual Fund. A new fund offer (NFO) is a new scheme that AMCs launch with a first-time subscription offer to its investors similar to the IPO (initial public offering) concept. Zerodha allows its investors to apply in NFO through the Coin website.
How to Enable NFO in Zerodha
Step 1 – Go to Zerodha Console using your Kite credentials to apply for NFO in Zerodha.
Step 2 – Click on “Account” and then click on the “Segments” option on the left side panel.
Step 3 – Tick the NSE – Futures & Options.
(You can also activate BSE – Futures & Options as well).
Step 4 – Select the Gross Income from the dropdown list and now upload your income proof.
Note – If your income proof pdf is password protected, then fill in the password in the provided box.
Step 5 – Click on Continue.
You will get a message, “Your segment activation request has been submitted successfully.” on the top right corner of the screen.
It usually takes about 24-48 hours to activate the NFO segment once your request is submitted.
You can also read our in-depth Zerodha Review article to know the pros and cons of the Zerodha Demat account.
Frequently Asked Questions
#1. NFO Charges in Zerodha?
Zerodha doesn’t charge any additional fee for activating the NFO segment.
#2. How to Buy NFO in Zerodha
You don’t have to buy NSE- Futures and Options segment in Zerodha. You can activate using the above-mentioned process.
However, you can buy NFO (New fund offer) in the Zerodha Coin portal or mobile app whenever any NFO is launched.