Opening Demat Account

#1
Hi all,
As i am new to trading i am thinking to open an demat account soon. Please guide me in opening it. Many of them told me Sharekhan is more affordable and good. I do have an saving account in ICICI. So someone told me to go with ICICI Direct.
Help me to select between these both . Also nice if i would get a comparision between both.

Thanks and Regards,
Gangaprasad
 
#2
Sharekhan is good and affordable - Even u can go for any other brokerage account but not ICICI Direct (its minus points : High Brokerage + Old online HTML Trading method)
 
#3
Dear Ganga Prasad,

The brokerage wise I think Reliance money is OK. But the software they have is pathetic. Do not get lured and open with Reliance money. Can any one tell me how much brokerage Sharekhan is charging?
 
#4
Dear shailankaj,
I guess they charge Rs 300 yearly, ask to give a cheque of 5000 initially to open account. For brokrage on trading they charge .50 paise on buy/sell of Rs 100.
 
#5
I think UniconIndia provides the best trading services in India. Find the lowest brokerage and free online trading software for stock trading in Indian stock market. Their software is very user-friendly and easy to operate.
 

dhc

New Member
#6
Hi,

I have seen 3 options for a multiple account

1) HDFC 4 in 1 Account http://www.hdfcsec.com/contentpages.aspx?docid=201010280519045420107
2) SBI 3 in 1 account
Products and Services
eZtrade@sbiBack

State Bank of India (SBI) in alliance with Motilal Oswal Securities Limited and SBI Caps Securities Limited (SSL) now introduces you to 'eZ-trade@sbi', a State-of-the-Art online trading platform predominantly to cater to every trading need (presently available to Indian Residents Only) and offers a truly world class experience of online investing - anyplace, anytime. This service provides you with a 3-in-1 account which is an integrated platform of Bank Account, Demat Account and an Online Trading Account to give you a convenient and paper free trading experience under one roof.We provides online trading of shares of Companies listed on BSE and NSE. eZ-trade@sbi will let you trade from the comfort of your home or office through the Internet.

Buying and selling of shares is now just a click away.So go ahead and enjoy your fast, easy and hassle-free online shares/securities trading experience with India's Largest Bank.
3) ICICI 3 in 1 Account
http://www.icicibank.com/online-services/three-in-one-account/main.html?utm_source=icici_homepage&utm_medium=apply_online&utm_campaign=3in1_account
Could anyone please advice if they have had any personal experience with any of the above?
 
#7
i hold trading account with hdfcsec, wherein i can trade in equities, fno, ipo, Mutuql funds, bonds, FD too. they have the facility to provide recommendations, market watch terminal even they had launched with mobile trading.

please note u can open the trading account with hdfcsec but demat and saving account has to be with hdfc bank only.

regards,
sditn
 
#8
Never try to open your acc. with Edelweiss.
Reason

1. High Brokage:lol:
2. Prepaid plan:lol:
3. 10% accuracy of tips:rofl:
4. Poor customer care:(
5. Dealer can do whatever you don't want:confused:
6.you can say "KHAIWAL":clap::D:clapping:
 
#9
Never try to open your acc. with Edelweiss.
Reason

1. High Brokage:lol:
2. Prepaid plan:lol:
3. 10% accuracy of tips:rofl:
4. Poor customer care:(
5. Dealer can do whatever you don't want:confused:
6.you can say "KHAIWAL":clap::D:clapping:
oops...
i recently opened account....
need clarification on point 5...

Thanks,
Krishna