Opening Demat Account

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  #1  
Old 8th January 2008, 08:23 PM
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gangaprasad_s is on a distinguished road
Unhappy Opening Demat Account



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

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  #2  
Old 9th January 2008, 09:45 AM
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rsalecha is an unknown quantity at this point
Default Re: Opening Demat Account

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)

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  #3  
Old 9th January 2008, 12:13 PM
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shailankaj is on a distinguished road
Default Re: Opening Demat Account

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?

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  #4  
Old 9th January 2008, 02:43 PM
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gangaprasad_s is on a distinguished road
Default Re: Opening Demat Account

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.

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