uti securites

I want to open account in uti securities. My objective (long time) investment, not (daily) trading. Requesting suggestions / views from members who have account with uti securities. Thanks.

they are good, they are professional, but the problem with their minimum brokarage of rs.25/scrip.

assume that you bought shares worth rs.5000 & your brokarage charges is 0.05/per leg for intraday. then you have to pay around rs.8 (including service tax, stt & other charges).

but with uti you have to pay at least rs.25 for the particular trade.

but you are a long term investor, so you can try them. but the same case will be happen there also (minimum brokarage rs.25/scrip).

Ya i also suggest the same thing. In ICICIDirect also we are facing similar problem.

I am now trying out ShareKhan And Kotak Securities Ltd. These guys have competitive brokerages.

sharekhan normal brokerage rate for intraday: 0.10 per leg + other charges.
sharekhan normal brokerage rate for delivery: 0.50 per leg + other charges.

plus points: speed trade software (some other files needed to run the software, i.e: ds clients, high encryption pack etc.), excellent phone trading facility (password & tpin needed), superb customer care, BTST facility.

minus point: high intraday brokerage,

kotak normal brokerage rate for intraday: 0.06 per leg + other charges.
kotak normal brokerage rate for intraday: 0.59 per leg + other charges.

plus point: average intraday brokerage, KEAT (easy to download & use at any place),
minus point: poor phone trading facility, bogus cust. care.