Its best to invest in Mutual Funds in INDIA after experiencing our GREAT BROKERS...:(

Hi Friends...
I am a new trader on the block. But I have learned quite a lot many good things from Traderji.
I have the trading account with SHAREKHAN. In the carnage that happened this week, I had sold all my stocks on monday morning (21 jan).
Yesterday, after the market recovered a bit, I thought of buying back my stocks. So, I logged into my account. I had around 1 lac rupees with my account. So I thought I would be able to buy many of my favourite stocks at a bargain price.
As I punched the order, my trading terminal said "Not enough money in the account".
I was highly surprised. Since, I had sold all my stocks on Monday, I hadn't experienced all the losses that happened in next two days. SO, I was expecting at least 1 lac rupees in my account.
So, I checked my limit statement and it said only 25 thounsand. Now, how is it possible... I know I will get my money back, but what's the point. I mean, if you cannot buy at this time then what's the point in getting back ur money later..

Today, I was reading some threads in traderji. And I found that its not only me but many other small investors who are facing the same problems.

So, in spite of having money in our accounts, we cannot jump in to buy our favourite stocks at this 'highly important time'.
Now, my serious question is, WHAT IS THE USE OF BEING TRADER URSELF WHEN WE GET SUCH TYPE OF SERVICE IN INDIA.

ISN'T it best to simply invest in Mutual Funds. At least they can buy and sell the stocks at the appropriate times.


I feel pathetic seeing the services of INDIAN financial companies..

Thanks..
Please reply and write your invaluable comments..

SUNIL

Re: Its best to invest in Mutual Funds in INDIA after experiencing our GREAT BROKERS.

indian financial markets are completely fraud... the big mutual funds fii and sebi all are involved to steal the money of retail investors

there are scams which prove this, to prove my point

when only reliance pack is going up up up what is sebi doing .There are less margins imposed that time to lure the retail investor to get leveraged position , if the sebi had imposed 60 to 70 % margin flat (making a rule at any time) you will never see such huge leveraged positions there what the sebi or the fii or the operators does'nt want

just for 83 cores worth of shares sold on market and the index goes to lower circuit and there is stampede and all the big brokerage firms ask the retails clients to arrange the margins within 1/2 an hour or the positions will be cut the brokerage firms also involve in this and the fII's opretors , and local institutions had bought nearly 2400 cores of worth at the lower level , just imagine 83 cores worth or shares can send this market to lower circuit , i had never hear such trades in any part of the world unless they are very small markets

every body involved in this manipulation , even investing in mutual funds your investment is not safe people had lost all the money in investing mutual funds which had disappeared

keeping this fact you can only trade wise and exit wise before this type of manupulation occurs that is the only thing other wise nobody has any answer to this .

Re: Its best to invest in Mutual Funds in INDIA after experiencing our GREAT BROKERS.

Don't make such blanket statements. During the crash I purchased stocks worth 10 lakhs through India Infoline Trader terminal without having any cash in the account. I used the NBC funding they give against my stocks in their Demat account. In the next few days I transferred all the money from my bank account to clear my deficit. I just ended up paying just interest to them for three days but ended up getting stocks at unbelievable prices. So donot blame all the brokers. There are very efficient and good brokers around. Blame yourself for going with a broker who does not help you in such times

Re: Its best to invest in Mutual Funds in INDIA after experiencing our GREAT BROKERS.

....IB and India Infoline greatest suckers of cash from the retail investors....this friend may be market rep of india infoline

Re: Its best to invest in Mutual Funds in INDIA after experiencing our GREAT BROKERS.

Yes most of the brokers faced cash problems and passed the same to its clients......

Re: Its best to invest in Mutual Funds in INDIA after experiencing our GREAT BROKERS.

no doubts such situation many would suffer and few who could manage would be lucky