I am planning to open a demat account other than a bank like hdfc/icicidirect/kotak etc in which i have an account like might be sharekhan or angel or any other
First suggest a brokerage firm which charge cheaper on small transaction like...I use averaging model on a particular share while buying rather than buying all together...
E.g In jp associates i wanted to invest 15k...But i invest 3k in first place at 140 and than wait for 125 level or untill than no furthur buying ..This way i can avoid high purchase plus even if i dont get any furthur shares i can invest remaining amount in another good fundamentally strong company with same logic simultaneously
But the problem here arising for me is for small transaction the bank charges minimum 25 buks for any transaction even penny plus stt and all consumes 32 buks for purchase ...so my buying price suffer by almost 2%(which i want to keep in 1% level)...J p associates i hold at 142 level now
So any option of cheap brokerage in that sense...Or is it ill have to shelve that much
Second which bank to open just an account from where i can transfer my money to the brokering fund platform without much hassle for share transaction...Also do they charge extra for this demat deed which they are not part of except transfer...ALso do i have to submit any papers to the bank when i get a share or what??
I can open in hdfc and can use the prefer account model
First suggest a brokerage firm which charge cheaper on small transaction like...I use averaging model on a particular share while buying rather than buying all together...
E.g In jp associates i wanted to invest 15k...But i invest 3k in first place at 140 and than wait for 125 level or untill than no furthur buying ..This way i can avoid high purchase plus even if i dont get any furthur shares i can invest remaining amount in another good fundamentally strong company with same logic simultaneously
But the problem here arising for me is for small transaction the bank charges minimum 25 buks for any transaction even penny plus stt and all consumes 32 buks for purchase ...so my buying price suffer by almost 2%(which i want to keep in 1% level)...J p associates i hold at 142 level now
So any option of cheap brokerage in that sense...Or is it ill have to shelve that much
Second which bank to open just an account from where i can transfer my money to the brokering fund platform without much hassle for share transaction...Also do they charge extra for this demat deed which they are not part of except transfer...ALso do i have to submit any papers to the bank when i get a share or what??
I can open in hdfc and can use the prefer account model
