I am a newcomer. I am about to open my first trading account with Zerodha. However, their DP (IL&FS) seems to be a bit expensive (flat Rs 15) as my volumes will be low for the next few months. NSDL charges are probably not included in the Rs 15 (have to get it clarified).
My bank, ICICI, offers DP services for [0.04% (min Rs 10) + NSDL] which means I will be better off than with IL&FS upto a transaction of Rs. 35000.
From what I understand, the only disadvantage is that I will have to manually transfer the shares I have sold the following day. I think this is a better arrangement till volumes pick up. Do you guys think my analysis is right, or have I missed something?
My bank, ICICI, offers DP services for [0.04% (min Rs 10) + NSDL] which means I will be better off than with IL&FS upto a transaction of Rs. 35000.
From what I understand, the only disadvantage is that I will have to manually transfer the shares I have sold the following day. I think this is a better arrangement till volumes pick up. Do you guys think my analysis is right, or have I missed something?