Just wanted to share one exp with SHarekahan which can kill any small time investor.
The sharekhan charges a min 10 paisa brokerage PER SHARE so if u are trading for small stocks like say 10 rupees or 1 rupees you end up paying 10% of brokergage on delivery one side. Plus other things like Service tax etc. So if scrip is 0.35 and u take 10000 shares then on total transaction value of 3500 u will pay some 1200 Rs. as brokerage!!!! I call thr customer service and ask if there is any way out if anyone can ever make money on small stocks by paying such stupidly high n nonsense brokergae.
I looked around and found many brokerage fim charge brokerage per transcation amt and not PER SHARE, while some other have a cap on MAXIMUM TOTAL brokerage like 2.5% max which makes sense.
Sharekhan is really bad and i will warn anyone of this and many other hidden changes in sharekhan AMC schemes. ICICIdirect is costly but at least they dont have hidden agendas & charges (No I am not saying its better , just that I didnt came across any hidden charges there, they are upfront of what they charge). I guess few others like HDFC , Axis Bank Geojit are also honest in their charges. Sharekhan sucks!!!!
The sharekhan charges a min 10 paisa brokerage PER SHARE so if u are trading for small stocks like say 10 rupees or 1 rupees you end up paying 10% of brokergage on delivery one side. Plus other things like Service tax etc. So if scrip is 0.35 and u take 10000 shares then on total transaction value of 3500 u will pay some 1200 Rs. as brokerage!!!! I call thr customer service and ask if there is any way out if anyone can ever make money on small stocks by paying such stupidly high n nonsense brokergae.
I looked around and found many brokerage fim charge brokerage per transcation amt and not PER SHARE, while some other have a cap on MAXIMUM TOTAL brokerage like 2.5% max which makes sense.
Sharekhan is really bad and i will warn anyone of this and many other hidden changes in sharekhan AMC schemes. ICICIdirect is costly but at least they dont have hidden agendas & charges (No I am not saying its better , just that I didnt came across any hidden charges there, they are upfront of what they charge). I guess few others like HDFC , Axis Bank Geojit are also honest in their charges. Sharekhan sucks!!!!