does indiabulls demat account not allow mutual funds buying ?

Discussion in 'Equities' started by esumitkumar, Apr 2, 2010.

  1. esumitkumar

    esumitkumar Member

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    I wanna open a indiabulls trading account..they are charging 900 rs onetime and taking 0.5% for deleivery. I asked them about buying MFs but they say its not possible thru them ?

    Is it true indiabulls demat holders cant buy MFs online :confused:

    Please enlighten

    Thanks
    Sumit
     
  2. aces27

    aces27 Member

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    Hello Sumit ,
    I will not be able to answer your question very specifically.

    But can provide you a comparison.
    I opened an account with Share Khan recently , Chennai.

    One Time :
    Rs.750
    Annually : 400
    Delivery : .25
    Intraday : .05
    Mutual Fund , Not yet activated , but he commited that he would , and I would be able to access online.
    And also Futures and Options rates he would reduce , from default 2.5% (options).

    Option 2 :
    One Time fee can be reduced , to 400 ,
    if you deposit Rs.10,000 with them.
    This is completely refundable and initially put into your trading account.
    Something like show of strength - Margin amount.

    Hope this information is helpful to you.




    Try searching online and mailing the directly to various brokers , too seek more info.


    Also : I don't think you have posted it in the right section. Please use the forum well.

    Regards

    Aces J

    --
    Thank all , Share Knowledge.
     
  3. esumitkumar

    esumitkumar Member

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    Thanks Aces

    Is sharekhan charging any brokerage for purchase of MFs ?
     
  4. nac

    nac Well-Known Member

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    ^ I don't think broking firm will charge if you buy MF products through them.
     
  5. Logik

    Logik Member

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    @esumitkumar
    nope they don't allow MF buy.

    Besides ur paying too much brokerage.
    mine is
    iday: .03%
    & del: .30 %

    ask ur RM to lower ur brkrg or tell him/her ur gonna close ur accnt........this will do
     
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