Please suggest best demat accout for trading in ETFs only

#1
Hi,
I want to open an demat account for trading only in ETFs, please let me know the most economical account. After googling for some while I think reliance money is the best. Please let me know your thoughts. Thank in advance.

--
Jaya
 

alroyraj

Well-Known Member
#2
Hi,
I want to open an demat account for trading only in ETFs, please let me know the most economical account. After googling for some while I think reliance money is the best. Please let me know your thoughts. Thank in advance.

--
Jaya
You need a Demat account along with broker who is a member of NSE to buy a Gold ETF.



Some of the popular brokerage firms like ICICI Direct, HDFC Securities, KOTAK Securities.

Along with traditional brokerage firms like India Infoline, Geojit, IndiaBulls, Sharekhan also offer a demat account with brokerage facilities.



Once you have a brokerage account you can buy Gold ETF by placing an order like a normal stock order to buy listed Gold ETF. Most of the ETF are listed only on NSE. Unfortunately, BSE does not have any Gold ETF listed on it.:clap:
 
#3
You need a Demat account along with broker who is a member of NSE to buy a Gold ETF.



Some of the popular brokerage firms like ICICI Direct, HDFC Securities, KOTAK Securities.

Along with traditional brokerage firms like India Infoline, Geojit, IndiaBulls, Sharekhan also offer a demat account with brokerage facilities.



Once you have a brokerage account you can buy Gold ETF by placing an order like a normal stock order to buy listed Gold ETF. Most of the ETF are listed only on NSE. Unfortunately, BSE does not have any Gold ETF listed on it.:clap:
Can someone also mention about the charges involved in buying Gold ETF [for ex: 1 gram via Gold ETF ]
 
#4
I will just say 1 very important thing guys , wenever u need anything of any sorts , kidly mention ur contact number in any form ,, be it mail or mobile for easy access and fast work anyways 09595133574 thats me , am a sub broker, any queries we have so many experts in dis room but u guys need to drop ur numbers for that
If you can post the details, or any info u have here... that will be helpful for many ppl here...:thumb:
 
#5
Yes. I am also interested in investing ONLY in Gold ETFs. I do not have any demat account and do not have any idea about trading and the terms used like Demat, brokerage etc.
Can any senior member guide us in detail for the above?
 
#6
You need a Demat account along with broker who is a member of NSE to buy a Gold ETF.



Some of the popular brokerage firms like ICICI Direct, HDFC Securities, KOTAK Securities.

Along with traditional brokerage firms like India Infoline, Geojit, IndiaBulls, Sharekhan also offer a demat account with brokerage facilities.



Once you have a brokerage account you can buy Gold ETF by placing an order like a normal stock order to buy listed Gold ETF. Most of the ETF are listed only on NSE. Unfortunately, BSE does not have any Gold ETF listed on it.:clap:
Based on the brokerage charges which one among the following you recommend ?
1) Sharekhan
2) Hedge Equities
3) Geojit
4) India Infoline
5) IndiaBulls
6)HDFC Investor account
 

alroyraj

Well-Known Member
#7
Based on the brokerage charges which one among the following you recommend ?
1) Sharekhan
2) Hedge Equities
3) Geojit
4) India Infoline
5) IndiaBulls
6)HDFC Investor account
It depends on your requirements like if you are a scalper,daytrader ,swing trader or investor. Also the charges like brokerage also depends on your location. It is lower in metros and interiors.
Geojit has the lowest charges but with prepaid brokerage slabs Sharekhan can go lower and Indiabulls in metros are much lower.Both these offer technical analysis free of charges except annual maintenance in Sharekhan. India Infoline has to be avoided because of accounting malpractices.
Geojit is okay for investors , Sharekhan for investors and swing traders, Indiabulls for all categories.
If you are an NRI requiring 3 in 1 account ,HDFC is good.
 
#8
To Invest in Gold alone, it is best to go for Mutual fund. It doesn't require a demat account. Valid PAN no alone require. You can choose one time investment & further purchase or SIP (systematic investment plan)
Two gold fund mutual funds are available.

DSP BR world Gold fund
AIG world gold fund
 
#9
To Invest in Gold alone, it is best to go for Mutual fund. It doesn't require a demat account. Valid PAN no alone require. You can choose one time investment & further purchase or SIP (systematic investment plan)
Two gold fund mutual funds are available.

DSP BR world Gold fund
AIG world gold fund
Are these Gold Funds of type NFO's ?
 
#10
Dear Friends,

I suggest you to invest in eGold & eSilver thatn Gold ETFs. eGold & eSilver is offered by National Spot Exchange (NSEL), which is trust worthy. No need for commodity demat account, with ordinary demat account it can be purchased. only restriction your broking house should have tie up with NSEL, pls check with ur broker/refer the following web link.

http://www.nationalspotexchange.com/eseries.htm

I did some research on these. Main advantages:

1) Physical delivery of Gold is not is avaialble with ETF. but NSEL does physical delivery of Gold in major cities with 99.99% purity. It is your choice physical gold/money.

2) EFT normally has around 2.5% as annual maintenance, It is included in ETF NAV calculation. whereas only 60 paise annally charged for eGold 1gram/annum, its negligible.
 

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