first post at traderji.com

Hello

Myself Rajiv Saraswat, age 37 years, post graduate in fisheries science and working as a teacher in state government of uttar pradesh.

I started to invest 3 years ago via SIP in diversified equity mutual funds and the performance of portfolio is satisfactory.

However up to yet, I can not open a demat account, because I approach Religare where they demand to sign me an agreement and as well as they demand margin money, and I m unable to understand concept of margin money, can any one explain this, secondly my SB account is with kotak bank, so is it wise open a demat and trading account with Kotak or some one else firm is also good,please suggest

Regards
Rajiv Saraswat

You will have to sign the agreement, its the same procedure with every broker. Dont worry about margin money, you can use that to buy shares. Double check the brokerage, account opening fees, annual maintenance fees.


Never mix your bank and broker always keep them separate.