Trading Terminal A/c opening

[newtrader09-10]

Dear frnds,

i will soon be opening a a/c wid SHAREKHAN can u tell me how good is it AND MORE IMP.

i am frm a lower middle class background and will only be depositing like 10,000 bas nothing more or less{thats all i cud manage} so can ne1 tell me what is the brokerage and am literally looking for INVT. and not daily trading so will dis amt be sufficient. I heard dey charge 1500 quartely is it true... i cant afford it like dat den....

So can u rec. something else if so?

 

[manish.m]

Hi

I m new to traderji but i seriously feel by your post. you need to reconsider! Sharekhan will not be good for such a small amount! Its only good if you have to trade and that too in access to Rs 5L.
Correct me if i am wrong!

 

[bunny]

Hi

I m new to traderji but i seriously feel by your post. you need to reconsider! Sharekhan will not be good for such a small amount! Its only good if you have to trade and that too in access to Rs 5L.
Correct me if i am wrong!

No, thats not correct!

I am trading online with sharekhan and don't have any problem. In fact, for online trading, they have one of the best trading platforms.

@newtrader09-10,
I think you are looking for offline trading account. You will need to have a demat account, that costs somewhere around 450 per annum.

As regards brokerage, that should not be a problem because you are not going to trade daily or frequently. When I checked around september, intraday was 10 paise single side, and delivery was 30 paise both side. I would rather suggest that you visit a broker and get the numbers confirmed from them. Usually, most of the brokers are located close-by in an area, especially if its a city. So just check, near sharekhan office, there will also be other broker's ofices like religare, india infoline, india bulls, etc.

Nirmal bang is also good especially with its reasearch.

 

[Gkn]

Im using sharekhan for the last 1 yr and no problems whatsoever. You can very well see all brokerage plans which is available on their web site. Its transparent.

 

[uncleji]

i want to know about demat charges. Is there any min charge which we have to pay whether trade or not in a month, other then annaul charges. Like after opening a demat, in one month i didn't purchase/sell anything (share/MF), then i dont need to pay any thing to broker, like icici bank

 

[Gkn]

It is not like that

There are different yearly brokerage plans. like 2000, 6000 etc. This you have to pay in advance. Whenever you do any transaction, brokerage applicable will be deducted from your trading account. When the quantum of brokerage generated by you exceeds the plan amount, the amont already taken wiill be returned to your account. Brokerage will be charged only when we transact.

 

[ssuji]

can you please tell me how much share khan is deducting as brokerage charge. now a days i am frequently trading with share khan. but .75% brokerage is very high. as you said is there any scheme is there to reduce the brakerage charge if we frequently trade.

 

[bunny]

can you please tell me how much share khan is deducting as brokerage charge. now a days i am frequently trading with share khan. but .75% brokerage is very high. as you said is there any scheme is there to reduce the brakerage charge if we frequently trade.

75 paise is way too high, you can easily get it down to 7 paise or less if doing intraday. See above table.

 

[ssuji]

Hai bunny,

thanks for your detailed reply. As i am NRI, I cannot do intraday.
For short term trading, is there any scheme.