https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8162296
Stock Brokers with Zero AMC
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Reasons
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- Better price elsewhere : 1
SEBI guidelines for BSDA (Basic Service Demat Account) is as given below
- AMC= ₹0 if stock holding < ₹50k,
- AMC= ₹100 if ₹50k<stock holding<₹2lakh
- AMC= As per stock broker's rules if stock holding > 2lakh
- Source: https://www.sebi.gov.in/media/press-releases/au...
- The customer has to have only one DEMAT account across all the depositories. Ex: I have Zerodha and Sharekhan. I am not eligible for BSDA.
How to avail it?
Contact your broker for the same.
That's general awareness, which is known to everyone. Today we will talk about brokers who have basically 0 AMC charges.
1) Kotak Securities
"....customers who have holdings of less than ₹10,000 have to pay zero AMC charges going forward. In addition, clients of Kotak Securities can now also make changes in their Demat Account at a zero cost."
Source: https://www.kotaksecurities.com/media-coverage/...
If stock holding > 10k then make sure that you have a BSDA. Otherwise AMC is ₹600 + 18% GST.
Acount opening charges: ₹0
Brokerage: 0.25% (Trade free plan)/ 0.39% (Dealer Assisted Plan)
DP Charges: 0.04% of the value of securities (min ₹20)
Refer: https://www.kotaksecurities.com/landing-page/de... and https://www.kotaksecurities.com/kotak-trade-fre...
2) Fyer's
For a limited period of time Fyer's is giving 0 AMC accounts. Best part is delivery charge is 0. Refer https://fye...n/
Account Opening Charges: ₹0
DP Charges ₹12.5 + 18% GST
Auto Square Off Charges: ₹50+ 18% GST
Payment Gateway Charges ₹0 (https://fyers.in/support/article/are-there-any-...)
3) Dhan
New kid on the block is making waves. ₹0 account opening fee, ₹0 AMC charges, ₹0 delivery charges. It sounds nice. It is actually nice. I can vouch for it. 🙂 Source: https://dhan.co/p...ng
DP Charges ₹12.5 + 18% GST
Payment Gateway Charges: ₹10(Net Banking)/ ₹0 (UPI)
Auto Square Off Charges: ₹20 + 18% GST
4) Prostocks
₹0 AMC if one pays ₹1000 (refundable) deposit. ₹0 brokerages delivery charges. ₹0 account opening charges.
DP Charges: ₹20+ GST
Call and Trade: ₹10(Intraday), ₹20 (Delivery)
5) Ventura
₹0 AMC if one pays ₹3000 (refundable) deposit. Source: https://www.ventura1.com/Static/Scheme_C_DP_Tar...
Please consult https://beta.ventura1.com/products#eq...es for more details
6) Motilal Oswal
As per them if one maintains ₹25000 margin for 9 days in their DEMAT after account opening then AMC will be lifetime free. 2nd condition is to avail a value pack worth ₹3000 or more within 9 days of account opening to avail LTF AMC. Source: https://www.motilaloswal.com/campaign/Registrat...
7) Finvasia Everything costs ₹0. 🐒 Refer https://finvasi...m/ for more info. https://finvasia.com/p...ng gives a list of charges
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Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
Top Comments
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8162331
Opened a dhan account after our last conversation on it. Decent ui, however finding it difficult to navigate a bit and also the money withdrawal took 4 days
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8162348
amdoinggood123 wrote:Opened a dhan account after our last conversation on it. Decent ui, however finding it difficult to navigate a bit and also the money withdrawal took 4 days
yes bhai. 🙂🙂🙂
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8162371
I've been a finvasia user for about a year. It suits my needs ( I don't follow daily stocks, just buy during dip or when a sector I follow has policy changes)
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8162375
When you are serious about long term investment with plans of a sizeable corpus it is not a good idea to bother about 300-400 AMC charges (it will be really negligible with a decent size portfolio). There would be many things which would be easy with big discount brokers like upstox, zerodha (ease of operations, customer support, withdrawals wat not). My personal opinion only feel free to ignore.
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8162433
rsai01 wrote:When you are serious about long term investment with plans of a sizeable corpus it is not a good idea to bother about 300-400 AMC charges (it will be really negligible with a decent size portfolio). There would be many things which would be easy with big discount brokers like upstox, zerodha (ease of operations, customer support, withdrawals wat not). My personal opinion only feel free to ignore.
right bhai 🙂🙂🙂
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8162468
22g what are charges for holdings upto 2 lacs for non bsda accounts in zerodha? how to activate the same in zerodha?
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8162551
kukdookoo wrote:
22g what are charges for holdings upto 2 lacs for non bsda accounts in zerodha? how to activate the same in zerodha?
non BSDA -> 300+ gst. Zerodha does everything automatically.
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8162621
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bikidas2060 wrote:non BSDA -> 300+ gst. Zerodha does everything automatically.
non BSDA -> 300+ gst.
bsda aur non bsda ke charges kaha mention honge?
Zerodha does everything automatically.
matlab they automatically shift you to bsda or non bsda?
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8162653
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kukdookoo wrote:non BSDA -> 300+ gst.
bsda aur non bsda ke charges kaha mention honge?
Zerodha does everything automatically.
matlab they automatically shift you to bsda or non bsda?
They will charge you as per bsda rule by default (means 0 if <50k holding)
But only if you have 1 demat account
Open elsewhere and your account will be deducted with normal amc charges
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8162672
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8162728
@bikidas2060 bada complex hai ye 22g
Itna to profit hi nahi hua jitna zerodha wale amc aur pata ni kya kya loss wale stocks m kaat liya
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8163707
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Neo53 wrote:They will charge you as per bsda rule by default (means 0 if <50k holding)
But only if you have 1 demat account
Open elsewhere and your account will be deducted with normal amc charges
how to check account is bsda or not? and where are list of charges of bsda comparatively to normal amc mentioned? + @bikidas2060
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8163728
Chudiya wrote:I’ve been a finvasia user for about a year. It suits my needs ( I don’t follow daily stocks, just buy during dip or when a sector I follow has policy changes)
Their new shoonya mobile app sucks.
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8163877
How about angel broking?
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8163881
kartikxxx wrote:How about angel broking?
AMC is not free. But it provides BSDA. 🙂🙂🙂
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8163884
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bikidas2060 wrote:AMC is not free. But it provides BSDA. 🙂🙂🙂
1st year free i guess, after that 20₹ / month.
– my friend
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8163997
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kartikxxx wrote:1st year free i guess, after that 20₹ / month.
– my friend
Ji bhai. You are right. But they give BSDA facilty as well. https://www.angelone.in/knowledge-center/demat-...
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8164019
Hdfc bank 0 Amc if you hold preferred , just need to buy 1 stock for any amt per year
And lodu zerodha leaks your no , everyday spam calls for stock tips and investment
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8164041
EkdamSastaRaju wrote:Hdfc bank 0 Amc if you hold preferred , just need to buy 1 stock for any amt per year
And lodu zerodha leaks your no , everyday spam calls for stock tips and investment
True. Once account opens they cold call the user about tips service 🐒🐒🐒
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8164166
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kukdookoo wrote:how to check account is bsda or not? and where are list of charges of bsda comparatively to normal amc mentioned? + @bikidas2060
List of bsda slab charges already mentioned at starting by op
I’m not sure where it displays whether you are under bsda or not (check with CC they will let you know)
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8164169
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bikidas2060 wrote:True. Once account opens they cold call the user about tips service 🐒🐒🐒
Interesting,
Never had call for tips 
, there are sms but I suspect other apps and not zerodha atleast for me
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8164522
EkdamSastaRaju wrote:Hdfc bank 0 Amc if you hold preferred , just need to buy 1 stock for any amt per year
And lodu zerodha leaks your no , everyday spam calls for stock tips and investment
Zerodha doesn’t leak your number. Moneycontrol lo*u leaks your number.
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8165039
bikidas2060 wrote:@MrKool_JJ @malikcool @guest_999 @AyushiiiVijay @Wontdisplaymyname @Priyanka @BubbleBoyChickenLittle @Dastro @amdoinggood123 @xuseronline
Can you guys please suggest the best broker for NRIs?
Need to open one asap….
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8165052
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8165082
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bikidas2060 wrote:icici direct
I did I did try to open an act with zerodha but zerodha wanted some more documentation so couldn’t complete the procedure.
I’ll followup with them and call icici too…
Is ICICI the best for NRIs???
What about zerodha, angel and all low maintenance/zero amc brokers?
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8165115
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bikidas2060 wrote:True. Once account opens they cold call the user about tips service 🐒🐒🐒
Never got any such call
Have zeeodha for 1.5 yrs
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8165164
https://www.desidime.com/discussions/0-amc-stock-brokers?page=1#post_8165175
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When you are serious about long term investment with plans of a sizeable corpus it is not a good idea to bother about 300-400 AMC charges (it will be really negligible with a decent size portfolio). There would be many things which would be easy with big discount brokers like upstox, zerodha (ease of operations, customer support, withdrawals wat not). My personal opinion only feel free to ignore.
I've been a finvasia user for about a year. It suits my needs ( I don't follow daily stocks, just buy during dip or when a sector I follow has policy changes)
@MrKool_JJ @malikcool @guest_999 @AyushiiiVijay @Wontdisplaymyname @Priyanka @BubbleBoyChickenLittle @Dastro @amdoinggood123 @xuseronline