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Stock Brokers with Zero AMC

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bikidas2060

SEBI guidelines for BSDA (Basic Service Demat Accountis 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://fyers.in...sp;

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



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.
78 Comments  |  
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Deal Subedar Deal Subedar
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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

Hunk Hunk
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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. 🙂🙂🙂

Deal Cadet Deal Cadet
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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)

Blogger Blogger
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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. 

Hunk Hunk
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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 🙂🙂🙂

Deal Subedar Deal Subedar
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@bikidas2060

22g what are charges for holdings upto 2 lacs for non bsda accounts in zerodha? how to activate the same in zerodha?

Hunk Hunk
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kukdookoo wrote:

@bikidas2060

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.

Deal Subedar Deal Subedar
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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?

Deal Cadet Deal Cadet
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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

Hunk Hunk
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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?

yes

Cool Cool
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@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

Deal Subedar Deal Subedar
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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

Deal Lieutenant Deal Lieutenant
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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.

Deal Subedar Deal Subedar
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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 

Hunk Hunk
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SastaRaju 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 🐒🐒🐒

Deal Cadet Deal Cadet
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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)

Deal Cadet Deal Cadet
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bikidas2060 wrote:

True. Once account opens they cold call the user about tips service 🐒🐒🐒

Interesting,
Never had call for tips joy, there are sms but I suspect other apps and not zerodha atleast for me

Deal Lieutenant Deal Lieutenant
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SastaRaju 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.

Mobile Guru Mobile Guru
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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?

Deal Lieutenant Deal Lieutenant
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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

Hunk Hunk
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insta wrote:

Never got any such call
Have zeeodha for 1.5 yrs

I get many. I have no idea, who gave them my number. 🙂🙂🙂 I recieved tons of them after opening account with zerodha. 

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