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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://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



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
Deal Subedar Deal Subedar
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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)

Generous Generous
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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. 

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Benevolent Benevolent
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Can you guys please suggest the best broker for NRIs?
Need to open one asap….

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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

Tech Guru Tech Guru
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yes bhai. 🙂🙂🙂

Deal Subedar Deal Subedar
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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)

Deal Lieutenant Deal Lieutenant
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Their new shoonya mobile app sucks.

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Generous Generous
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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. 

Tech Guru Tech Guru
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right bhai 🙂🙂🙂

View 11 more replies
Benevolent Benevolent
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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?

Tech Guru Tech Guru
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non BSDA -> 300+ gst. Zerodha does everything automatically.

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Helpful Helpful
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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

Entertainer Entertainer
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How about angel broking?

Tech Guru Tech Guru
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AMC is not free. But it provides BSDA. 🙂🙂🙂

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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 

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

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Tech Guru Tech Guru
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Deal Cadet Deal Cadet
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I don’t know why groww is not included in this list the AMC charges are Nil and currently account opening charges as zero

Tech Guru Tech Guru
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charts are not that good. They have designed their model around discount broker concept yet charge brokerage for delivery. That’s why I have omitted them. 

Deal Cadet Deal Cadet
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What about groww?
They are showing 0 amc

Tech Guru Tech Guru
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they charge for delivery. 🙂🙂🙂 Charts are not good. 

Deal Subedar Deal Subedar
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Thanks for your awareness posts

around 20 days ago; @bikidas2060 bhai suggested opening finvasia Demat for my cousin. Received two back-to-back allotments with 50%+ GMP in the same account. seems bikibhai’s blessings came free with demat.

In the beginning, Its UI and account opening method gave me hard time. but we can reach to it’s a telephonic customer care person within 45 seconds. which is the fastest among all my 4 demats.

Tech Guru Tech Guru
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saab apke kismat n mehnat 🙂🙂🙂🙏🙏🙏

Deal Newbie Deal Newbie
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How about GROWW

Tech Guru Tech Guru
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0.1% brokerage on delivery

Deal Cadet Deal Cadet
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0 AMC, 0 Brokerage for delivery brokers ive found so far

Alice Blue (one time fee approx 500)

Finvasia 

Fyers

Prostocks (one time refundable deposit of 1000)

Tradeplusonline (one time fee approx 500)

Dhan.co

Tradingo (they provided 0 AMC a year back, but need to ask their support before opening account)

Deal Subedar Deal Subedar
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I’ve a sharekhan account for past 17 years… their AMC charges are approx 1000 including hidden charges… additionally they charge like fixed charges on penny stocks for example for a 20 ps stock you end up paying almost 10 ps as trading charges.
I requested to close my account 12 years back but since I was outstation I could never visit branch to get the formalities done. Couple of days back I received a mail saying there’s an outstanding of approx 6k against my account… BTW I never traded using sharekhan in last 12 years and had a balance of approx 2k when I left using it. Should I just ignore it or pay the outstanding and request for closure again.

Tech Guru Tech Guru
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just ignore the outstanding balance n forget about it. 🙂🙂🙂 Open another suitable account as per your requirements. 

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Deal Cadet Deal Cadet
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what happens if i close my other demat acc and have only zerodha active? will amc charges be zero afterwords??

Tech Guru Tech Guru
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from next financial year only. 🙂🙂🙂

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Deal Newbie Deal Newbie
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Paytm money is also good

Tech Guru Tech Guru
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platform fee is there

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Deal Subedar Deal Subedar
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best for intra ??

i am having charges of 50k this yr in intra , main charges are STT .. no ways to avoid it .. i guess

Tech Guru Tech Guru
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no way to avoid STT 🙂🙂🙂

Deal Subedar Deal Subedar
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Delivery free broker :

Fyer

Dhan

Intraday free : 

Any ???


Tech Guru Tech Guru
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only finvasia. No no. Kotak has it. Kotak trade free plan

Deal Newbie Deal Newbie
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where are list of charges of bsda comparatively to normal amc mentioned?

Tech Guru Tech Guru
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you have to Google about em. Those charges are mentioned in respective broker’s websites. 

Tech Guru Tech Guru
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@amdoinggood123 bhai. Yesterday I transferred 100 rupees from my Dhan account to my bank, it was  settled by yesterday only. They are quickly fixing things. 

Tech Guru Tech Guru
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guys tradeplus is also giving 0 AMC accounts. 🙂🙂🙂

Deal Newbie Deal Newbie
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Any suggestions for minor demat account ?

Tech Guru Tech Guru
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no idea.   

Deal Newbie Deal Newbie
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Go for finvasia zero brokerage on everything, I have been using it for about more than 2 years for now for both options and delivery trades and moreover they have updated there app on playstore and is absolutely nice and easy of use just like zerodha with more features..

https://prism.finvasia.com/re...er

Deal Subedar Deal Subedar
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yes, tested it today, working well. though message mentioned check in 48 hours smile
@bikidas2060 – Dhan Broker

Deal Newbie Deal Newbie
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Never open demat & trading account with Motilal oswal. No. 1 frauds. No transparency, worst web & app interface, pathetic & rude customer care, most of the times app & website down. 1.35 lakhs negative balance shown in my trading account in the against Loan against securities. I had lodged complaint with NSE, SCORES & RBI. Motilal oswal refused to give justification for negative balance stating the reason that Loan agaist securities doesn’t come under purview of NSE, RBI & SCORES.

Deal Subedar Deal Subedar
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Open account in zerodha using my link and get 1000 after confirmation that your account is mapped under me. DM me for referral link

Deal Newbie Deal Newbie
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Finvasia is best
No AMC No brokerage

100% best for traders

Tech Guru Tech Guru
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no no. For a trader there are other important factors such as execution speed, downtime, reliability etc. Finvasia is good for a newbie. In my opinion Zerodha is best for a newbie. And a small charge should be given for those services.

Deal Newbie Deal Newbie
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From my personal experience, I faced downtime twice. Otherwise there were no issues at all. Since my no. of trades are much every day. So I save brokerage a lot. I have other accounts like sharekhan, upstox, 5 paisa, fyer, alice blue also. But finally I use finvasia for daily trading to save brokerage.

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