https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8165302
I don’t know why groww is not included in this list the AMC charges are Nil and currently account opening charges as zero
Stock Brokers with Zero AMC
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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=2#post_8165318
kota.prabhu249 wrote:I don’t know why groww is not included in this list the AMC charges are Nil and currently account opening charges as zero
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.
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8165372
What about groww?
They are showing 0 amc
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8165410
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
I have never received a call for stock tips and all. Not even messages.
Using zerodha since 3 years.
Moneycontrol, online tutorials, bankbazar, etc leak your number
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8165447
good_virus wrote:What about groww?
They are showing 0 amc
they charge for delivery. 🙂🙂🙂 Charts are not good.
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8165543
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.
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8165544
TempAcc wrote: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.
saab apke kismat n mehnat 🙂🙂🙂🙏🙏🙏
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8165659
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amit378 wrote:I have never received a call for stock tips and all. Not even messages.
Using zerodha since 3 years.
Moneycontrol, online tutorials, bankbazar, etc leak your number
Not possible I dont have any account in those sites
And to top that of the no is completely private, only used for banking nothing else .
6 years no spam with ICICI direct , registered for zerodha few months back
Spam calls started pouring in
Co incidence ? I think not
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8165807
How about GROWW
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8165829
hemant_rec3 wrote:How about GROWW
0.1% brokerage on delivery
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8165838
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.
"@rsai01":https://www.desidime.com/users...10 i cudnt agree with u more especially for long term investors who don't churn.
But OP post useful for fence sitters... esp DD community most are only cost conscious. This is a good start to make them value conscious also. So +🔥
Final point "@bikidas2060":https://www.desidime.com/users/...51 i may be wrong but afaik as per SEBI all brokers have to allow BSDA option. So Zerodha etc everyone is eligible.
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8165855
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pingpong wrote:@rsai01 i cudnt agree with u more especially for long term investors who don’t churn.
But OP post useful for fence sitters… esp DD community most are only cost conscious. This is a good start to make them value conscious also. So +🔥
Final point @bikidas2060 i may be wrong but afaik as per SEBI all brokers have to allow BSDA option. So Zerodha etc everyone is eligible.
there is a catch bhai. DP charges. Some brokers like Motilal Oswal charge 75₹ as DP charge from BSDA holders, similar story for Sharekhan. 🙂🙂🙂
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8165882
0 AMC, 0 Brokerage for delivery brokers ive found so far
Alice Blue (one time fee approx 500)
Prostocks (one time refundable deposit of 1000)
Tradeplusonline (one time fee approx 500)
Tradingo (they provided 0 AMC a year back, but need to ask their support before opening account)
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8165911
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bikidas2060 wrote:there is a catch bhai. DP charges. Some brokers like Motilal Oswal charge 75₹ as DP charge from BSDA holders, similar story for Sharekhan. 🙂🙂🙂
Those 2 are amongst legacy leeches sucking hard earned investors money in the name of brokerage. highly avoidable! 🪱
To my mind, best is IDFC 3 in 1 account with Zerodha… u get a banking relationship with an excellent ethical bank, LTF cc and of course Zerodha which I feel is head and shoulders the best brokerage for investors (may not be for traders) 🏆
Zerodha also offers a BSDA account but i don’t know whether it can be part of the 3-in-1 account. Like @rsai01 said, costs in long term are immaterial. 3-in-1 account is the best!!! 😌
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8165912
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pingpong wrote:Those 2 are amongst legacy leeches sucking hard earned investors money in the name of brokerage. highly avoidable! 🪱
To my mind, best is IDFC 3 in 1 account with Zerodha… u get a banking relationship with an excellent ethical bank, LTF cc and of course Zerodha which I feel is head and shoulders the best brokerage for investors (may not be for traders) 🏆
Zerodha also offers a BSDA account but i don’t know whether it can be part of the 3-in-1 account. Like @rsai01 said, costs in long term are immaterial. 3-in-1 account is the best!!! 😌
rightly said, bhai. Yes, Zerodha’s BSDA is compatible with IDFC 3 in 1 account.
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8166797
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.
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8166843
Jagsss wrote:
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.
just ignore the outstanding balance n forget about it. 🙂🙂🙂 Open another suitable account as per your requirements.
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8166881
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bikidas2060 wrote:just ignore the outstanding balance n forget about it. 🙂🙂🙂 Open another suitable account as per your requirements.
Check Dm
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8166945
what happens if i close my other demat acc and have only zerodha active? will amc charges be zero afterwords??
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8166962
PandaLife wrote:what happens if i close my other demat acc and have only zerodha active? will amc charges be zero afterwords??
from next financial year only. 🙂🙂🙂
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8167629
Paytm money is also good
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8167656
agwl.nitin0 wrote:Paytm money is also good
platform fee is there
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8167895
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bikidas2060 wrote:platform fee is there
zerodha, upstox .. if you want free one use Groww ..
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8167896
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bikidas2060 wrote:from next financial year only. 🙂🙂🙂
cool. Thanks
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8168182
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8169920
best for intra ??
i am having charges of 50k this yr in intra , main charges are STT .. no ways to avoid it .. i guess
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8170068
theruler007 wrote:best for intra ??
i am having charges of 50k this yr in intra , main charges are STT .. no ways to avoid it .. i guess
no way to avoid STT 🙂🙂🙂
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8176242
Delivery free broker :
Fyer
Dhan
Intraday free :
Any ???
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8176245
desibuddy wrote:Delivery free broker :
Fyer
Dhan
Intraday free :
Any ???
only finvasia. No no. Kotak has it. Kotak trade free plan
https://www.desidime.com/discussions/0-amc-stock-brokers?page=2#post_8179816
where are list of charges of bsda comparatively to normal amc mentioned?
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Reply
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)
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