https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_8413595
Is another platform provides “GTT” feature other than Zerodha.
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=4#post_8416314
OLDBOY wrote:Is another platform provides “GTT” feature other than Zerodha.
A lot of brokers, especially full service brokers are giving these features at a cost..
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_8535849
OLDBOY wrote:Is another platform provides “GTT” feature other than Zerodha.
You can place a GTT order with Finvasia as well.
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_8537675
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sandhuhardeep924679 wrote:You can place a GTT order with Finvasia as well.
is finvasia good ? planning to open an acc just for basic stock buying and selling
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_8537703
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jeff_bezos_amazon_owner wrote:is finvasia good ? planning to open an acc just for basic stock buying and selling
take Zerodha/Dhan. 🙂
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_8546841
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bikidas2060 wrote:can anyone please share me dhan referalltake Zerodha/Dhan. 🙂
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_8546843
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jeff_bezos_amazon_owner wrote:
can anyone please share me dhan referall
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_8546981
Possible to hold multiple bdsa with different brockers ?
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_8547166
vsvishnu wrote:
Possible to hold multiple bdsa with different brockers ?
No no bhai
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_8577507
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jeff_bezos_amazon_owner wrote:
is finvasia good ? planning to open an acc just for basic stock buying and selling
Yes, basic buying selling k liye bhi or advanced trading k liye bhi. Zero brokerage hai, koi commission ya one time fee bhi nahi. It’s good.
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_8582032
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)
How's there App? I can see their reviews are pretty bad. 2.0-3.7 Star
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_8582051
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https://www.sharekhan.com/Upload/General/BSDA_T...
https://www.motilaloswal.com/blog-details/bsda-...
@pingpong
bikidas2060 wrote:They Don't Charge for BSDA .Both Sharekhan and Motilal Oswal as per there Websites.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.sharekhan.com/Upload/General/BSDA_T...
https://www.motilaloswal.com/blog-details/bsda-...
@pingpong
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_8582346
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shraaj wrote:
They Don't Charge for BSDA .Both Sharekhan and Motilal Oswal as per there Websites.
https://www.sharekhan.com/Upload/General/BSDA_T...
https://www.motilaloswal.com/blog-details/bsda-...
@pingpong
Nopes:
Sales (Debit Transaction) 0.03% of the value of the transaction (Min Rs.49 ) sharekhan wale se direct copy n paste. Motilal Oswal ke bhi wahi chiz min 75. 18% GST is separately charged. 🐒🐒🐒
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_8583076
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It didn't mention anywhere, and also as per SEBI Guidelines for BSDA, They cant charge you this amount.
Nobody has filed a complaint against them and that's why they are looting
bikidas2060 wrote:Oops!Nopes:
Sales (Debit Transaction) 0.03% of the value of the transaction (Min Rs.49 ) sharekhan wale se direct copy n paste. Motilal Oswal ke bhi wahi chiz min 75. 18% GST is separately charged. 🐒🐒🐒
It didn't mention anywhere, and also as per SEBI Guidelines for BSDA, They cant charge you this amount.
Nobody has filed a complaint against them and that's why they are looting
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_8583081
Expand
shraaj wrote:
Oops!
It didn't mention anywhere, and also as per SEBI Guidelines for BSDA, They cant charge you this amount.
Nobody has filed a complaint against them and that's why they are looting
As per SEBI rules they can't charge AMC but they are free to charge brokerage n other charges as per their whim. 🐒 DP charges are charged regardless of the status of the demat account..
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_9403657
Hello Everyone, Any update on this thread ? I am also looking to open a demat account but what I have observed is where AMC is free there they have delivery brokerage and vice versa. Any Demat account where AMC is free and also the brokerage is 0 ?
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_9403668
bjamadar wrote:Why not ask for stocks also for 0?Hello Everyone, Any update on this thread ? I am also looking to open a demat account but what I have observed is where AMC is free there they have delivery brokerage and vice versa. Any Demat account where AMC is free and also the brokerage is 0 ?
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_9403729
bjamadar wrote:Hello Everyone, Any update on this thread ? I am also looking to open a demat account but what I have observed is where AMC is free there they have delivery brokerage and vice versa. Any Demat account where AMC is free and also the brokerage is 0 ?
Zerodha (,if it's your first and only demat account, then no AMC. Brokerage is zero too)
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_9403788
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bikidas2060 wrote:For personal use I am using Groww already. These accounts I want to open in the name of my family members for applying in IPO.
Zerodha (,if it's your first and only demat account, then no AMC. Brokerage is zero too)
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_9442415
Suppose I closed an old Demat account. then am I eligible for a BSDA (Basic Service Demat Account) for a new broker? because I have only one demat account.
https://www.desidime.com/discussions/0-amc-stock-brokers?page=4#post_9442434
Digitalguy wrote:Suppose I closed an old Demat account. then am I eligible for a BSDA (Basic Service Demat Account) for a new broker? because I have only one demat account.
You should be
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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)
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.