Demat account

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vithanideves...

Hi, I want to open Demat Account. Main purpose is long term investment like LIC IPO etc. Which is best option with minimum maintenance charges for long term investment?

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Crowdpuller Crowdpuller
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Zerodha, upstox, iifl are good.
If you are first time investor you can open BSDA account with zero AMC.
Ping me for referral.

Deal Subedar Deal Subedar
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Main question is who will get LIC IPO

Gujarat Titans Gujarat Titans
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Dhan.co, zero amc, competitor to zerodha, inbuilt trading view account
Pm for referral

Deal Subedar Deal Subedar
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fyers is having zero amc till this month end. chk ur chat for referral. other sites like zerodha and upstox will charge AMC charges around 400+GST /yr

Deal Subedar Deal Subedar
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NewLife wrote:

fyers is having zero amc till this month end. chk ur chat for referral. other sites like zerodha and upstox will charge AMC charges around 400+GST /yr

Fyers have that offer for so long. joy

Personally I have been seeing that for atleast 7 months where every month they say that the offer is valid until month end.

Deal Subedar Deal Subedar
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Take a referral but do not go with their suggestions. If you are looking for a decent mobile app for managing everything then blindly go for Zerodha. Zerodha is not for trading though as there is a member wise restrictions to trade in f&o.

Hunk Hunk
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amdoinggood123 wrote:

Dhan.co, zero amc, competitor to zerodha, inbuilt trading view account
Pm for referral

yes bhai take Dhan. 🙂🙂🙂🙏

Hunk Hunk
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NewLife wrote:

fyers is having zero amc till this month end. chk ur chat for referral. other sites like zerodha and upstox will charge AMC charges around 400+GST /yr

upstox charges brokerage on delivery too

Deal Cadet Deal Cadet
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I want to invest in Nifty index through SIP.
Do I need to take trading account for handling Nifty index SIP operations?

Or any way to buy with minimal charges

Analyst Analyst
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If you are using just for ipo and long term, nothing better than finvasia. Everything is zero there…
I’m using it for past 1 year as my secondary broker after upstox and I haven’t got any issues so far.

Deal Lieutenant Deal Lieutenant
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Vaastav wrote:

If you are using just for ipo and long term, nothing better than finvasia. Everything is zero there…
I’m using it for past 1 year as my secondary broker after upstox and I haven’t got any issues so far.

Do u use thr shoonya app
Web or android hows experience

Deal Cadet Deal Cadet
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amdoinggood123 wrote:

Dhan.co, zero amc, competitor to zerodha, inbuilt trading view account
Pm for referral

refer 

Deal Newbie Deal Newbie
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Consider Groww for a LTF account.

Analyst Analyst
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insta wrote:

Do u use thr shoonya app
Web or android hows experience

I use their app. I liked their new interface which they recently updated.

Hunk Hunk
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Vinod358 wrote:

I want to invest in Nifty index through SIP.
Do I need to take trading account for handling Nifty index SIP operations?

Or any way to buy with minimal charges

If you want to invest in ETFs then yes you will need a demat account.

Royal Challengers Bangalore Royal Challengers Bangalore
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HDFC Securities is good also.

Crowdpuller Crowdpuller
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bikidas2060 wrote:

0.1% since, last year bhai. 

You will be charged brokerage of ₹20 per order or 2.5% (whichever is lower) for buying stocks and selling them after a few days, weeks, or months. This is called an equity delivery order. These charges will be applicable to all customers onboarded on or after 21 September 2021.

Found this on upstox website. Thanks for pointing out @bikidas2060

Deal Cadet Deal Cadet
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Vinod358 wrote:

I want to invest in Nifty index through SIP.
Do I need to take trading account for handling Nifty index SIP operations?

Or any way to buy with minimal charges

No, if you want to invest in any Mutual Fund, just create account in that MF and you can start investing. You don’t need to pay anything

Deal Cadet Deal Cadet
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wackophant wrote:

No, if you want to invest in any Mutual Fund, just create account in that MF and you can start investing. You don’t need to pay anything

I have done in this way for ICICI and axis Mfunds..
But for nifty index funds etc it’s different right?

Deal Cadet Deal Cadet
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Vinod358 wrote:

I have done in this way for ICICI and axis Mfunds..
But for nifty index funds etc it’s different right?

I don’t know why you are thinking Mutual Funds and Index Mutual Funds are different.

Index Mutual funds are a type of Mutual Fund which track their respective Index. And are passive(coz Fund manager does not actively choose the shares, but follow the index)

ICICI and Axis have Nifty Index funds, you can do your research and do investment based on your requirement in the same way you are doing other Mutual Funds.

Deal Newbie Deal Newbie
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Interesting answer when all others are suggesting discount brokers. Why do you think HDFCSec is a good option?

I have been thinking of switching from ShareKhan to HDFCSec hoping to get preferential rates as I am an existing bank customer, but I need to check that.

Deal Subedar Deal Subedar
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prem4998 wrote:

Take a referral but do not go with their suggestions. If you are looking for a decent mobile app for managing everything then blindly go for Zerodha. Zerodha is not for trading though as there is a member wise restrictions to trade in f&o.

Can u suggest which one is best for trading in discount broker

Deal Subedar Deal Subedar
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Groww is best …… Pm me for referral

Deal Subedar Deal Subedar
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luckjiy wrote:

Can u suggest which one is best for trading in discount broker

Anyone who provides good support and nest terminal. I did not try any other brokers so can’t suggest one.

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