Demat account for investing in bonds
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I want to start investing in bonds, which requires a demat account.
Please help which portal/broker gives free demat account with no/less AMC charges.
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in my opinion
fyers
finvasia
Mirae (with one time 2.5k charges if my memory serves right)
groww
..... etc lots more....
Also MOST OF THE FULL TIME BROKERS HAVE LIFETIME FREE DEMAT for zero AMC
WITH 3K OR 2.5K initial deposit (you have to request it though before opening account with full time brokers)
Groww
Groww, Zerodha, Wintwealth, Dhan
just wanted to highlight last year kamala sitaram removed ltcg from bond, so you will be taxed based on income tax slab, if you are in 30% slab then tax saver fd is better alternative
generally, people don't sell bonds, and
bonds interests is under the tax bracket since always
The first thing i advice is open free rbi direct account and start with floating rate bonds and explore. Its free and it sends varioys optional notications to email.
Research and invest after this.
most of the discount brokers:) gives 0 AMC
search google on "discount brokers in India" and in their website check their AMC charges
because one shirt wont fit all:) so better if you can research using "discount broker" keyword:)
Since your needs will vary IT MIGHT CHANGE TO MORE THAN BONDS IN FUTURE