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Need Suggestions for best demate account for LIC IPO

319°
Comrade
stoptomove

Need Suggestions for best demate account for LIC IPO.
low maintenance cost
fully online
low on brokerage
and safe
also if any rewards or referral.

31 Comments  |  
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Deal Lieutenant Deal Lieutenant
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Groww. Some scratch card for referral

Benevolent Benevolent
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When are they coming with their IPO?
Seems like CDSL will soon fly high and i hope so CAMS does too biggrin
@malikcool @bikidas2060

Pro Shopping Friend Pro Shopping Friend
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Date is not announced yet.

Deal Cadet Deal Cadet
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So the advertisements are working.   

Like Magnet Like Magnet
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upstox has reward on refferal

Shopping Friend Shopping Friend
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Do you want to create a demat account only for ipo?

Comrade Comrade
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both IPO and trading

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Pro DealBaba Pro DealBaba
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I have 5 paisa, if u want i can refer you.

Comrade Comrade
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I was having it but now it’s dormant.

Deal Lieutenant Deal Lieutenant
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Go for finvasia.

Comrade Comrade
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can we close a cdsl account directly at cdsl

Deal Newbie Deal Newbie
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for the same purpose I opened it with finvasia.

Let me know if anyone need referral. Do ping me.

Generous Generous
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Upstox / Groww / Finvasia / Paytm Money / Zerodha

https://cdn0.desidime.com/attachments/photos/740637/medium/Screenshot_2022-02-07_at_3.49.53_AM.png?1644186490

Better resolution image link: https://i.ibb.co/Wk4vQQY/broke...ng

# Account Maintenance Charges & Platform Usage charges are yearly.

# Brokerage charges are for equity delivery, applied per scrip/company, on both buy & sell. Number of shares does not matter.

# DP Charges apply when you sell stocks, applied per scrip/company. Number of shares does not matter.

# Funding charges for Groww are not known to me, if someone knows, please let me know, I’ll update.

# Funding charges are applicable if funds are added to trading account via netbanking option. You can avoid these charges by using UPI/IMPS/NEFT, which are free, but have daily limits, which should be fine for most people.

# GST is extra for all charges

PS: Finvasia, Groww & Paytm Money mention their zero maintenance charges on their pricing page, but Upstox does not for some reason. For Upstox, you’ve to go to account opening page and there they show this:

https://cdn0.desidime.com/attachments/photos/740636/medium/Screenshot_2022-02-07_at_2.11.59_AM.png?1644180154

Helpful Helpful
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For upstox, AMC is 150+GST
https://upstox.com/demat-ac...t/

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Deal Subedar Deal Subedar
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For everyone

For each PAN if our holdings are less than Rs. 50,000/- then NO AMC is applicable be it Zerodha, HDFC or others.

Search about BSDA Account. As OP need it only for LIC IPO & assuming he will be allotted 1 lot [& has no other holdings] AMC will be ZERO.

What is a Basic Service demat Account? (zerodha.com)

P.S.  My preference would be ZERODHA.

Tech Guru Tech Guru
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only Zerodha, IIFL etc automatically detect if the account is a BSDA or not. Otherwise, brokers like HDFC sec, ICICI Direct etc have separate form to be filled in.

Dhan n Fyer’s give free demat accounts without any conditions

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