Demat account with less AMC charges

Demat account with less AMC charges

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Deal Cadet
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Hello everyone, I wish to open one demat account for investment. Kindly suggest me which company’s demat account should i opt for.

26 Comments  |  
16 Dimers
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Deal Cadet
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Zerodha,5paisa,upstox . Pm me for referrals innocent

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Deal Cadet
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Which company provides trading account without adhaar number?

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Deal Subedar
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ZitOO wrote:

Zerodha,5paisa,upstox . Pm me for referrals innocent

zerodha charges AMC ..

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Critic
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Singup with any broker for demat. Usually they will offer 1-2 years free AMC charges but later you can request for wave off your AMC charges if you only have 1 demat account on your name and also if you are not heavy trader.

Recently ICICI direct offered that to me but I have 3 demat account so I could not take benefit of this.

I recently opened demat accounts in Sharekhan and Motilal Oswal. I got 2 years free in Motilal Oswal.

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Deal Cadet
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Roushh wrote:

Singup with any broker for demat. Usually they will offer 1-2 years free AMC charges but later you can request for wave off your AMC charges if you only have 1 demat account on your name and also if you are not heavy trader.

Recently ICICI direct offered that to me but I have 3 demat account so I could not take benefit of this.

I recently opened demat accounts in Sharekhan and Motilal Oswal. I got 2 years free in Motilal Oswal.

I have one dormat icici demat account, I am looking for demat a/c with least AMC charges. I will try to reach Sharekhan, or Motilal Oswal and Zerodha

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Critic
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Professor1 wrote:

I have one dormat icici demat account, I am looking for demat a/c with least AMC charges. I will try to reach Sharekhan, or Motilal Oswal and Zerodha

Check this… You can chose to have free for life demat account (BSDA) at anywhere considering you fulfill the requirements.

https://www.sebi.gov.in/media/press-releases/au...

Eligibility Criteria:

All the individuals who have or propose to have only one demat account where they are the sole or first holder shall be eligible to have a BSDA provided that the value of securities held in the demat account does not exceed Rupees Two Lakhs at any point of time. An individual can have only one BSDA in his/her name across all depositories.

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Deal Cadet
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Roushh wrote:

Check this… You can chose to have free for life demat account at anywhere considering you fulfill the requirements.

https://www.sebi.gov.in/media/press-releases/au...

Eligibility Criteria:

All the individuals who have or propose to have only one demat account where they are the sole or first holder shall be eligible to have a BSDA provided that the value of securities held in the demat account does not exceed Rupees Two Lakhs at any point of time. An individual can have only one BSDA in his/her name across all depositories.

Should I talk to icici customer care regarding my existing demat account for either reducing the amc charges or closing it completely. Already my amazon pay card has been blocked

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Critic
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Professor1 wrote:

Should I talk to icici customer care regarding my existing demat account for either reducing the amc charges or closing it completely. Already my amazon pay card has been blocked

If you are not using your demat account already and have no plan to use it in next year then it’s better to close it.

If you want to keep your demat account then call your relationship manager at ICICI direct (his number will be on ICICI direct dashboard) and ask him to remove your AMC charges under BSDA. If he refuse then ask why.

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suspended
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Check with Upstox, it is free AMC. I have but it is old account almost 3year and absolutely free.

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Deal Lieutenant
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Upstox is the best discount broker these days. Pm me for referral if needed.

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Deal Cadet
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Roushh wrote:

If you are not using your demat account already and have no plan to use it in next year then it’s better to close it.

If you want to keep your demat account then call your relationship manager at ICICI direct (his number will be on ICICI direct dashboard) and ask him to remove your AMC charges under BSDA. If he refuse then ask why.

I will speak to him waiving amc charges tomm. Thanks. KG

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Deal Subedar
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Yes upstox and zerodha ( discount brokers ) were the least in charges .

And other ICICI direct .. hdfc ..etc are full time brokers where they charge high fee

If you can access it online go with discount brokers and if you need to place orders by calling go with full-time brokers

Inbox me can guide you if you want to open an account with upstox or zerodha .. ( I am a sub broker in zerodha and upstox )

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Deal Cadet
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Any benefits of registering through ref? I am looking to open a demat acc in upstox.Is a cancelled cheque compulsory for kyc or passbook enough?

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xera0117 wrote:

Any benefits of registering through ref?

Not for you. Only for the person referring you. That’s why so many people are promoting Upstox here. They just want to earn refer money. wink

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nimod wrote:

Which company provides trading account without adhaar number?

All online applications for opening trading acc requires aadhaar otherwise visit local office of banks/brokers to submit documents manually.

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Deal Cadet
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varun_ wrote:

Yes upstox and zerodha ( discount brokers ) were the least in charges .

And other ICICI direct .. hdfc ..etc are full time brokers where they charge high fee

If you can access it online go with discount brokers and if you need to place orders by calling go with full-time brokers

Inbox me can guide you if you want to open an account with upstox or zerodha .. ( I am a sub broker in zerodha and upstox )

I will go through the amc charges for both zerodha & upstox and then i will get back to you

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Deal Subedar
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Professor1 wrote:

I will go through the amc charges for both zerodha & upstox and then i will get back to you

Check inbox

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Deal Newbie
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Professor1 wrote:

I will go through the amc charges for both zerodha & upstox and then i will get back to you

you want upstox referral for amc benefit?

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Deal Cadet
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rockyVII wrote:

you want upstox referral for amc benefit?

No brother, I have already received way too many referrals smile

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Deal Cadet
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sidmanraj731 wrote:

You can choose finvasia.

how is it service wise? I saw its review on youtube and it seems fine

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Deal Newbie
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Professor1 wrote:

how is it service wise? I saw its review on youtube and it seems fine

I too am trading with them and can safely say services offered are good.

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Deal Cadet
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Upstocks/zerodha please suggest eijth less amc

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Deal Newbie
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Finvasia – Rs. 0 AMC
Upstox – Rs. 150 AMC
Zerodha – Rs. 300 AMC

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