Need Advice for Opening a DEMAT A/c

@makbul5712281 wrote:

@dealshunter wrote:

@desibuddy wrote:

i also plan to invest, is zerodha have any monthly or yearly fees ?
any bank with no demat charges per annum like that

With Zerodha,
- no fees for trading acct. just brokerage+taxes for your trades.

- 400/yr as AMC for demat.

best is to have a hdfc bank acct (or a few others -listed on their page) for fast n trouble free cash transfers.

treading account is free? charging 300 zerodha

He might have meant no AMC. 300 is towards account opening charges I believe.

@desibuddy wrote:

@ranjithsai01 wrote:

@desibuddy wrote:

guys another doubt about “Delivery Equity” as zerodha and Rksv showing free or zero fees, really is it true ..?? that is if i bought somestick (say : 10 share of Icici ), so i have to pay only the price of 10 shares ..?? no fees or tax ?

Brokerage no, tax yes.. But make sure you get the right plan activated for free delivery of equity.

also if few members in family have demat account means, example: 5 members in family have zerodha account means, we can send some share (5 share of some company) to other account ? like i have 10,000 share of one company and bought at low price, now i want to send it to my brother account, say some 1000 stocks.. is it possible ? like we’re sending money in paytm, is it possible for share/stock too ?? if possible means, only both in same demat (zerodha) or even we send to other company (say sharekhan or rksv), fees ?

Yes you can transfer shares between demat accounts using DIS (deliver instruction slip just like your cheque) or use Easiest platform (have to register the accounts before you make the transfer). They charge a fee for it which might be very negligible (guess its 0.001% with a maximum cap, not sure though) but you won’t be charged a fee if you are closing your demat account (in this case you are allowed to transfer it to your new account). But make sure you have good reasons for such transfers if you are doing it frequently else you might be flagged.

I just talked with one of my aunt.
shes trading from ages.

So what shes doing is. . .she got DP account from kotak securities in my place (They are good)
and she has no trading account.
Shes dealing in the kotak software itself (Something like KEAT software)
So i told her that i will take classes from her one day
Thanx all

good to hear that !
my family had two accounts with them till 2011
but we did not know one could trade without being a registered client of a SEBI registered stock broker !
aka without opening a trading account with a broker!

they provide good research and advisory tools too.

@Itachi Uchiha wrote: I just talked with one of my aunt.
shes trading from ages.

So what shes doing is. . .she got DP account from kotak securities in my place (They are good)
and she has no trading account.
Shes dealing in the kotak software itself (Something like KEAT software)
So i told her that i will take classes from her one day
Thanx all

or should i say, is she sure ?

surely she has signed the contract to be the client of a broker !

@Spock wrote:

good to hear that !
my family had two accounts with them till 2011
but we did not know one could trade without being a registered client of a SEBI registered stock broker !
aka without opening a trading account with a broker!

they provide good research and advisory tools too.

@Itachi Uchiha wrote: I just talked with one of my aunt.
shes trading from ages.

So what shes doing is. . .she got DP account from kotak securities in my place (They are good)
and she has no trading account.
Shes dealing in the kotak software itself (Something like KEAT software)
So i told her that i will take classes from her one day
Thanx all

you surre

or should i say, is she sure ?

surely she has signed the contract to be the client of a broker !

Well i think she has a trading account with them and she buys and sells the shares herself and just takes information from them regarding stocks

@Itachi Uchiha that’d be great then friend
if you be under her tutelage. and pick up the nuances !!

Best Wishes for the same.

[PRAVACHAN]
its okay to go through the learning curve, so long as one eventually learns to sift the chaff from the wheat
AND
stays away from the chaff or risky behaviour no matter how tempting the possibilities look.

So, till one has a real understanding of the pay-offs versus pitfalls, it is prudent to stay away from penny stocks and currency or commodity derivatives and also use equity derivatives ONLY if it is for hedging.

naked positions in equity derivates can burn.. .. .. even third degree burns, that leave permanent scars.
[/PRAVACHAN]

@Spock wrote:

@Itachi Uchiha that’d be great then friend
if you be under her tutelage. and pick up the nuances !!

Best Wishes for the same.

[PRAVACHAN]
its okay to go through the learning curve, so long as one eventually learns to sift the chaff from the wheat
AND
stays away from the chaff or risky behaviour no matter how tempting the possibilities look.

So, till one has a real understanding of the pay-offs versus pitfalls, it is prudent to stay away from penny stocks and currency or commodity derivatives and also use equity derivatives ONLY if it is for hedging.

naked positions in equity derivates can burn.. .. .. even third degree burns, that leave permanent scars.
[/PRAVACHAN]

Thanx Bro

Nice time to buy…