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MUTUAL FUNDS, (TOP FUNDS FOR FOR 2020)

If you are one of those investors who want to invest in the markets but does not have clear information about investing, a mutual fund is the best option for you. There are various advantages of mutual funds as compared to direct investment. So before we proceed to discuss the best mutual funds to invest in 2020, let us first understand what a mutual fund is, how does it function and what are the advantages.

MUTUAL FUND AND IT,S TYPES

Mutual Fund is basically a professionally managed investment fund that pools money from different investors and purchases securities.

Also, there are various types of mutual funds to choose from depending upon your future financial goals.

 Types of Mutual Funds

Money Market Funds these invest in short term fixed income securities like treasury bills, Government Bonds, Commercial papers etc. Low level of risk as well as low returns.

 Equity Funds

They invest in stocks majorly growth stocks that do not pay dividends and income funds which usually pay large dividends.

 Balanced Funds

These invests in a mix of equities and fixed income securities. They usually follow the diversification model.

 Specialty Funds

These invest in real estate, commodities or in Companies that support socially responsible causes.

 Fund of Funds

These funds invest in other funds again focusing well on diversification.

 Tax Saving Funds With long term financial goals

especially if you a salaried person tax saving fund is the most suitable choice to go for. It helps in wealth creation as well as saving tax with a minimum lock-in period of 3 years.

 Advantages of Mutual Funds

  • Affordable- Usually have minimum investment requirements.
  • Diversification- This is the most important benefit involved with mutual funds. With adequate diversification comes a lower risk.
  • Various types- As mentioned above there are various categories and types to choose from depending on the financial goals of each person.
  • Less complex and easy to buy- It is simple to understand and can be easily purchased from brokers, banks, insurance companies.
  • Professionally Managed- Another unique feature of a mutual fund is that it is well-managed by a professional team of experts and consequently there is a low chance of loss.

After giving you a brief introduction to the relevance of Mutual Funds we will now look at the

top ten Mutual Funds to invest in 2020. (Values in cr)

CR Equity Diversified Fund (G)-

It is a multi-cap fund with NAV of 126.96.

  1. Mirae Asset India Equity (G)- It is also a multi-cap fund with NAV of 48.08.
  2. Axis Bluechip Fund (G)- It is a large-cap fund with NAV of 27.
  3. CR Bluechip Equity Fund (G)- It is also a large-cap fund with NAV of 23.55
  4. Edelweiss Large Cap- A (G)- Also a large-cap fund with NAV of 33.78
  5. Invesco Growth Opprtunities Fund (G)- It is a large and mid-cap fund with NAV of 32.28.
  6. Sundaram LArge and Mid Cap Fund (G)- It is a large and mid-cap fund as well with NAV of 32.56.
  7. Axis Mid Cap Fund Growth- It is a mid-cap fund with NAV of 34.20
  8. Invesco India Mid Cap (G)- It is also a mid-cap fund with NAV of 46.51.
  9. HDFC Small Cap Fund (G)- It is a small-cap fund with NAV of 41.66.

 

Top Five Tax Saving Mutual Funds

 ELSS ( Equity Tax Saving Schemes) –

Tax deduction under section 80c can be claimed in Income tax by investing in these tax saving mutual funds. Minimum 3 years of lock-in period is applicable from the purchase date.

  1.  ABSL Tax relief’96 Direct (G)
  2. Invesco India Tax Plan DP (G)
  3. Taurus Tax Shield (G)
  4. Taurus Tax Shield Direct (G)
  5. Invesco India Tax Plan (G)

All the above mentioned are top rated Mutual Funds by CRISIL as well. But before investing please do remember that markets are subject to risk and make sure your selection of Mutual Fund is in align with your financial goals and risk tolerance.

Hope it helps !!

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DEMAT ACCOUNT https://www.niftyfriend.com/demat-account/?utm_source=rss&utm_medium=rss&utm_campaign=demat-account https://www.niftyfriend.com/demat-account/#respond Sun, 14 Jun 2020 09:53:36 +0000 https://www.niftyfriend.com/?p=2083 The post DEMAT ACCOUNT appeared first on niftyfriend.

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Demat Account

With the share prices soaring high this season, the Demat accounts are much in demand. But before you start investing, you need to know and understand the basics of a Demat account and its aspects to properly use it. When the share trading in India was standardized, for better transactions and value, Demat accounts were made. These accounts are similar to your bank accounts with the only difference is that in these accounts, you hold your shares expect of cash like in bank accounts. The standardization of the share markets and transaction with the formation of the National Stock Exchange gave rise to the need for the Dematerialization of the shares and thus Demat accounts were evolved. The internet and the technology had a major role play in this whole journey of the development of the Demat accounts and today, Share trading has become popular in India because of all these facilities.

In this article, you can find the different aspects, benefits of Demat Accounts, Dematerialisation and also about Depositories system in share trading in India.

In today’s, time when everything we do is mostly on the electronic platform, that is mainly with the help of the computers, share trading has also been taken to the screen of the computers to make it way faster so that one can sell or buy at the price they seek for. The Demat accounts which can also be called or referred as the Dematerialised accounts of the shares are used for storing the stocks and the securities in the digital format or electronic one. While trading from the computer terminal, the shares are held and kept in the Demat account and used for the transaction of the shares. The Demat accounts are not only meant for the shares but for all the investment you can make in the financial industry like in government bonds, ETFs, mutual funds, shares of the private as well as government companies or organizations etc.

Insight on Earlier Trading and how Demat was evolved

It is interesting for every investor nowadays to know how the shares were traded earlier when there was no Demat account. If you have someone elderly who used to or still invest in shares from the time when there was no dematerialization, you will be overwhelmed to listen to their stories. But here is a little insight into the old-time of share trading –

The system or the process were known as “Ring” and the time was around 1875 when at the Bombay stock exchange which is the oldest stock exchange after Calcutta Stock Exchange in the country, had share trading in the physical format. The traders used to shout at each other to buy and sell the shares and the transaction was made in cash and via share certificates which were in paper format. Since a lot of paperwork was involved in the process; the time taken was huge which and thus the need for the dematerialization of the shares was taken into consideration.

In 1996, the dematerialization of the shares was started and the Demat accounts came into the limelight. After the dematerialization of the shares, the same was transferred to the Demat accounts of the shareholders who earlier held the physical share certificates.

What is Demat?

The term dematerialization has come in the articles till now for many times and if you are a newbie in the market, you might be wondering what is dematerialization of the shares. So, the Dematerialization of shares is the process of converting the physical share certificates into the electronic ones. These electronic certificates provide utmost help in the trading process by quickening the trading process itself. Moreover, today, you can trade from the comfort of your home, while traveling and any possible time you want to trade when the markets are open. You can invest in foreign shares as everything is now processed by the technology and there is hardly any barrier in the investment field due to the dematerialization process.

Facilities of Depositories

Like Banks are maintained and controlled by the Central Bank which is RBI in India, likewise, the Demat accounts are maintained and controlled by the Depositories in India. The two depositories which function in India are the Central Depository Services India Ltd. (CDSL) and the National Securities Depositories Ltd. (NSDL). The Demat accounts are provided by these depositories via the stockbrokers, Depository participants, and other intermediaries. The charges of opening the accounts depend on the volume of the shares which is helpful in the account, types of the shares and also depends and vary according to the DPs.

Facilities like regular account statement of the shares you held are provided by the DPs, the transaction details, etc. It can also help in using the Demat for hypothecation against long from banks, mortgage etc. The nomination facility for the Demat accounts is also provided by the depository participants and the depository itself.

Features of Demat Accounts

There are various features and objectives which is there in a Demat Account and the process of Dematerialization of the share trading and they are mentioned below –

  • Almost No Paperwork:
  • Earlier, the main barrier in the share trading was the bulk of documentation in the physical form which was required but with dematerialization, the shares are now traded electronically and thus the physical paperwork which used to consume a lot of time has been reduced to almost nil. The process has become less tiresome as well as efficient and convenient for the investors, brokers, Depositories and the Exchanges as well as the companies.
  • Risks are minimal:
  • With physical shares certificates, there were the risks of damage to the physical paper, fake documentation, misplacement etc. With the electronically held shares, these risks are eliminated and thus one can securely handle the accounts and trade in shares.
  • Costs of share trading have also decreased:
  • The extra charges had to be incurred on the stamp duties, handling charges or the postal charges of the security certificates but with electronic share certificates, there are no such expenses. The exact cost of the transaction share can be calculated now even before buying or selling the shares at every cost are fixed and transparent.
  • Quick and Instant Process:
  • With Demat accounts, you get the shares in the account the same time you made the transaction but earlier, the physical shares used to take more than weeks to get delivered to the owner of those shares. The payment methods are also flexible and secure making the entire process really quick and instant.

How Does Demat Account Works?

As discussed, the Demat Accounts are maintained by the Depositories and the Depository participants facilitate the accounts to the investors. The Investors has to be buying the Demat accounts from the DPs and they are the only bodies who are authorized to provide the Demat services from the Depositories to the investors. Now, when shares are traded, the information goes to the depositories, they release the shares and then via DPs the shares get into the Demat accounts of the share purchaser and get out of the Demat account of the share seller.

There is a unique identification number assigned to the Demat accounts and with that number, the shares are deposited in the correct Demat accounts when transacted. Since the number is registered with the specific Demat account, you don’t have to provide or use the number each time you trade. The depositories will deliver a statement which has all the records of transaction and balance of shares of the month and you can check them thoroughly.

How to open Demat Account?

The process of opening a Demat account is almost similar with every Depository participant and the steps are as follows:-

  • First, you need to select a Depository Participant. There are many in India, you can choose according to your requirement and the brokerage they charge etc.
  • Then you have to fill the form for opening the Demat account.
  • They will give you a list of documents to be submitted. Make photocopies of each of the documents required and self-attest them and send or mail them to the depository participant.
  • PAN card is mandatory for opening this account in India.
  • After the verification of the documents and maybe there will be also in-person verification as well, the Account number and the details will be provided to you by your DP.

Fees of Demat Account

There are different types of fees which you have to pay for opening, maintaining the Demat account. There are mainly three types of fee or charges which you have to bear:

  • Demat Opening Charges: This charge is dependent on the DPs; there are various discount brokers in India who don’t charge any fee for opening up a Demat Account. Others who are not the discount brokers charges opening fee for the Demat accounts.
  • Annual Maintenance charges: The AMC is compulsory for the Demat accounts. This is a nominal fee which you have to pay for maintaining the account with the DPs and the Depositories.
  • Transaction Fees: This is a variable fee depending upon the transaction and the value of the transaction in your account.

Benefits of Demat Account

The benefits of the Demat accounts are many and they are discussed below:

  • One Account for All Investment: Whether you have investments in bonds, shares, futures, options, etc., one Demat account is enough to hold all your investment. You can connect it with the bank accounts and make the transaction as smooth as possible. You can use the same account for mutual funds investment as well, what else do you need? It is a single account with multiple facilities.
  • Automatic Update: Since it is completely based on technology and electronic systematization; you don’t need to update anything after making the transaction. Once your transaction is done, the number of shares, balancing of shares and everything will be done on its own in the Demat account.
  • Digitalization: With the digitalization of the share trading, there is no hustle regarding the paper or physical trading of the shares. There is no requirement for huge documentation as everything is done online and on the electronic platform.
  • Decreased Expenses: Since the paper evidence of the shares has been eliminated, the stamp duties are not required and similarly, there were many other expenses which were there earlier which has been decreased with the electronic share trading.
  • Secure: It is utmost secure and there is no risk of displacement of the physical share certificates, damage of the share certificates etc. Moreover, no one can make fake share certificates and fool the investors.
  • Time efficient: The Demat account and the electronic share transaction is high time efficient as the time consumed earlier in the physical share trading has been reduced due to the technologies and the digitalization of the process. Now everything is done within a fraction of seconds.

Difference between Trading and Demat Account


Often people get confused about the trading and the Demat account. Are they same or different? What is the use of both of the accounts in trading? There are many more questions which come to our mind about these two accounts.

 So, let see how these accounts are different from each other –

  1. When the Demat Account is used for storing the shares, the trading account is used as the intermediary between the Bank and the Demat account for the trading of the shares. It is used for the selling of the shares and it is used like a current account for the purchase of the shares.
  2. If the investors or trader trade in shares/stocks, both the Demat and the trading account is mandatory and required. But if the investors’ trade in futures, options, and currencies that is except the shares of the companies, then only a trading account would do.
  3. The charges of the accounts differ from each other. While the Demat account attracts the annual maintenance charges and transaction charges beside the opening charges (if any), the trading account only has opening charges.

Is Demat Account compulsory for making the investment?

Yes, Demat accounts are mandatory in India for making investments in the capital market. Whether you invest in shares or the bonds or any other financial instruments, there is the requirement of the Demat accounts. There is another clause to this, that if there is a public offering which is more than 10 crores and an investor wants to buy a share of that issue or company, it has to be done through the Demat account.

Why closing of Demat account is necessary if not in use?

Since there can be many fraudulent activities with the Demat or the trading as well as the bank account, it is mandatory to close the Demat account if it is not in use anymore. The depositories made it mandatory by law.

 

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Commodity stock broker India https://www.niftyfriend.com/best-commodity-broker/?utm_source=rss&utm_medium=rss&utm_campaign=best-commodity-broker https://www.niftyfriend.com/best-commodity-broker/#comments Tue, 12 Nov 2019 10:50:25 +0000 http://niftyfriend.com/?p=115 The post Commodity stock broker India appeared first on niftyfriend.

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Indian share market has not limited its services only up to shares, financial certificates or valuable bonds; it has also spread its services towards commodity brokerage facilities. A commodity broker is an authorized registered representative who places commodity trades on behalf of their clients. They are the person who has thorough and detailed knowledge of commodity trading system and strategies used to identify the trends of their trading platform. A commodity broker generally handles commodity trades for the brokerage firm. There has been increasing trend in the share market for commodity trading. It is the first and foremost duty of a commodity broker to accomplish their task by providing appropriate advise to the clients regarding the most profitable exchange of the commodities. At the initial stage when commodity trading came into effect, the deals were with agricultural commodity, metal commodity or energy commodities etc. But now with the passage of time and due to the new and innovative market trends commodity broking has come up with financial derivatives that are based on wide range of assets, such as currency. Commodity broking has become an established asset class in the Indian share market in the last few years. Indian investors are moving towards the changing trends of share market. This has attracted investors to trade in commodity as a future asset and make a profitable deal. Commodity broking holds its uniqueness in transparency in a price mechanism, low margin, risk management and price clarity in an organized way for the benefit of the investors. Generally the investor those who want to deal with high leverage helps them to invest in a large number of lots, make a good profit for their investment plan. Best commodity broker deliver valuable advice on recent market acceleration. New traders are prone to make mistake but with the guidance of good commodity broker they can avoid such problem and be a polished investor within a short period of time. In the field of commodity broking, the financial firms like Zerodha, RKSV and Angel broking have provided huge number of option for the clients those who are looking for trading in commodities. Some of the best commodity brokers of the stock market are becoming the first choice of investors as they have gained a lot of experience over the market, spotting regular trading opportunities is their best ability. New traders are not so active regarding their investment plans while commodity trading and they generally miss out profitable opportunities. Holding the best commodity broker in the brokerage process is a smart choice. It is the duty of a best commodity broker to introduce such trading plans which are suitable for clients as per their requirement and capabilities. So start your investment plan for commodity broking and make sure to join the best commodity brokers and grab their dedication towards the best broking services.

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How to choose right stock broker

niftyfriend.com recommendation for right broker

How To Save Brokerage On Trading With Top Five Brokerage Houses In India?

If you are thinking about investments in shares and other financial instruments in India then you need to think about a brokerage house as well. And when this word brokerage comes into your mind, you think let not waste the money, don’t you? Or at least you start thinking more about the brokerage and less about how to and where to invest. This is a common phenomenon and every newbie in the market and even the pro traders find ways every day to cut the brokerage expenses and to make more profit on their investments. If you are investing for the first time or thinking about taking your first leap in the market then you need to find a good and reasonable brokerage house for sure so that your hard-earned money is not wasted in paying brokerage and annual maintenance charges which are more than your profits sometimes.

But there are ways you can control and monitor the expenses of your in the market and thereby reduce the brokerage and the other charges to make a handsome amount of profit in the market at the end of the day.

Things you need see where you can reduce the charges

  • The charges of the trading platform might not be mandatory – There are many brokerage houses which charges hefty fees for their trading platforms, it might be a past now but earlier this used to happen. Even now there are some of such monsters in the market who wants to gallop all your profits by charging fees for their inefficient trading platforms. But there are the top brokerage houses them who have their trading platforms with inbuilt advanced technologies and they offer the trading platforms free of cost. You need to find out the best brokerage house that has the trading platform with all the features and charges nothing or maybe just a onetime fee which is very affordable to the pockets.
  • The trading fees depend on brokers and financial products – Not all brokers charge the same brokerage or a flat brokerage on all segments. But there are brokers who charge a flat fee on per lot trading or in different segments of investment. There are various brokers who charge high brokerage and other charges for the same services which are provided for free from other brokers. But you have to see what kinds of services are provided by the brokers and whether they are a full-service broker or discount brokerage. Discount Brokerage houses are new in India and they are offering great brokerage schemes but they don’t provide all the services which a full-service broker would provide. But that doesn’t mean that you cannot trade with them; rather there is few of the top discount brokerage house which offers exciting trading opportunities, better platform all at a very cheap fee. The main thing is that you have to understand which trading platform is better, what charges are reasonable for you and then you have to choose the brokerage house. The full-service brokers also charge nominal fees according to their services, it is your investment goal and abilities that will depict which brokerage you should choose but higher brokerage doesn’t mean higher income opportunities or better trading platforms, so beware.
  • Annual fees can be avoided – Yes, the annual fees on the trading account can be avoided by maintaining the least balance in the account just like the bank accounts now in India. But there are many brokerage houses which don’t charge any annual fees on the trading account as well. For the annual maintenance fees, you need to see which Demat account suits you the best and what are their annual charges for maintenance. There are many brokerage houses mainly the top ones who charge a nominal amount which is very much affordable for the investors. You have to check and compare the different brokerage houses.
  • If there are inactivity charges then try to avoid it – Yes, if you can maintain a nominal balance in your account all the time and can trade at least in a while then you won’t have to pay the high inactivity fees. You might be a long-term trader who trades once in a while but you want to research the market all the time so, to avoid the inactivity fees galloping your profits, try to use the platform once in a while by doing some activity which won’t cost your brokerage but also make sure that you are active on the platform. Moreover, in India, the best brokerage houses don’t have any inactivity fees.
  • Account Closure charges – If you need to close the account or the account has been closed due to inactivity, and there is a certain amount deducted from your account then, you don’t have to worry as when you will reopen the account, the same will be credited back to your account.
  • Check and then opt for the optional Features and facilities – Not all the features and the services you require, do you? You have to scrutinize the services you require and then choose them. If you choose all the services and don’t use most of them, then you just have to pay the money without any profit generated against it. So, there are various services offered by the brokerage houses especially the full-service brokerage houses. You should always choose the services that you require for your trading purpose to avoid the extra charges for those services. If you require them in the future, then you can opt for them.

So, by implementing these ideas you can find the best brokerage house in India with which you can save lots of brokerages. This will not only affect your earnings positively but will also reduce your headache of paying hefty fees all the time. And to make your investing journey a little easier, 

top five brokerage houses in India who charges minimum brokerage and have various benefits.

  1. Zerodha:
  2. The concept of discount brokerage house came holding the hand of Zerodha in India. Here is an insight of their trading and brokerage fees –
    1. There is no brokerage on the equity delivery segment in Zerodha. Invest any amount for any time period and you don’t have to pay a single penny as brokerage.
    2. Then for all other segments like intraday in equities, equity futures, equity options, currency futures, currency options, commodities, there is a flat fee of INT 20 per trade or 0.01% of the trading amount whichever is lower of the two for the particular will be charged as brokerage.

This is why Zerodha is one of the cheapest brokerage houses in India as it charges a flat fee of only INR 20 on each trade or just 0.01%. The other benefits of this brokerage house are that there is no concept of minimum brokerage and this idea was also initiated by this brokerage house in the country again. Then there is a referral program of this brokerage house where you can earn and save brokerage again. There are various other benefits like trailing stop loss for the institutional traders or bracket orders etc. It is hundreds of branches in the country so, if you are looking for a brokerage house where you can save maximum brokerage then you must choose Zerodha.

  1. Fyers: It is also one of the lowest-priced brokerage houses in the country. Though it is new in the market with its incorporation the year 2015, it has gained a lot of reputation with its innovative trading ideas and platforms and its unparalleled customer care. The Thematic trading of Fyers is a whole new concept in the trading market where there is a range of themes that are read made portfolios with different options in them. This is kind of an automatic PMS service where you can build a portfolio based on your financial goals and aspirations and the industry and stocks you want to follow on your own with the help of the different themes available under this application. The best part is Fyers doesn’t charge a single penny for this great idea, benefit, and service or feature whatever you call it from the clients or the customers. Coming back to the brokerage charges of Fyers,
  • It is the lower of 0.01% and INR 20 on each trade of any volume on equity intra-day, delivery and equity futures trading;
  • For the options, it is fixed at INR 20 on every executed order;
  • for the NRIs the charges are fixed at INR 100 for every executed order; and
  • INR 20 for the call and trade facilities;
  • For automatic squaring off there is again a charge of INR 20 per order executed.

The benefits of using the Fyers platform are huge like you get the thematic trading for free which is a huge benefit. The trading platforms are highly advanced, with technical charts and analysis to help the traders. The trading platforms are free of cost so you are not paying for the trading platform, as mentioned above in the first point of the article.

But there is an upfront fee of INR 400 and taxes on the Demat account as Fyers use the IL&FS platform to provide the Demat accounts.

The Fyers 30 day challenge then offers the traders to win back all brokerage amounts spent in the thirty days if they can constantly make a profit for the thirty days. Fyers is a discount broker but it has a mutual fund and another financial instrument under its belly and thus the brokerage charges are really low if you compare with any other broker in the country.

  1. Upstox: It is one of the leading discount brokers in India with a 1% total turnover on NSE. Its loyal client base has made it one of the top brokers in India within a few years of its incorporation. This brokerage house made mobile trading famous in India with Omnisys NEST OMS on the mobile trading platform; it made the trading easier on the mobile. The other trading platforms of Upstox are also well advanced in terms of technology and ease of trading.
    1. The brokerage plan of Upstox is quite simple and mostly like Zerodha. It is INR 20 or 0.01% of the amount of the order executed on whichever is the lower It is for all the segments that are equity intraday, futures, options, currency futures, options as well as for the commodity futures.
    2. For equity delivery, there is no brokerage.

Coming to the benefits of Upstox, the first and the third point of the above-mentioned points are checked. There is no trading platform fee and there is no annual maintenance fee on the trading account but there are a trading account opening fees of INR 150. The annual maintenance fees on the Demat account are also INR 150 which has to be paid yearly on the beginning. The other benefits include the iOS and the android trading platforms which are super fast and have technical analysis charts and other various features with which you can trade on the go. These trading platforms whether on phone or computer or on any other device are available free of cost. Being a discount broker in the market, it has all kinds of facilities to make your trading smooth and profitable, it has bracket orders, cover orders, aftermarket orders everything, so you are not loosing on anything even when the brokerage is one of the cheapest in the market. This is not the end; you get various indicators, charts, and graphs for predicting markets for better trading profits.

  1. Angel Broking: It is a full-service broker with lots of varied facilities, products, and This firm was established with the motto of making retail investment popular and easy in India and they actually did the same in just a few years of their operation. They provide an array of services like Portfolio management, investment advisory services, Demat services, trading of different financial instruments, etc.
    1. The brokerage plan of a full-service broker is obviously different from the discount brokers but you have to see what other benefits you are getting if you are trading on their platform. So, there are various plans under Angel broking services and the minimum brokerage on Equity delivery segment as of now is 0.128% whereas the maximum is 0.4%. In the equity futures or intraday segment, the minimum is 0.0128% and the maximum brokerage charge is 0.04%. In the options segments, there are varied charges and it varies from INR 6.4- INR 80. In the commodity segment, the charges are between 0.128% to 0.4% and etc. The main thing which you must consider is the Demat charges under different plans that are for the Angel Classic plan, you have to pay AMC from the beginning year and the amount is INR 450 whereas for the Angel preferred you have to pay the AMC from the 2nd year and for the other two plans Angel Premier and Elite, the AMC charges starts from 3rd and 4th But if you want you can purchase a lifetime Demat account with only INR 2500 and these will be no charges in the future.
    2. The other benefits of Angel broking are like highly technologically advanced trading platforms are offered free of cost. There are a variety of products and segments for you to invest and that too with just one single trading and Demat account, what else do you need? Can you imagine how much Demat charges and trading brokerage you can save with one single platform and account to trade in different segments? This is why full-service brokers are one of the best in the market. Then the huge presence and association with the big banks and the major exchanges allow the investors to have a faith on the brokerage houses. Then the customer support of Angel broker is always active and there are personalized reports and researches done for the clients and the customers.
  2. Share Khan: It is the leading brokerage house in India and one of the biggest as well. It is actually one of the top 3 largest brokerage houses in India and thus it has an end number of products, services and features and facilities for its customers. Let see whether you can save brokerage by trading on Share Khan’s platform or not.
    1. The brokerage plans are varied but the overview is like for the intraday trades, it is 0.1% on both the sides of the transactions. For the delivery of the equities, the charges are 0.5% or INR 16 per scrip or 10 paise per share whichever is higher. For the Future and options segment, it is 0.1% on the 1st leg and 0.02% on the 2nd provided it is squared off on the same trading day and if later, then 0.1%. For the commodity section, it is 0.1% and it is the same for currency futures as well. For the equity options, it is INR 100/ contract or 2.5% on the option premium but on the basis of whichever fee is higher. For the currency options INR 30/lot or 2.5% on the options premium (higher of the two).
    2. The opening charge of the Trading accounts varies according to the type of account and the range is within INR 750 to INR 1000. But the payment made is just for once and that will also be adjusted against the brokerage amount for the next 6 months. The best part is there is no maintenance charge for the trading accounts but for the Demat account there is INR 400 charge from the 2nd But you don’t have to pay anything for opening a Demat account as the charge is already included in the trading account opening charges. If you see the charges, it is almost equal and even less than most of the brokerage houses in India and thus you save a lot if you start trading with these top five brokerage houses.

None of these five brokerage houses charges a fee for the trading platform, none of them charges inactivity fees, none of the charges hefty brokerages and none of the charges huge annual maintenance fees. So, all the points which you should consider before choosing a brokerage house for saving brokerage and making more profit are covered by these five. So, you can save a lot of brokerages and make a profit while trading on these platforms.

In India, it has been observed that the lack of knowledge in Share trading lands the investors in huge losses but with this dedicated brokerage houses, you not only save brokerage (survey says discount brokers can save 80-90% of your brokerage fees) but also learn to trade at ease and make money on the go.

Frequently Asked Questions

Is ZERODHA safe for traders?

Zerodha have crossed 1.5 miliouns clients as on Dec 19. no 1 stock broker which have zero debt on market as on now. Hightest rated stock broker.

What are the options to open demat account withzerodha online?

Clients can open online demat account with zerodha through ekyc with depository institutions instantly. there also offline options available to open demat account if there persist any issue  with online process.

Don't Be Shy

If we didn’t answer all of your questions, feel free to drop us a line anytime.

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