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catchsudipto
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 641
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   Topic: Which brokerage to choose?
Posted: 21/Sep/2006 at 3:15pm |
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Dear Sir,
I am asking an question which might not be of any particular interest.
Sir I want to know " which is the best online share trading broking
house suitable for small retail investors like me" . I have an accout
in icicidirect.com but it charges too much at .75% per trade. So after
adding STT, service tax etc it comes around .1%, which is too much a
brokerage. Also the connection speed is slow.
Please help.
thanks
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Make your Life as simple as possible.
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omshivaya
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 5966
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Posted: 21/Sep/2006 at 4:06pm |
I have seen that HDFC Securities is very good. ICICI charges way too high. And best part of HDFC is, you get Savings account, Demat and Trading account and also mutual fund investment all at once place and all available online. You can now buy and sell your units of mutual funds thru your online HDFC trading account too, plus their charges are pretty
less: brokerage+tax etc. all combined: 0.56% approximately.
Sometime later if you wish to switch from managing your own account to putting your money into any mutual fund, HDFC has that option too. The HDFC mutual fund "Prudence" is one of the best around, fyi.
Hope some xtra info. helped  |
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
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Posts: 18403
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Posted: 21/Sep/2006 at 4:07pm |
I trade through kotakstreet.com and have found their services quite OK. Do not go on brokerage alone because that is just one part of the story. When ever I have a problem with Kotak I put in an emaila and almost immediately I have a call from their Bombay office. Also ICICI do not have a very friendly screen based system.
Too bad I did not buy Kotak the first time I opened my account. The stock has been up 20 times since that time (2001). Peter Lynch does work! |
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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catchsudipto
Senior Member
Joined: 06/Sep/2006
Location: India
Online Status: Offline
Posts: 641
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Posted: 21/Sep/2006 at 4:30pm |
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Thanks for the info. I also agree that. their trading terminal is bad.
Sometimes i cant open it due to heavy trafic.The nearest demat centre
is in Parkstreet ( crossing) . I have never seen such unfriendly
peoples in my life. Their only answer is " please contack bombay
office"
As i have an Account in UTI Bank, i am planning to open a new
trading account in Geojit. Sir Do u feel it will be a good choise as
its brokerage is .30% per trade. HDFC i have to think .
Please send your comments.
thanks
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basant
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Posted: 21/Sep/2006 at 4:43pm |
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Do not go by brokerage. Suppose on a critical day your terminal does not work or your funds transfer does not get reflected then it would not seem a bargain. Kotak I have used and found it to be very good. Others (except ICICI) I am not aware. Why not try Kotak?
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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catchsudipto
Senior Member
Joined: 06/Sep/2006
Location: India
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Posts: 641
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Posted: 21/Sep/2006 at 5:03pm |
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Dear Sir,
Thanks for the info. Once i make up my mind i will surely contact kotak.
Sir any information as why educomp is going up in a crazy manner? any information about it ..
thanks.
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basant
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Posted: 21/Sep/2006 at 5:11pm |
No clear idea as such but I have put in my observations in the Educomp-Revolutionising education section.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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prosperity
Senior Member
Joined: 01/Sep/2006
Location: India
Online Status: Offline
Posts: 546
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Posted: 21/Sep/2006 at 12:28pm |
Take your pick .. even icicidirect seems to have flat brokerage.. i'll check it out !
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