Question:
I have no DMAT A/c now I want to trading shares. Which DMAT service provider is better.?
Hawk Eye
2007-09-04 00:55:43 UTC
Pls assist me to open a DMAT A/c. Pls ans with the details of charges & facilities. Charges like annual trading fees, brokerage etc. Facilities like trading in IPO, Insurance, and Mutual Funds etc. Pls give the details. Thanks in advance.
Nine answers:
Bharat
2007-09-04 01:37:37 UTC
If you want to trade in IPO, Insurance, and Mutual Funds etc. also then ICICIdirect or Reliance Money is good option.



ICICIdirect if trading is less. (High brokrage)

Reliance Money if trade volume is high (High annual charge)
2007-09-04 04:46:00 UTC
for opening a Dmat account go to HDFC bank they are the best and most efficient. Information re charges etc will be provided by them

secondaly DMAT account has nothing to do with Insurance and Mutual Funds.

HDFC bank branches have a mutual fund desk also. they can help u re mutual funds and insurance too.
?
2007-09-04 09:11:09 UTC
I think you can open DMAT account with any provider you want. Many public and private sector banks provide demat services. Public sector banks keep charges low comparatively. But private sector banks provide better and professional services, in return for their higher fees.

Many brokers also offer demat services. If their charges are reasonable, you can open account with them also.

The charges for a demat account are:

Annual maintenance charge - charged every year. Ranges from 300/- to 500/- or more.

Transaction charge - charged whenever you sell shares from your demat account. It can be anywhere between 10/- to 40/-.

Demat charge - charge only if you send physical share certificates for converting them into demat form. I think you will not need it at all, if you are a fresher in stock market.

So, open your demat account with any of them, depending upon your convenience. Judge them on parameters like charges, services and proximity to your location. And, above all, your convenience. In case you open demat account with a broker, check whether it is a registered broker and DP. It has to display sebi registration number.

All the best.
Prabhakar G
2007-09-04 02:05:18 UTC
Integrated Enterprises(India)Ld.with capital participation by ICICI 5A,th Floor,Kences Quarters,l,Ramkrishna Street,North Osman Road,T'Nagar,Chennai-60001(Delhi office16/11,RD Chambers,Arya Samaj Road,Karol Bagh,New Delhi-5 Telefax 5789552 is a good office. I have found their sevices quite useful.For their tariff you may have to address them directly as I m not aware of the latest position of it.

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vasumadasu
2007-09-04 01:04:05 UTC
ICICI is good. If you are working for big Organization, there are discounts for opening charges. Just check with ICICI custoemer care for the same.
2007-09-04 10:35:23 UTC
open your demat+trading account with reliance money with reliance money (demat+trading) account your brokrage charges cut's more than 90% . for more imformation or for open ac with reliance money contact me at rmoneydelhi@yahoo.co.in

we r franchisee of reliance money.

reliance money charges:

500 rs brokrage for 1 crore turnover.

50 rs per anum for demat charges.
Sameer R
2007-09-07 12:21:03 UTC
I would prefer Kotaksecurities. For further details, www.kotaksecurities.com
?
2016-05-21 04:10:41 UTC
icici is good option but try sher khan its good.
2007-09-05 07:41:06 UTC
check this link its good





http://workathomeandearnmoney.blogspot.com/





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