Thread: D - Mat Account

Folks Looking at the present scenario I want to enter the stock market first of all guide me Is this the right time or shud i want for some more time till it touches 11k and one more thing i want you guys to help me in choosing the Dmat A/c..which is one best at services...and easy to understand as I am a novice in this game

if i knew that i would have been a billionaire

i think ICICI direct is good, many of my friends use it
I am not into shares

ICICI direct is the largest and reputed online trading demat service provider. But in terms of brokerage it is not economical. For an investor it is best.
Iam using the demat and trading services of Sharekhan and satisfied with their service.
.

Originally Posted by sujithsukrutham

ICICI direct is the largest and reputed online trading demat service provider. But in terms of brokerage it is not economical. For an investor it is best.
Iam using the demat and trading services of Sharekhan and satisfied with their service.
.

Could you please tell me abt their charges?

Plz visit their website sharekhan.com . Brokerage and all fully negotiable. (I think presently no account opening fee)
Following are mandatory for demat account
(1) Address proof
(2) PAN Card
(3) Bank account

Thanks Dude

U have taken a right decision coz it is the right time to start invesing in quality stks systematically. Normally people rush to open demat account when the market is in booming and loose the whole money on crash. Always be a long term investor, share market will bring u better returns. Best wishes.

Thanks again sujith i will keep this in mind

If you are actually really new to stock market i would suggest you to go for mutual funds or SIPs first and see how it goes. But for opening a demat account or online trading account you can go for reliance money as it is the cheapest right now.

Originally Posted by sujithsukrutham

U have taken a right decision coz it is the right time to start invesing in quality stks systematically. Normally people rush to open demat account when the market is in booming and loose the whole money on crash. Always be a long term investor, share market will bring u better returns. Best wishes.

wat sujith says is true. from what i can tell u is that if a stock was at 50 [highest price]

and its lowest ever was 20 [lowest price it touched] and if today its trading at 27 and if u notice its falling to 23 or so and then again picks up after 2 weeks or 3 weeks to 27... these are stocks u might want to consider. for 1 and half months keeping.

this is what i do. and i dont think i fair badly making 2k per month if u hit the right note at the right time.

CAUTION: IF U FOLLOW MY ADVICE AND LOSE UR MONEY, DONT BLAME ME!!

Originally Posted by xwhyz

If you are actually really new to stock market i would suggest you to go for mutual funds or SIPs first and see how it goes. But for opening a demat account or online trading account you can go for reliance money as it is the cheapest right now.

I have tried Reliance but they are not best at their services

@sujith

your turn to reply next

If you wish to operate thru SIP's then you do not need a Demat account.

Originally Posted by just4kix

If you wish to operate thru SIP's then you do not need a Demat account.

could you pls elaborate it further, and thats too in a layman language you know i am a novice in this game

Originally Posted by manish_lalit

could you pls elaborate it further, and thats too in a layman language you know i am a novice in this game

If you invest in Mutual Funds via Systematic Investment Plans (SIPs) then there is no need to open a Demat account.

However many SIPs charge a 0.25% fee at entry or exit. This can be avoided but then you have the hassle to fill up the forms, take copies of pan card, address proof, visiting the fund office, etc.

Originally Posted by manish_lalit

I have tried Reliance but they are not best at their services

@sujith

your turn to reply next

As per the feedback from my friends, Reliance is not that much good . Their ad campaign and canvasing customers was excellent, but failed to provide good service. There are lot many problems with their online trading portal. The brokerage is looking good but some other charges also there (For placing order telephonically I think they are charging Rs 14/- per order)
Before taking account, investigate the performance of the local branch / franchisee (go for branches if available).

ICICI Direct website is also very busy during peak times. Response is slow. But when it comes to website security, I can vouch for ICICI.

What abt "India Bulls"??? I have heard they are also cheap and best

whats your opinion?

If you are a long term investor then go for ICICI direct.. I wouldnt worry about brokerages if you were investing for long term.
The brokerage factor only kicks in if you are planning on buying and selling very frequently like doing 10-15 trades a week or more and in that case I suggest going with Motilal Oswal or Sher Khan or India bulls as ICICI direct charges a bit more.


Yes this is a good time to start picking up your stocks but dont push all your money at once just keep buying at every major dipand keep stock piling the stocks you may have choosen.

At this time stick to large cap stocks and you shall yield high returns in years to come.
After todays plung the markets look pretty weak and I still think that th market has not found its bottom and there is more mahyem to follow so keep your cash ready and start investing now.