https://www.desidime.com/comments/permalink/8162296
Stock Brokers with Zero AMC
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SEBI guidelines for BSDA (Basic Service Demat Account) is as given below
- AMC= ₹0 if stock holding < ₹50k,
- AMC= ₹100 if ₹50k<stock holding<₹2lakh
- AMC= As per stock broker's rules if stock holding > 2lakh
- Source: https://www.sebi.gov.in/media/press-releases/au...
- The customer has to have only one DEMAT account across all the depositories. Ex: I have Zerodha and Sharekhan. I am not eligible for BSDA.
How to avail it?
Contact your broker for the same.
That's general awareness, which is known to everyone. Today we will talk about brokers who have basically 0 AMC charges.
1) Kotak Securities
"....customers who have holdings of less than ₹10,000 have to pay zero AMC charges going forward. In addition, clients of Kotak Securities can now also make changes in their Demat Account at a zero cost."
Source: https://www.kotaksecurities.com/media-coverage/...
If stock holding > 10k then make sure that you have a BSDA. Otherwise AMC is ₹600 + 18% GST.
Acount opening charges: ₹0
Brokerage: 0.25% (Trade free plan)/ 0.39% (Dealer Assisted Plan)
DP Charges: 0.04% of the value of securities (min ₹20)
Refer: https://www.kotaksecurities.com/landing-page/de... and https://www.kotaksecurities.com/kotak-trade-fre...
2) Fyer's
For a limited period of time Fyer's is giving 0 AMC accounts. Best part is delivery charge is 0. Refer https://fye...n/
Account Opening Charges: ₹0
DP Charges ₹12.5 + 18% GST
Auto Square Off Charges: ₹50+ 18% GST
Payment Gateway Charges ₹0 (https://fyers.in/support/article/are-there-any-...)
3) Dhan
New kid on the block is making waves. ₹0 account opening fee, ₹0 AMC charges, ₹0 delivery charges. It sounds nice. It is actually nice. I can vouch for it. 🙂 Source: https://dhan.co/p...ng
DP Charges ₹12.5 + 18% GST
Payment Gateway Charges: ₹10(Net Banking)/ ₹0 (UPI)
Auto Square Off Charges: ₹20 + 18% GST
4) Prostocks
₹0 AMC if one pays ₹1000 (refundable) deposit. ₹0 brokerages delivery charges. ₹0 account opening charges.
DP Charges: ₹20+ GST
Call and Trade: ₹10(Intraday), ₹20 (Delivery)
5) Ventura
₹0 AMC if one pays ₹3000 (refundable) deposit. Source: https://www.ventura1.com/Static/Scheme_C_DP_Tar...
Please consult https://beta.ventura1.com/products#eq...es for more details
6) Motilal Oswal
As per them if one maintains ₹25000 margin for 9 days in their DEMAT after account opening then AMC will be lifetime free. 2nd condition is to avail a value pack worth ₹3000 or more within 9 days of account opening to avail LTF AMC. Source: https://www.motilaloswal.com/campaign/Registrat...
7) Finvasia Everything costs ₹0. 🐒 Refer https://finvasi...m/ for more info. https://finvasia.com/p...ng gives a list of charges
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Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
Top Comments
https://www.desidime.com/comments/permalink/8165039
Can you guys please suggest the best broker for NRIs?
Need to open one asap….
View 2
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https://www.desidime.com/comments/permalink/8162331
Opened a dhan account after our last conversation on it. Decent ui, however finding it difficult to navigate a bit and also the money withdrawal took 4 days
https://www.desidime.com/comments/permalink/8163728
Their new shoonya mobile app sucks.
View 2
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https://www.desidime.com/comments/permalink/8162375
When you are serious about long term investment with plans of a sizeable corpus it is not a good idea to bother about 300-400 AMC charges (it will be really negligible with a decent size portfolio). There would be many things which would be easy with big discount brokers like upstox, zerodha (ease of operations, customer support, withdrawals wat not). My personal opinion only feel free to ignore.
View 11
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https://www.desidime.com/comments/permalink/8162468
22g what are charges for holdings upto 2 lacs for non bsda accounts in zerodha? how to activate the same in zerodha?
https://www.desidime.com/comments/permalink/8162551
non BSDA -> 300+ gst. Zerodha does everything automatically.
View 15
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https://www.desidime.com/comments/permalink/8162728
@bikidas2060 bada complex hai ye 22g
Itna to profit hi nahi hua jitna zerodha wale amc aur pata ni kya kya loss wale stocks m kaat liya
https://www.desidime.com/comments/permalink/8163881
AMC is not free. But it provides BSDA. 🙂🙂🙂
View 2
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https://www.desidime.com/comments/permalink/8164019
Hdfc bank 0 Amc if you hold preferred , just need to buy 1 stock for any amt per year
And lodu zerodha leaks your no , everyday spam calls for stock tips and investment
https://www.desidime.com/comments/permalink/8164041
True. Once account opens they cold call the user about tips service 🐒🐒🐒
View 6
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https://www.desidime.com/comments/permalink/8165302
I don’t know why groww is not included in this list the AMC charges are Nil and currently account opening charges as zero
https://www.desidime.com/comments/permalink/8165318
charts are not that good. They have designed their model around discount broker concept yet charge brokerage for delivery. That’s why I have omitted them.
https://www.desidime.com/comments/permalink/8165372
What about groww?
They are showing 0 amc
https://www.desidime.com/comments/permalink/8165447
they charge for delivery. 🙂🙂🙂 Charts are not good.
https://www.desidime.com/comments/permalink/8165543
Thanks for your awareness posts
around 20 days ago; @bikidas2060 bhai suggested opening finvasia Demat for my cousin. Received two back-to-back allotments with 50%+ GMP in the same account. seems bikibhai’s blessings came free with demat.
In the beginning, Its UI and account opening method gave me hard time. but we can reach to it’s a telephonic customer care person within 45 seconds. which is the fastest among all my 4 demats.
https://www.desidime.com/comments/permalink/8165544
saab apke kismat n mehnat 🙂🙂🙂🙏🙏🙏
https://www.desidime.com/comments/permalink/8165829
0.1% brokerage on delivery
https://www.desidime.com/comments/permalink/8165882
0 AMC, 0 Brokerage for delivery brokers ive found so far
Alice Blue (one time fee approx 500)
Prostocks (one time refundable deposit of 1000)
Tradeplusonline (one time fee approx 500)
Tradingo (they provided 0 AMC a year back, but need to ask their support before opening account)
https://www.desidime.com/comments/permalink/8166797
I’ve a sharekhan account for past 17 years… their AMC charges are approx 1000 including hidden charges… additionally they charge like fixed charges on penny stocks for example for a 20 ps stock you end up paying almost 10 ps as trading charges.
I requested to close my account 12 years back but since I was outstation I could never visit branch to get the formalities done. Couple of days back I received a mail saying there’s an outstanding of approx 6k against my account… BTW I never traded using sharekhan in last 12 years and had a balance of approx 2k when I left using it. Should I just ignore it or pay the outstanding and request for closure again.
https://www.desidime.com/comments/permalink/8166843
just ignore the outstanding balance n forget about it. 🙂🙂🙂 Open another suitable account as per your requirements.
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https://www.desidime.com/comments/permalink/8166962
from next financial year only. 🙂🙂🙂
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https://www.desidime.com/comments/permalink/8167629
Paytm money is also good
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https://www.desidime.com/comments/permalink/8169920
best for intra ??
i am having charges of 50k this yr in intra , main charges are STT .. no ways to avoid it .. i guess
https://www.desidime.com/comments/permalink/8176245
only finvasia. No no. Kotak has it. Kotak trade free plan
https://www.desidime.com/comments/permalink/8179816
where are list of charges of bsda comparatively to normal amc mentioned?
https://www.desidime.com/comments/permalink/8179971
you have to Google about em. Those charges are mentioned in respective broker’s websites.
https://www.desidime.com/comments/permalink/8187687
@amdoinggood123 bhai. Yesterday I transferred 100 rupees from my Dhan account to my bank, it was settled by yesterday only. They are quickly fixing things.
https://www.desidime.com/comments/permalink/8187688
guys tradeplus is also giving 0 AMC accounts. 🙂🙂🙂
https://www.desidime.com/comments/permalink/8187729
Go for finvasia zero brokerage on everything, I have been using it for about more than 2 years for now for both options and delivery trades and moreover they have updated there app on playstore and is absolutely nice and easy of use just like zerodha with more features..
https://www.desidime.com/comments/permalink/8190197
yes, tested it today, working well. though message mentioned check in 48 hours 
@bikidas2060 – Dhan Broker
https://www.desidime.com/comments/permalink/8195233
Never open demat & trading account with Motilal oswal. No. 1 frauds. No transparency, worst web & app interface, pathetic & rude customer care, most of the times app & website down. 1.35 lakhs negative balance shown in my trading account in the against Loan against securities. I had lodged complaint with NSE, SCORES & RBI. Motilal oswal refused to give justification for negative balance stating the reason that Loan agaist securities doesn’t come under purview of NSE, RBI & SCORES.
https://www.desidime.com/comments/permalink/8204135
no no. For a trader there are other important factors such as execution speed, downtime, reliability etc. Finvasia is good for a newbie. In my opinion Zerodha is best for a newbie. And a small charge should be given for those services.
https://www.desidime.com/comments/permalink/8204210
From my personal experience, I faced downtime twice. Otherwise there were no issues at all. Since my no. of trades are much every day. So I save brokerage a lot. I have other accounts like sharekhan, upstox, 5 paisa, fyer, alice blue also. But finally I use finvasia for daily trading to save brokerage.
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I've been a finvasia user for about a year. It suits my needs ( I don't follow daily stocks, just buy during dip or when a sector I follow has policy changes)
When you are serious about long term investment with plans of a sizeable corpus it is not a good idea to bother about 300-400 AMC charges (it will be really negligible with a decent size portfolio). There would be many things which would be easy with big discount brokers like upstox, zerodha (ease of operations, customer support, withdrawals wat not). My personal opinion only feel free to ignore.