Stock Brokers with Zero AMC

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