Ninja technique for a no annual maintenance charge requiring Demat cum Trading account (SEBI guidelines)(edit: free Zerodha trick)

Many of you covet to have an account with reputed brokers, yet you back off after seeing the annual maintenance charges.
Sebi has made this scheme for yaa. You read it right. And the link is here.
https://www.sebi.gov.in/media/press-releases/au...

Gist of the topic in the link is
1. BSDA Basic Services Demat Account is a kind of account aims at small investors. You must have only one demat account. If you possess two or more then you aren’t eligible. But if that demat account is in your family members’ name n you open your own then you are eligible.
2. If your net amount of your stock portfolio ( say you have 10 sbi shares, 2 eicher shares, like that. Add the total value) in a financial year is less than 50000 then no annual maintenance charges will be charged from you.
3. If your portfolio value is from 50001 to 200000 then you ll be charged within 100. Maybe GST ll be added on top of that. I am not sure. Ask the broker.
4. Who are the eligible participants? All the depository participants have to obey it. 🙂
I ll not say which broker you should have. There are a few tip I would like to give.
1. If you are a newbie forget about intraday, Futures n Options, commodity n currency( futures n options). You won’t be successful. But in special events such as election you gonna make crazy money. But that’s it. Beyond it don’t even think about it. In the last election, I remember I withdrew my position at 10:45. After 11 both side came down. It was expiry week for banknifty n Nifty. Man it was scary. Those who joined the return of Modi band wagon celebration returned with 0 money that day. Modi got majority seats n both put n call side of bank Nifty n Nifty reduced to 0. Experienced traders sold on both side. They looted common traders. So think wisely. Those who bought some call option of bank Nifty on that day for the next week made crazy money too, I mean the next day. That’s how these things work. Nobody gonna tell you these things. Mark my words. Stay away until you are ready.
2. Tips don’t work that well. I can remember Motilal Oswal securities’ Ramdeoji saying loss in Tata Motors is nominal. Some people gave crazy targets. When it was trading at 200+ people were like you won’t get these levels anytime soon. You know what’s the truth. 🤪
3. A lot of people keep on talking about brokerage charges. They ll hurt you if you are taking a huge quantity. If you are still testing the water, pay the premium. It’s worth it.( I use Zerodha. I won’t prescribe it to a new commer)
4. Make NSE n BSE your best friend. Read those reports. Big players disclose about their trades. So, you ll get an idea about where is the trend at.
5. Don’t get disheartened with loss. It’s a part of the game. Say I am poor I can bear with 5₹ losss n you are rich n you can bear with 50₹ loss. Then be prepared to take that loss.
6. If I post a deal about a dell laptop with core i3 7th gen, costing only 30000, would you take it? Most of you gonna kill me in comments section. And you should because the deal is a bad one. In the same manner ask yourself about the price at which the stock is available. Don’t try to buy a stock when it has made a fresh high. HUL made fresh high yesterday. Shall I buy it now? I should have bought it 3-4 months ago. But not now. A Common issue about shares is, when a stock is making highs after highs people think, this ll not gonna come down. But they do. Similarly when a stock is good but down nevertheless, people think no it’s shit. But it goes up 10-20% in next few months. It becomes a hot pick. For ex when Avenue Supermart came down to 1100 level few months back people were like oh no. They exited their position, some ignored. Those who took it at those levels are seating at 900₹ profit per share. I am not one of those people. I also ignored it. But these things are the lessons you need.
7. One good universal thing Zerodha has done is by making Varsity free of cost. https://zerodha.com/va...y/ you ll get everything about how stock, fno, bourses work. Educate yourself there. It’s a solid learning platform.
8. Look around you. Look at your Pulsar motorcycle’s rear suspension gas canister. You can see a name Endurance. Google em. https://www.moneycontrol.com/stocks/marketinfo/... this is an exhaustive list of stocks traded in our bourses in each segment. Try to invest with market leaders only. That’s your stock tip. I started like that only.
That’s all I wanted to say. Stay positive. Nobody makes money with a negative attitude. 🙂
Edit
If you want to open free Zerodha acc, I don’t recommend anything but since I use it I can share a bit of info. Just open your acc online. Complete the profile but don’t pay anything. Goto a local branch of you have any. Give the necessary docs. They ll open an account for yaa. And while opening don’t opt for FNO n Commodity n Currency. In a week you have your acc ready. They ll say that they ll deduct the acc opening money from your account. In my case they did not take any money, neither from my friends who opened account using this technique. If you are interested in fno n Commodity, you should enable them though to exploit certain market conditions, then latter give em an application that’s it. They ll say they gonna deduct 200-300 money for commodity section but they neither charged from me nor from my friends. In my opinion Zerodha is a sniper rifle which comes with less guides n relies upon your expertise. You ll be a bit uncomfortable at first. So, if you are genuinely interested in Zerodha then follow the trick. And may be the trick won’t work for you, if it happens then please have my sincere apology.