Zerodha is very good for Intraday traders and reasonably high volume traders. Unless they also have a product tailormade for low volume folks, you will be in wrong place.
If that is your investment strategy, you will have to be very very careful with scrip selection. Buy & Hold (as your strategy is normally referred to) is not as good as it was few decades back. Even very reliable Gold is slipping off that pedestal and emerging as speculator's paradise. Hardly
Virtually any trading account will do, what you need to focus on is Depository charges. DP is where your purchased scrips get held. Although legally permissible, it is impractical (cost wise) to keep DP separate from Trading.
Charges for transferring to-and-from are very high.
Look for Broker who will give you DP at zero cost or bare minimal. Negotiate on that. Best low frill setup I have seen in India is that of Sharekhan although brokerage for Intraday does get expensive
If that is your investment strategy, you will have to be very very careful with scrip selection. Buy & Hold (as your strategy is normally referred to) is not as good as it was few decades back. Even very reliable Gold is slipping off that pedestal and emerging as speculator's paradise. Hardly
Virtually any trading account will do, what you need to focus on is Depository charges. DP is where your purchased scrips get held. Although legally permissible, it is impractical (cost wise) to keep DP separate from Trading.
Charges for transferring to-and-from are very high.
Look for Broker who will give you DP at zero cost or bare minimal. Negotiate on that. Best low frill setup I have seen in India is that of Sharekhan although brokerage for Intraday does get expensive
Im not looking for great profits for first 2 yrs.. Im looking for somewhere around 20% and intra day wont be possible as ill be very busy at work for the next 1 yr.. Maybe i might hold for something like 9 months..
Oh, i dont know much about DP charges... I learnt from zerodhra that DP charges would be 9rs on the sell side per company per trade and rs.400 as AMC. What other charges would be there usually. I also considered Sharekhan, but felt their brokerages were quite high for the long run. In Zerodha, the max brokerage would be only rs.20..
Pls let me know whicjh i can choose sharekhan/zerodha