I'm looking at investing money in small quantities... the idea being to have a portfolio of about 50k to begin with for a year or two while I work at my job... I just started working a few months ago.
My plan is to "live learn" as I go.
I'm not looking to trade at all, but invest for long term, and maybe update my portfolio (execute trades) every six months or so.
But since the capital I have is small, I am looking at a discount broker, namely ZeroDHA.
I've been told to go to ICICI or Sharekhan or other platforms.
Can I have everyone's input on this? What are the DISADVANTAGES for a small investor in having a discount broker? The way I see it, I pay low brokerage (other platforms will charge high, which will mean a greater percentage on my small trades), and the AMC is Rs 300 a year.
My plan is to "live learn" as I go.
I'm not looking to trade at all, but invest for long term, and maybe update my portfolio (execute trades) every six months or so.
But since the capital I have is small, I am looking at a discount broker, namely ZeroDHA.
I've been told to go to ICICI or Sharekhan or other platforms.
Can I have everyone's input on this? What are the DISADVANTAGES for a small investor in having a discount broker? The way I see it, I pay low brokerage (other platforms will charge high, which will mean a greater percentage on my small trades), and the AMC is Rs 300 a year.