I want to purchase shares, IPOs, mutual funds. whom should i contact for this. Can SBI or other banks be right place.
also i want to know that online trading through ICICIdirect.com is safe or should i go to brokers for safe trading.
2007-02-18 19:30:24 · 7 answers · asked by ganesh 1 in Business & Finance ➔ Investing
I found icicidirect to be very safe and reliable. Better than the one offered by HDFC and Kotak, since the former also offered mutual funds' trading.
2007-02-18 19:33:57 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The other answers are kinda interesting, most only talk about diversification. While it is true that you can get a basket of stocks and/or bonds with a single mutual fund, that's not why the adviser is interested selling mutual funds. The adviser is interested in making money, in the form of from of front-end loads, back-loads, management fees, commissions etc. THAT is why they are telling you mutual funds reduce risk - they are simply advertising their product. That's not to say I'm against mutual funds, on the contrary, if you choose the funds you invest in wisely, the fees you pay may be well worth it. The average mutual fund, however, fails to beat the broad market indices over the long term, because they always have fees eating away at their performance.
2016-05-24 06:48:40 · answer #2 · answered by Barbara 4 · 0⤊ 0⤋
well its ok to go to brokers,if you know them or even if you dont,but they are reputed.
but the best option is to for banks like icici or hdfc or kotak.i am not sure if kotak bank is there in gwalior but i am sure there would be icici and hdfc.you can go there,open demat,savings and trading account.then you can just sit on net and do selling buying os stocks on your own.
2007-02-18 19:41:28 · answer #3 · answered by tarun j 2 · 0⤊ 0⤋
icicidirect.com is 100% safe and secure. and also u can save lot of
commission. demat A/c they will charge just 0.01% as charges. and also u have great benfit in this....... 1:4. i mean u have spend 1 lakh in shares. there is feacility to choose shares for 4 lakhs.so u can earn more on this...... don't think another way....it a best way u can carye on.......
2007-02-18 20:09:51 · answer #4 · answered by DUTT CHAITU 2 · 0⤊ 0⤋
U don't have to go to other place ,I think ur city minimum has a broadband internet service, u will have to open a debate account and operate through internet and be in contact with ur broker.
For more details contact my favourate ShareKhan.com
happy investing,best of luck.
2007-02-18 19:46:38 · answer #5 · answered by AbuSaleh 3 · 0⤊ 0⤋
Open a brokerage account over the Internet at TD Ameritrade.
2007-02-19 07:34:41 · answer #6 · answered by Anonymous · 0⤊ 1⤋
icici is ok
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2007-02-18 19:43:04 · answer #7 · answered by dinu_pawar 5 · 0⤊ 0⤋