I want to know about broker charges,demat a/c fee,minimum balance and want to buy share(price 25/share)
2007-04-17 03:32:48 · 11 answers · asked by JITENDRA CHUNGANI 2 in Business & Finance ➔ Other - Business & Finance
The amount (Rs.2000/=) is not enough even to meet basic charges/minimum balance in a related Savings Account.
2007-04-17 04:53:13 · answer #1 · answered by helpaneed 7 · 1⤊ 0⤋
Rs. 2000 may be a very small amount to invest in the stock market. You may have only limited choice of stocks to buy from the market. You have to leave out stocks that are priced Rs100/- a share or more. Investing in the stock market would require a diversification of risk by investing in a basket of 10 to 20 stocks. It is better for you to invest in equity mutual funds. However, if your intention is to learn the art of investing in the stock market and do some initial practice and it is immaterial to you if you lose Rs1000 in the process then it is a different objective. Just go to a brokerage house. They will do all the needful including helping you in opening demat account etc. But keeping minimum balance in gemay account itself will call for quite some money. The minimum the bank may ask for is Rs. 500 to Rs.1000. Demat account fee may be a few hundred rupees. The broking fees are not high. They may charge you say 20 paise per Rs 100 worth of shares that you order to buy or sell each time. But whatever you do please keep in mind not to buy shares if you do not have the entire amount in your bank account to pay for and do not sell shares unless you have the shares in full quantity in your demat account. In other words, do not give such orders that would tantamount to your taking a loan of money or loan of shares from the broker or anyone else. You may land into great legal problems later in case your judgements turn out to result in losses. Also. know that you will have to pay taxes on gains that you make by selling shares within one year of purchasing those shares. This is in addition to the transactions tax.
Stock market is not the place to gamble with small money. First build up money through buying and selling mutual funds.
2007-04-17 05:50:23 · answer #2 · answered by sensekonomikx 7 · 0⤊ 0⤋
The brokerage may cost you 1.5% of the value on both sides put together. But it is advisible not to enter into the stock market with just Rs.2000/-. The market is for big players. For small players one should look at the mutual funds only.
2007-04-17 08:27:34 · answer #3 · answered by Ramakishore B 1 · 0⤊ 0⤋
Please get into touch with one of the brokers/subbrokers near you. They will explain and do the needful at once.
Alternately you can contact icicibank, hdfc bank people. They run brokerage services (net enabled).
After opening trading account, you may place buy orders.
But before you do anything, please learn about stocks and investing. And be very very particular about the amount you might afford to invest.
Best luck
2007-04-17 18:39:41 · answer #4 · answered by Nitin G 7 · 0⤊ 0⤋
Day procuring and merchandising is volatile and the possibility of bobbing up funds at present is rather distant. The markets are falling and are noticeably risky. so which you will be picky and be careful and principally fortunate. severe beta shares like ICICI economic employer, DLF, Unitech, IFCI, RIL and so on are reliable possibilities for day procuring and merchandising.
2016-11-25 00:58:35 · answer #5 · answered by ? 4 · 0⤊ 0⤋
the market is so bad it go up and down since two months some time your Rs.2000/- will become Rs.1800/- you better Waite for some time or better purchase some use full item or buy gold.
2007-04-17 18:49:19 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Go to Unit Trust of India
2007-04-17 03:55:48 · answer #7 · answered by joy bharat s 2 · 0⤊ 0⤋
Go to Mutual fund.
2007-04-17 03:55:53 · answer #8 · answered by Anonymous · 0⤊ 0⤋
ICICIdirect.com
2007-04-17 03:38:29 · answer #9 · answered by deepak57 7 · 0⤊ 0⤋
It is not enough. earn or borrow some more then think of it.
2007-04-17 04:14:44 · answer #10 · answered by 8th wonder 2 · 0⤊ 0⤋