I would like to open a demat and trading account. I have collected information from HDFC Bank Ltd and India Infoline, but I am confused about their brokerage charges. I haven’t yet been able to find out brokerage and tax charges. Which are the other firms where I can open such an account? Which do you think is the best? Also, tell me about brokerage and tax charges.
From the tax point of view, all brokerages are the same as they levy the same taxes as stipulated by the laws. However, the brokerages are dependent on your bargaining power with these brokerages.
Primarily, all brokerage houses are similar. However, you should see the facilities and benefits that come along with the services and consider those facts. Indiabulls and India Infoline are the more popular ones. Among others paisabuilder by IDBI is also a good option to consider.
Answers are based on a technical analysis of the markets and individual stocks. The views expressed on this page are not the newspaper’s opinion and are provided for information purposes by Vipul Verma. Readers are requested to do their own research before participating in the stock markets. Neither the paper nor the information provider will be responsible for any outcome based on information provided here.