Yes, you can keep the equity stocks for long term.
But one thing to clarify here is that a trading account is like a wallet from where money is taken for purchase of stock and when a stock is bought, the same is held in the Demat account. Similarly, when you sell the stock, it is taken/removed from the Demat account and and the price is credited to your trading account.
The brokerage companies charge you here for providing these facilities.
So, if you wish to keep equity stocks for long-term, you have to go for Delivery trades and you will be charged as per the brokerage policy (for Delivery) of your broker.
So. you may think about such a company who charges you low brokerage for holding stocks for long time.
You may opt for Zerodha, the first discount broker in India. This technology based firm from Bengaluru may help you with their attractive low charges along with advanced trading platform, tools and quality services-
- Zero brokerage for delivery or long term holding (NSE,BSE).
- 0.01% or Rs 20/- whichever is lower per executed order for intraday trades on Equity, Commodity, Currency across NSE, BSE, MCX.
- It seems that you wish to invest for long time, then Mutual Fund may be a good option for you. Zerodha has a nice platform called Coin where you can buy MFs directly from the Asset Management Companies/fund houses, not via distributors who make you pay upfront (+- 1%) and yearly commissions (nearly 1%). You can buy MFs upto Rs 25K paying no charges and after that flat Rs 50/- per month irrespective of buying amount.
- Account opening fees: Rs 300/- for Demat & Equity and Rs 200/- for Commodity.
- AMC for Demat: 300/-
If you have Aadhar, you can click to open your account instantly.