Most of the investors are concerned with the brokerages and it’s normal because one must take care of the matter that the brokerage may not take away all the profits or aggravate a loss. And account opening charge is a one time charge but low AMC is more important.
For all these one has to look for suitable discounts brokers because no full service broker or banks can offer good facilities at such a low price.
There are some brokers who don't take account opening charges, some don't take AMC.
Since the query is related to short-term investment that is mainly Delivery oriented ones, Zerodha may be suitable because
- Their brokerage for Delivery is Nil.
- For Intraday trades they charge 0.01% or Rs 20/- whichever is lower per executed order for equity, commodity, currency.
- Flat Rs 20/- for F&O trades per order
They have very low account opening fees: Rs 300/- for Demat & Equity and Rs 200/- for Commodity.
AMC: Rs 300/-
So, one can easily open account with Zerodha, the largest discount broker and fastest growing broker in India.