Many people are looking for a brokerage firm to open a demat account and go for long term investment.
Source: Google
I think you can invest in Mutual Funds or invest in equities including IPOs as long term investment.
For all these investments Zerodha will be the best for you.
Why Zerodha ?
Zerodha is a Bengaluru-based technically advanced discount brokerage firm who is now the fastest growing broker in Indian stock market with over 5 lakh clients across the country and abroad. Their brokerage pattern and quality of service have made them the largest discount broker in India. Their brokerage suits you the most.
Brokerage:
- For Intraday you will be charged Rs 20/- or 0.01% whichever is lower per executed order for equity, currency and commodity trades across NSE, BSE and MCX.
- All equity delivery investment are free which means you don’t have to pay any brokerage for delivery investments on NSE and BSE.
Now at this point,
- You can buy stocks on delivery mode and hold for life without paying brokerage for the invested amount.
- 2017 has been very significant in terms of investment in IPOs which has given unimaginable returns to fortunate investors who got allotment of booked shares.
If you book IPO from your net banking using Zerodha demat account and if you get allotment of shares, they will be credited to your demat on delivery mode for which you don’t have to pay any brokerage.
if you have a plan for investing in Mutual Fund, Zerodha will be suitable for you. They have introduced a platform Coin which enables you to buy MFs directly from Asset Management Companies.
a. You can choose from over 2000 MFs on direct mode.
b. Buying on direct mode you can avoid paying upfront and trailing commission which one has to pay while buying the same from a distributor.
c. You can start, modify and stop any time.
d. You can keep in your demat.
e. You can get consolidated statement of your profit and loss of all your investment under the demat.
f. You don’t have to pay any charge for your investment for upto Rs 25,000/-.
So, Zerodha is suitable for long term investment.
One can easily open demat and trading account with Zerodha online with Aadhar in just a few minutes.
Happy investing