Yes, it is possible to hold shares for long time without paying brokerage.
There are number of discount brokers who offer you the facility under various plans.
In this respect you can open av account with Zerodha which is the first and largest discount broker of India. Their brokerage model, quality of service and innovative products have earned them 5 lakh plus clients already.
Brokerage: Very low-0.01% or Rs 20/- whichever is lower per executed order for Intraday trades and No brokerage for Delivery (T+2 days and more). That means they will not charge any brokerage when securities are bought on Delivery mode.
Other products and services:
- Trading Platforms: After opening account a client can easily download Kite from Play Store and start trading on web/android/iOS. Advanced order placing system is there to minimise your loss and maximise your gains. For heavy traders there is Pi for Desktop.
- They have Coin for investing in Mutual Fund on direct mode and indirect mode. A client can choose MF from over 2000 direct MFs and invest without paying upfront and trailing commissions. Since the MFs will be kept under Demat account, one can easily start, edit and stop MFs, get Profit & Loss statement on one click.
- Knowledge Platforms: Discount brokers generally donot provide trading tips, that’s why Zerodha have introduced Varsity with simplified knowledge in basics, technical analysis, fundamental analysis, taxation ad other aspects of stock market. Besides, they have TradingQnA, Z-connect, Pulse for all that a client may seek for.
- Tools: For offering a transparent service, they have Brokerage Calculator, Margin Calculator for client convenience.
- Fund transfer may be done easily through IMPS/NEFT/RTGS.
- One can easily open account at Zerodha online with Aadhar having registered mobile number by clicking here:
So Zerodha is the best if you are looking for holding shares for long time without brokerage.