Here is some good news for Diwali. A price war is set to break out in the stock broking industry. India Infoline is all set to enter discount broking soon.They are ready for a price war too. Let us hope ICICIdirect , Karvy, Sharkhan and other biggies to follow suit. Read the News
IIFL will launch a new trading portal with the lowest brokerage rate in the industry yet.
Sir,
ReplyDeleteThanks for the information.
S.Karthikeyan
would be an Ache Din indeed. great news ST. Thanks for sharing.
ReplyDeleteBrokerage charged by most discount brokers now a days are already pretty low. I don't think reducing the brokerage by Rs 5-10 will make too much of difference to trader. What would REALLY make difference is if the government decided to do away with the STT. At the moment STT is the main culprit, not the brokerage.
ReplyDeleteSo, now the ball lies in the court of government.
Lets hope for the best!
STT to be reduced. There is another component Transaction charges. This differs from broker to broker. I wonder why
DeleteBut when competition hots up it will spill over to other areas. Think esignal quality data feed and Ninja Trader platform for free
ST
eSignal datafeed with NinjaTrader for FREE!!!!!!!
DeleteThat would be the day to dream for :)
ST Sir!! You know Hindi also...:)
ReplyDeletePleasantly surprised ....:)
We learn Hindi till 10th Standard in Kerala
DeleteBut I am not very fluent in speaking
ST
Hi ST
ReplyDeleteThanks for the info.
Despite this news the main problem remains the same. What to buy/sell, when to buy/sell. For this only self analysis will help.
No wonder why there are more Mutual fund folios in the country as against Demat accounts.
I hope this skewness changes.
TBP
...and this is what so called professional money managers are doing with public money
ReplyDeletehttp://forbesindia.com/article/boardroom/what-really-happened-at-aditya-birla-money/19472/2
ST
ST Sir,
ReplyDeleteWishing you and all blog readers a happy and prosperous Diwali. On the occasion festival of lights, I salute you for having lit the light of trading knowledge in me.
Regards,
KSG