Tuesday, October 21, 2014

Ache Din Aane Wale Hain

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.

at

10 comments:

  1. nifty for breadOctober 21, 2014 at 8:06 PM

    Sir,

    Thanks for the information.

    S.Karthikeyan

    ReplyDelete
  2. TrekkieOctober 21, 2014 at 11:01 PM

    would be an Ache Din indeed. great news ST. Thanks for sharing.

    ReplyDelete
  3. SuMaOctober 22, 2014 at 12:20 AM

    Brokerage 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.
    So, now the ball lies in the court of government.
    Lets hope for the best!

    ReplyDelete
    Replies
    1. SMART TraderOctober 22, 2014 at 9:26 AM

      STT to be reduced. There is another component Transaction charges. This differs from broker to broker. I wonder why
      But when competition hots up it will spill over to other areas. Think esignal quality data feed and Ninja Trader platform for free

      ST

      Delete
    2. SuMaOctober 22, 2014 at 9:40 AM

      eSignal datafeed with NinjaTrader for FREE!!!!!!!

      That would be the day to dream for :)

      Delete
  4. SuMaOctober 22, 2014 at 9:04 AM

    ST Sir!! You know Hindi also...:)
    Pleasantly surprised ....:)

    ReplyDelete
    Replies
    1. SMART TraderOctober 22, 2014 at 9:48 AM

      We learn Hindi till 10th Standard in Kerala
      But I am not very fluent in speaking

      ST

      Delete
  5. UnknownOctober 22, 2014 at 9:22 AM

    Hi ST
    Thanks 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

    ReplyDelete
  6. SMART TraderOctober 22, 2014 at 10:03 AM

    ...and this is what so called professional money managers are doing with public money
    http://forbesindia.com/article/boardroom/what-really-happened-at-aditya-birla-money/19472/2

    ST

    ReplyDelete
  7. UnknownOctober 22, 2014 at 11:24 AM

    ST Sir,

    Wishing 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

    ReplyDelete

Note: Only a member of this blog may post a comment.