It's a well know fact that Indian stock have been doing well and many good investors are multiplying their money. Now Indian equity investors can trade in shares for value upto Rs.5 lakh in one year without paying any brokerage fees by opening a demat account in Reliance Money(owned by Reliance Capital).
The account may prove to be economical for regular investors who trade quite frequently but small and non-frequent investors, it is still advisable to adopt the traditional brokerage structure as they get to pay brokerage only when they trade rather than paying a flat fees even when they have not traded.
This offer from Reliance money may create a price war in the industry as other industry players charge on a percentage basis. (via Indian Inc).
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Labels: brokerage, sharemarket, Stock |