How to choose the right broker agency for yourself ? #3
There was a time in India almost 5 years ago when there were only a few broker agencies present in India, But right after the onset of Cheap Internet and Data Packages, we saw the rise of many Broker Agencies competing with one another by reducing their charges and giving discounts and many attractive offers. now the Question is how to choose your broker, the answer depends upon your requirements if you are a defensive Investor and you are Investing with a mindset of Investing for the next 5-20 years of time, you can rather open any sort of Well established trustworthy Demat Account, and you should not really be worried about the Brokerage charges ,Rather you should choose an agency which has multiple Business(e.g.: HDFC,Axis) But if you want to open an account with the mindset of trading and you do not wish to keep your money invested with more than a year in any stock, you should choose to open an account with the broker agency which provides with least amount of Brokerage charges...