Beginners guide to share market in india

Beginners guide to share market in india

By: LouUnlimited Date: 02.06.2017

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To comment you should have account on DISQUS. To create account on DISQUS just click on Start the discussion and you will be able to see rest option. You can also contact by sending mail or on Facebook. How to transfer money from trading account to bank account. All you need is 3 type of account and amount to buy share. So for what are you waiting for start investing and start earning. As a beginner it is extremely important to understand that to invest in share market in India you need 3 type of account.

Process of investing that I am going to discuss is completely online. You don't need to go outside your home for start investing in share market. You don't need to take any one help or there is no need of any broker.

All you need to do is read all articles of this website one by one to understand the process. Usually we keep money in our bank but if you want to buy share you need a platform through which you can buy share that is a website or you can say online trading account. Whenever you are buying share you are buying through stock exchange from a seller.

In India two popular stock exchange are NSE and BSE. Stock exchange is just a place where buyer and seller meet.

beginners guide to share market in india

You need a brokerage firm which is register with Stock exchange NSE and BSE. So brokerage firm is like a medium through which you buy and sell share online. Brokerage firm provide you platform or in simple words an account on website where you can login and buy and sell share online. No matter whether you take advice on stocks or not. This fee is known as Brokerage charges and vary from brokerage firm to firm. You keep your share in demat account that you buy online.

Demat account and trading account detail you can see in single website through which you buy share. So it means you can buy share from this Rupee. First of all you have to decide which brokerage firm you want to prefer to buy and sell share online. Most common brokerage firm are.. Now how will you decide which brokerage firm is best?

An Introduction To The Indian Stock Market

There are few parameter based on that you have to decide which brokerage firm suits for you. This is an important parameter for deciding brokerage firm. Brokerage fee vary from firm to firm. There are different charges for Intraday and delivery, future, option. There is account opening and annual maintenance charge for demat account and trading account. So you need to compare fee with different brokers. When you open account you need to look for a website. Whether accessing website is easy or not?

Whether you can see all information on that website or not like share details, Captial gain report which is required while filing tax return. If you are facing any problem while accessing website whom will you contact?

Select a brokerage firm which provide better customer service. Whether brokerage firm is registered with SEBI or not. If it is very new firm it may have problem related to its website. Based on all these parameter I found Sharekhan as perfect and I have account on Sharekhan. You can open demat account and trading account with a single phone call with Sharekhan. A person will ask your address and will reach to your address.

Get ready with Rupee cheque. Representative will come to your home with KYC Form. All you need to do is sign on forms. After days a kit will reach to your address that you have provided while filling a form. This kit will contain USER ID, PROFILE PASSWORD and TRADING PASSWORD. Once you will get access to all these account you can start buying share online. You will have rupee in your trading account. So you can buy share of worth rupee with this money. You need to provide photo copy of first page of your pass book when you give your documents.

Bank account will be attached with your trading account. With this easily you can transfer money from bank account to online trading and Vice Versa.

Get more details regarding opening demat and trading account here. How to open online trading account. For example you have heard of ICICIDirect. ICICDirect is part of ICICI bank and ICICIDirect provide 3 in 1 account which means when you will go to select this scheme ICICI will open 3 account for you. Bank account, Demat account and trading account. You don't need to run at different different place to open different account. Opening bank account from SBI, Demat account with other bank and trading account with Sharekhan, it's a tedious task and will take time too.

So if you will select 3 in 1 all account will be open at one time. When I thought of start investing at that time I was already having SBI bank saving account. So there was need to open trading account and demat account. So instead of choosing 3 in 1 account I preferred opening demat account and trading account with Sharekhan. Also based on reviews I found using Sharekhan website is easy compare to ICICIDirect and brokerage fee is less compare to Sharekhan.

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I am assuming you have saving bank account in any Indian bank and you are going to open both trading and demat aaccount with Sharekhan. This money will reflect in your trading account and you can buy share of worth rupee.

So you need total rupee to start buying shares. From next year you need to pay Rupee per year as demat account maintaineance fee, which is free for first year.

There is no annual maintenance fee for trading account. Will update article soon.. Reproduction of any articles or content in whole or in part in any form or medium without permission of indianincome.

If any website found of doing this will be liable to be get banned from Search engine like Google, Yahoo. All matters will be discussed in Indian Supreme court. Process of Investing in share market Process of investing that I am going to discuss is completely online.

How to start process? Advantage of 3 in 1 account? Why I didn't prefer 3 in 1 account?

beginners guide to share market in india

In this case 1 rupee cheque. What is brokerage fee and how to pay it?

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