For that first I want to open demat account. Please help me to find right operator for demat account with low annual fees and brokege charges. No need of any advice. Also I will not actively buy and sell. I just want to buy stocks of some company and hold for some years as investment plan. Already invested in Mutual Funds. Just want to try Stock as one of my investment.
Mani-If your concern is brokerage cost then check with the brokers like Zerodha. Otherwise, you can go with Sharekhan, ICICI Direct, Reliance or India Infoline (You can bargain with them for low brokerage). However, if you are not a frequent trader then opt for front line broker like your bank which may offer you all at one place (Savings Account, Trading Account and Demat Account).
I’m having account in both HDFC and ICICI. Which one shall I use in order to open demat account?
Better you go with HDFC. I feel ICICI is bit costlier.
Yes ICICI is more expensive on brokerage, but the brokerage is inclusive of Demat charges on buy/sell. HDFC charges this separately. Eventually both charge the same
Also, you can bargain with them regarding brokerage rate. They definitely give you some competitive price.