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View Poll Results: Stocks as a percentage of my net assets are -
0 - 25% -- I'm like the most conservative Indians. I love FDs. 220 31.88%
26 - 50% -- I have a few stocks. 307 44.49%
51 - 75% -- I'm an active trader. 113 16.38%
76 - 100% -- Hey, I'm an i-banker!!! 50 7.25%
Voters: 690. You may not vote on this poll

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Old 9th March 2011, 20:26   #1846
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Default Re: Do you play the stock market

Quote:
Originally Posted by JMaruru View Post

I opted for I-Secure plan as it is efficient if the transactions are less than 50 Lakhs/Year. I did not even know about these plans.
I-Secure if 0.55% per buy/sell. You have the right plan.
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Old 9th March 2011, 20:40   #1847
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Default Re: Do you play the stock market

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Originally Posted by carboy View Post
I-Secure if 0.55% per buy/sell. You have the right plan.
With the various brokerage houses available for the consumers to choose the brokerage you can ask for is

a. for intraday trades - .01 for intraday
b. for delivery trades - .15
c. for options - 20 rupees per lot ( you pay only for one side eg only for buying if you square up the same day and for both sides if you carry forward)

As per the above ICICI direct rates seem just too much!
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Old 9th March 2011, 21:19   #1848
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Default Re: Do you play the stock market

Quote:
Originally Posted by rajinibm View Post
With the various brokerage houses available for the consumers to choose the brokerage you can ask for is

a. for intraday trades - .01 for intraday
b. for delivery trades - .15
c. for options - 20 rupees per lot ( you pay only for one side eg only for buying if you square up the same day and for both sides if you carry forward)

As per the above ICICI direct rates seem just too much!

I buy a stock & usually sell it after years. My short term sales are usually 6-8 months. Whether I pay 0.50% or 0.25% doesn't make a significant difference to me. ICICIDirect has been very reliable with no issues in 4 years - I am not going to change to save a couple of bucks here & there.
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Old 9th March 2011, 22:16   #1849
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Default Re: Do you play the stock market

Quote:
Originally Posted by ghodlur View Post
However their AMC is around 400/-
Account maintenance charges are for maintaining the demat account; the rates are fixed by the depositories / SEBI (cannot recall who).

Quote:
Originally Posted by JMaruru View Post
Does sharekhan brokerage include taxes as it is with ICICIDirect?
Brokerages never include taxes; if at all they do, please ask for rates excluding taxes. Taxes can vary from time to time. And as already pointed out, you canoot do anything about taxes.

Quote:
Originally Posted by SDP View Post
On the brokerage front, for cash based delivery transactions, something like 0.25% is a good brokerage, 0.50% is somewhat average and 1% is daylight robbery
+1 To that.

Further, some brokerages levy a "minimum brokerage". For example, my broker levies a minimum brokerage of Rs. 20 per scrip per day. Means, I need to do a business of minimum Rs. 6K per scrip on a given day; means 3K buy and 3 K sell is quite ok. Or a 6 K delivery / BTST transaction too will do.

Some brokers levy a 3 digit minimum brokerage per month, and I think this is independent of the scrip.

Rule of thumb - when looking at brokerage fees below .5%, look out for "minimum brokerage" fees.

Quote:
Originally Posted by carboy View Post
I buy a stock & usually sell it after years. My short term sales are usually 6-8 months. Whether I pay 0.50% or 0.25% doesn't make a significant difference to me. ICICIDirect has been very reliable with no issues in 4 years - I am not going to change to save a couple of bucks here & there.
Quite true. Reliability, experience, and personal relationship counts. But somebody I know changed from ICICIdirect to ShareKhan. She ran up a broekrage bill of 35K in a year on a portfolio of less than 40Lakh; and says that the same transactions, if were done through Share Khan would have resultedin a brokerage fee in mere 4 digits.

My account is however with neither - I trade with GBNPP.
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Old 14th March 2011, 19:46   #1850
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Default Re: Do you play the stock market

Quote:
Originally Posted by carboy View Post
I-Secure if 0.55% per buy/sell. You have the right plan.
yeah! but the plan change will happen only at end of quarter. My dad had icicidirect account. i came to know about this chori by ICICI only after checking the reports accidentally. Default plan they set is .75%. why they assume that every one does transaction of over crore from their account! like Jmaroor said, it comes close to 1% if done through .75% plan. AFAIK, ICICI charges .75% throughout quarter and only at the end of quarter they pay back extra brokerage. pathetic!

when i applied to change to iSecure it took 3 months! also in between some one from Bombay used to call and say "sir we are calling from ICICI. we offer you portfolio management services. We see some underperformed stock in your portfolio. why dont you buy reliance instead"

also there was another call asking if i am happy with icici "i told your brokerage plans are pathetic, i am switching to sharekhan"


OT: my dad has some shares in icicidirect demat. He wants to transfer them to my sharekhan account. i checked with sharekhan and they said that it has to be done at icici bank. any one has done similar thing? what are the charges?

i was just thinking if it is wise to sell shares at ICICI and transfer that money to sharekhan and buy same share again in sharekhan if transfer charges are high.
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Old 14th March 2011, 20:17   #1851
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Default Re: Do you play the stock market

shenoymaam, ICICIdirect ought to have given your dad a book titled "delivery instruction slip" or DIS. When I was given the DIS by my broker, I was told to take good care of it; since it has the value of a cheque. Dunno if it is true. If you have not got it, get it from the broker. For each company's shares in your dad's a/c, issue one DIS each (you need to check up on this probably, multiple shares could be listed in the DIS.).

Since this is an off market transaction, you will need to show reason why the transaction is done off market in the DIS itself. (simple, one or two word description will do.

The transferee (you) a/c details - number of the ShareKnan DP, and your a/c no. with sharekhan have to be very accurate.

The rates for physical form DIS ought to there in the broker's rates given to you. So, please check the rate at their web site. It would be between 15 to 60 or so per share, IIRC. (From my own research on broker charges 3 to 12 months back).

There may be gift tax / capital gains tax labilities involved - check if the value is high. Also, check what is the tax treatment of the shares when you sell them.
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Old 14th March 2011, 20:47   #1852
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Quote:
Originally Posted by BaCkSeAtDrIVeR View Post
shenoymaam, ICICIdirect ought to have given your dad a book titled "delivery instruction slip" or DIS. When I was given the DIS by my broker, I was told to take good care of it; since it has the value of a cheque. Dunno if it is true. If you have not got it, get it from the broker. For each company's shares in your dad's a/c, issue one DIS each (you need to check up on this probably, multiple shares could be listed in the DIS.).

Since this is an off market transaction, you will need to show reason why the transaction is done off market in the DIS itself. (simple, one or two word description will do.

The transferee (you) a/c details - number of the ShareKnan DP, and your a/c no. with sharekhan have to be very accurate.

The rates for physical form DIS ought to there in the broker's rates given to you. So, please check the rate at their web site. It would be between 15 to 60 or so per share, IIRC. (From my own research on broker charges 3 to 12 months back).

There may be gift tax / capital gains tax labilities involved - check if the value is high. Also, check what is the tax treatment of the shares when you sell them.

thanks sir for very well explained post those shares (to be specific one company share) are lying in my dads account for long term.so no capital gain tax. yeah need to check about gift tax. heard that its not applicable because its within the family. Any one, any idea about gift tax on father giving shares to son
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Old 14th March 2011, 21:21   #1853
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Default Re: Do you play the stock market

Don't sell them if you intend to buy them again since you can get them transferred to your sharekhan a/c for much less than what you would pay as brokerage.

Your demat A/c would be linked to your ICICI bank account.You can access your bank A/c online & put an e-instruction for off-market transaction mentioning your demat a/c details of sharekhan.

As BSD mentioned ,you need to mention the reason for transfer which is "Gift" in this case since there is no consideration involved.

Here is the link for charges that would be applicable in this case ICICI Bank.com: | Personal Banking | Demat | Service charges

@ BSD,

There would not be any gift tax in this case (father gifting son).Also, if the shares have been held for at least 12 months then there is no long term capital gains tax on them.
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Old 16th March 2011, 16:29   #1854
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Default Re: Do you play the stock market

I have recently found some old scrips

'Khaitan Agro Industries LTD.'
and
'Mohta Finance and Leasing Co. Ltd'

For the first,Nothing comes up on BSE or Google. Any updates?

For the second, the company seems to be running and one of the websites show as listed on Delhi exchange.

Last edited by devarshi84 : 16th March 2011 at 16:30.
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Old 16th March 2011, 18:26   #1855
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Talk to your bank, that would be handled as part of De-materialization of these scrips. They would figure out if first company has been merged with some other traded company.
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Old 16th March 2011, 20:43   #1856
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I did talk to our brokers


Khaitan Agro Industries doesnt come up at all

and


Mohta was delisted but the company is still running.

Last edited by devarshi84 : 16th March 2011 at 20:44.
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Old 16th March 2011, 21:08   #1857
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Khaitan Agro industries has been merged with Khaitan chemical & fertilizers ltd. (BSE scrip code 507794)
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Old 16th March 2011, 23:58   #1858
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Upon research I've found both entities to be different. But I am yet to find even one line of info on Khaitan Agro Industries. Their Regitrars Ankit Consultancy sent me the following message.

Dear Sir,

In this regard we have to inform you that we are not register and share transfer agents on above mantioned company. So please contact this company.

Thanks

Ms Chouhan

Ankit Consultancy Pvt. Ltd.
Registrar & Share Transfer Agent.
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Old 17th March 2011, 09:04   #1859
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Does share certificate have address of registrar for that company?
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Old 17th March 2011, 09:50   #1860
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Originally Posted by devarshi84 View Post

Upon research I've found both entities to be different.
Read the last line in the first para KHAITAN CHEMICALS & FERTILIZERS LIMITED

You can write to the company's email id given here BSE Plus
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