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A secret RBI team is fighting a parallel war against Covid-19

According to a Business Standard report, the team, of about 150 people and from critical RBI wings like debt, reserve management, is part of the central bank’s business continuity plan to ensure Covid causes minimum disruption to the financial system.

The team, the report added, has been on it since March 19. This, according to another Mint report, is first such measure undertaken by the Central bank that will ensure that key information technology (IT) services for the delivery of digital banking.

The team, the report added, has been on it since March 19. This, according to another Mint report, is first such measure undertaken by the Central bank that will ensure that key information technology (IT) services for the delivery of digital banking, treasury services and cheque clearance are not disrupted by the outbreak, and also ensure the smooth running of RBI functions from secured data centres as nearly 14,000 staffers, except senior-most management, reportedly work from home

The BS report claims the team has been split into two. While one runs the checks, the other is on standby.

The central bank has hired a hotel in the vicinity of the primary data centre to accommodate the team, the Business Standard reported. Support staff of the hotel, comprising maintenance, security, kitchen, front desk, and administration, have also been isolated.

India’s central bank on Friday walked the talk on doing whatever it takes to contain the economic impact of Covid-19 by injecting more liquidity just days after Governor Shaktikanta Das cemented Mint Road’s credentials as a responsive regulator, assuring the man on the street about the safety of his savings at Yes Bank.

“On a review of the current liquidity and financial conditions, the RBI has decided to conduct purchase of government securities under OMOs for an aggregate amount of Rs 30,000 crore in two tranches,” the central bank said.

Later, RBI conducted a dollar-swap auction for $2 billion where it injected dollar liquidity. Similar operations will be conducted next Monday.

The RBI has taken a different approach from other central banks, including the Federal Reserve and the Bank of England, which slashed interest rates. The RBI on the other hand has been pushing liquidity to ensure that the interbank market doesn’t freeze and that banks are in a comfortable position.

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How to find the Best Stock Brokers in India 2020

If you are looking to start investing your hard earned rupees into the stock market, you are going to need to get a broking account.

Finding the right broker is not an easy task. You need to make a list of the things that you are expecting from your broker in-order to be able to find the best stock broker in India for you easily.

Many people think that all brokers are the same, and that there is no difference between two brokers. That is a misconception.

When you are looking to get into the stock market, and start trading, and make profits, not losses on your investments, you need to have a good broker who knows their stuff well.

In this article, we will talk about the different types of brokers present in the market, and how to judge them based on certain criteria.

Best Stock Broker in India 2020

There are hundreds of stock brokers operating in India. But without doubt, below are the top 10 stock brokers of India.

There are basically two types of stock market brokers namely,

  • Full Service Stock Brokers
  • Discount Stock Brokers

Full Service Brokers

stock broker service

Full service brokers offer services matching their name sake. They offer end to end solutions for your stock broking needs. They help you open a demat account, give you optimised research and information regarding purchase of shares and investments, as well as help you out with tax planning and retirement planning services.

Among these type of brokers, bank subsidiaries are mostly common with the salaried crowd, as they open up three in one accounts at the start of their employment with a partner company, consisting of a salary savings account, a demat account and a trading account.

In terms of active clients and returns, the best stock broker in India is Zerodha which has the largest number of active clients as on March 2020, and have a great research team which delivers great insights which help clients get more returns on their investments.

They offer the best demat account in India which can be easily managed by users by logging into a dedicated website with a dashboard feature to track investments. With the tight integration between the 3 in 1 accounts, money earned from trading is immediately available in the savings account and can be withdrawn easily.

The big players in this market are ICICI Securities, HDFC Securities, and Kotak Securities.

Whereas other full service brokers offer all of the other facilities that the bank subsidiaries provide, they do not offer a savings account. These include brokerage firms like Angel Securities, Sharekhan , Anandrathi and so forth.You can get more info here.

Discount Brokers

Discount brokers offer no-frills accounts, with just the bare basics required for you to trade. This option is not preferable if you are a newbie to stocks, because you will miss out on the valuable insight and analysis that full service brokerage firms offer with their packages.

Your money is as safe with discount brokers as it is with full service brokers, but you will be mostly on your own when it comes to investing and growing your money, which is great if you are an experienced pro and don’t need people watching your back. The discount players are companies like Zerodha, Smart Trade Online and so forth.

Stock Brokers with Lowest Brokerage Charges

As you might have understood by now, discount brokers offer cheapest brokerage charges in India. So if someone trades very frequently, these type of brokers are good for them.

Let us have look at some of the reputed discount stock brokers of India.

#1. Zerodha

Zerodha is the biggest stock broker of India as on date. They started their operation in year 2010 as start up.

But now they have left behind the likes of ICICI Direct and Sharekhan who were well established, to become most valuable stock brokerage firm of India.

zerodha-logo

Zerodha is the first discount broker of India. They started charging brokerage of flat Rs20/trade when popular brokers charged higher brokerage charges.

For all the investment, the brokerage is Zero. For all other segments like intraday, Futures and Options, Currency and Commodities, a commission of Rs20/trade is levied irrespective of total traded values.

Their trading platforms which is called KITE is also considered as one of the best trading platform and best mobile app for traders.

With zero brokerage for delivery and brand value, Zerodha indeed is the best stock broker in India.

#2. Upstox

Upstox is second most popular discount broker. It was previously known as RKSV securities.

The brokerage structure is almost same as that of Zerodha. No brokerage for delivery trades and Rs 20/trade for all other segments.

upstox-logo

#3. 5Paisa

5Paisa is discount brokerage arm of India Infoline (IIFL) which is one of the well established and reputed full service broker of India.

5Paisa charge Rs10/executed which is less compared to Zerodha and Upstox. However, delivery brokerage is not free.

5paisa-logo

#4. TradeSmartOnline

TradeSmartOnline is discount brokerage branch of VNS Capital which is in stock brokerage industry for more than 3 decades and highly rated stock broker of India.

TradeSmartOnline has two different plans, Flat fee plan and %age plan.

In flat fee plan, they charge fixed commission of Rs 15/trade. In value plan, they charge 0.007% for intraday and 0.07% for delivery.

tso-logo

#5. Tradejini

Tradejini is Bengaluru based discount broker well known for their superior customer service.

Brokerage is Rs20/trade for all segments. They provide NEST trading platform to their customers.

They also offer first 30 days of brokerage free trading across all segments.

tradejini-logo

#6. ICICI Direct

ICICI Direct was largest stock broker of India before over taken by Zerodha. It is one of the top rated brokerage companies of India.

They are the pioneer in introducing online trading in India around year 2000.

Backed by prominent private sector bank of India, ICICI bank, ICICI Direct command good amount of trust

But the brokerage charges of them is on higher side and they are not recommended for day traders.

ICICI Direct charges 0.55% for delivery and 0.05% for intraday trading.

ICICIDirect-logo

#7. HDFC Securities

HDFC securities is subsidiary of HDFC bank which is one of the India’s top most bank.

They offer 3-in-1 demat account. That means, all the three accounts, namely, Savings, Trading and Demat account are integrated into a single account.

These type of account offer many advantages. Main being the seamless movement of funds between savings and trading account.

These type of brokers are good for traders who want all their accounts integrated.

HDFC-securities-logo

#8. Sharekhan

Sharekhan is a premium full service stock broker of India. They do not provide 3-in-1 demat account as they are not backed by any banks.

But they have more number of customers in full service broker category who do not provide 3-in-1 demat account.

They have wide network of branches and sub broker franchises all over India and abroad. They also conduct training and workshops.

All these factors make Sharekhan as one of the best broker for beginners in India.

#9. Axis Direct

Axis Bank is the parent company of Axis Direct. They also offer 3-in-1 demat account.

One can open the account by visiting any of the Axis Bank branches.

They offer service in Equities, Derivatives and Currencies. Recently they also started offering flat fee brokerage structure like discount brokers

AxisDirect-logo

#10. Kotak Securities

Kotak Securities is one of the most famous stock broker of India. They are backed by Kotak Mahindra Bank.

They have customer base of more than 12 Lakhs. Kotak Securities has branches and franchise outlets at more than 360 location.

They have two types of plans 1) Dynamic Plan – brokerage slab changes as per the total traded volume. (Higher the traded value, lower is the brokerage slab) 2) Advance Brokerage Plan – Pay prepaid brokerage to avail lower brokerage slab

kotak-securities-logo

Best Stock Brokers of India : Conclusion

Without doubt, there is no single Share broker who suit for all types of traders and investor.

For a trader whose main aim is to save on brokerage and indirectly increase the profit, discount stock brokers are best fit.

For someone who need little more than trading experience like portfolio management, relationship manager at the expense higher brokerage charges- full service brokerage firms are ideal.

Top 10 stock brokers of India who are very popular among the traders and investor community are being given in the list.

The best broker ranking provided is not in exact order. Please investigate further and contact the brokers before opening account.

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Zerodha Review

Zerodha – Brokerage Charges, Trading Platforms, Pros and Cons

Zerodha has recently become the largest stock broker of India overtaking ICICI Direct. They are the first broker to introduce discount broking concept in India.

They have charge Zero brokerage for equity delivery and direct mutual fund investment. For all other segments like equity intraday, Futures and Options, Currency and Commodities, the brokerage is flat Rs20/trade in NSE, BSE and MCX stock exchanges.

In this Zerodha review, let us have more information about offerings from Zerodha, their account opening charges, trading platforms. We will also see what are the advantages and disadvantages of Zerodha broker.

Background of Zerodha

Zerodha was started as start up in year 2010 by Mr. Nithin Kamath in Bengaluru.

There are mainly two types of stock brokers operating in India, Full service and discount brokers.

Full service brokers charge higher brokerage charges but also provide wide range of service along with advisory (market tips).

Discount brokers does not provide or publish any research report. They dont have any advisory team itself. They have less branches. Because of this they are able to reduce the brokerage charges.

Without doubt, Zerodha has become best discount stock broker in India with more than 1.5million+ customer base. Their share in total traded volume across stock exchanges is more than 10%.

They also awarded with some of the prestigious awards like

  • National Stock Exchange (NSE) “Retail brokerage of the year 2019” (& 2018)
  • Outlook Money “Retail broker of the year 2017”
  • Ernst & Young “Entrepreneur of the year (Startup) 2017”

Zerodha Account Opening and AMC Charges:

Zerodha, like all other brokers has separate account opening charges for Equity and Commodity segments. Here are the account opening charges of Zerodha,

  • Equity Trading and Demat account : Rs 200
  • Commodity Account : Rs 100
  • Demat Account Maintenance Charges (AMC) : Rs 300 per year

Zerodha Review : Brokerage Charges

As mentioned previously, all the investment based transactions are absolutely free.

Here are the Zerodha brokerage charges,

As you you can see, the maximum fee pay is capped at Rs20.

It is not the case with full service brokers who charge brokerage based on certain percentage (usually 0.03% to 0.1% for delivery) of total traded value.

So for example, if you trade Rs10 lakh worth of shares intraday, with 0.05% brokerage, brokerage for buy is Rs500 and again Rs500 for sell side.

But with Zerodha, total brokerage for buy and sell is Rs40. In this way, traders can save lot on brokerage by switching to discount brokers like Zerodha.

Zerodha Trading Platforms

When they started Zerodha, they offered third party trading platforms like NEST and NSE Mobile to their customers.

Later on they invested developing their own trading platform which are built completely in house. These platforms enhanced reputation of Zerodha as technological power house.

Because the tools are developed inhouse, they could add many useful features which were not present in third party tools. Hence, the competitors of Zerodha who still use these tools lagged behind.

KITE

KITE is a modern technology-based trading platform with streaming market data, advanced charts, an elegant UI, and more. It is a minimalistic, intuitive, responsive, light, yet powerful web and mobile trading application.

The bandwidth consumption of KITE is less than 0.5 Kbps for a full market watch. It also offers extensive charting with over 100 indicators and 6 chart types, advanced order types like Brackets and cover, millisecond order placements, and more

KITE Mobile

One can trade on the go with Kite mobile.The flagship trading platform Kite Web as an Android app is clean & intuitive UI, super fast and super light back-end for all investment and trading needs.

Pros and Cons of Zerodha

As with any other brokers Zerodha also has some advantages and disadvantages.

Cons of Zerodha demat account

  • No research reports and recomendations
  • Call and Trade is chargable at Rs20
  • 3-in-1 demat account is feasible but one need to have/open savings account with IDFC First Bank

Pros of Zerodha demat account

  • Zero brokerage charge on all investments including mutual funds
  • No advance brokerage requirement or turnover commitment
  • Both new comers and High Net Worth Individuals (HNIs) are treated identically with same brokerage plan for everyone
  • Easy to understand brokerage plan with Rs 20 across all segment except delivery
  • Z-Connect blog to reach out to management
  • Huge brand value as technology innovator.

Other Zerodha Products

  1. Zerodha Varsity : As Zerodha does not conduct any workshop like other full service brokers, they made up this gap by designing a online education platform. It contains many modules on technical analysis, fundamental analysis, risk management and trading psychology in simple to understand language. It is free for everyone including non customers.
  2. Trading Q&A : It is a online forum for people to ask questions and get answers from others and also from Zerodha team.

Other Third Party Products

They also offer some third party products which are called partner products and integrated with Zerodha account.

  1. Sensibull : Basically a Options trading platform which provides powerful trading tools. Sensibull aims to make options trading safe, accessible, and most importantly, profitable for all
  2. Smallcase : smallcases are modern investment products that help you build a low-cost, long-term & diversified portfolio easily. Created by professionals, each smallcase is a ready-made basket of stocks/ETFs that reflects a theme, strategy or objective

Final thoughts on Zerodha Review

Zerodha has grown leaps and bounds in very short amount of time. Indian customer accepted their services even there were minor hiccups.

From start up to to a reputed and well established company was not possible without good service and products.

And more over traders can save ton on brokerage because of the reduced brokerage. So you can consider Zerodha if you are looking for broker with good ratings.

We hope this Zerodha review helped in understand more about Zerodha and make up you mind to open or not open account with them. Please let us know your queries through comments if you need further information.

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Best Demat Account in India 2020

A demat account is a pre-requisite if you want to start trading in the stock markets and are planning to hold and buy shares. If you are looking to get a new demat account, you must make a smart choice and choose the best demat account in India offered by brokerage houses, or you might end up paying a high fee and charge to use these accounts. Remember, that different charges are applicable for using and maintaining a demat account in India.

What do you need from your demat account? Well, if you are a beginner and don’t know a whole lot about stock markets, trading and all, but are looking to get in on the good returns that the market has been offering over the past ten years, you will probably be better off taking a demat account from a full service brokerage company over a discount broker.

You will need:

  • Education on the basics of the stock market and trading tips
  • Less charges
  • Help when you need it, and intraday assistance
  • Good trading platforms with ease of use

Major Traditional Demat Account in India

A full service brokerage firm like ICICI securities offers a good three in one account to get you started with trading, including a savings account, demat account and a trading account. Other firms linked to banks like HDFC and Kotak also offer some variation of an all in one account. The main advantage with these types of demat accounts is that they reduce the fuss of money transfer between your trading account and your bank account. Although the brokerage tends to be on the higher side with such firms, the ease of use and the support/educational assistance is great for a beginner wetting their feet in stock market trading.

Major Discount Demat Account in India

Best demat account provider india

If you are a pro, and want to do it your way, search for a discount broker instead. Discount brokers offer you a no frills demat account, and that’s it. They don’t bundle a savings account or the personalised support that you get from a full service brokerage company. As the name suggests, you get their service at a much cheaper cost – But you are mostly on your own. The top discount brokers of India offering great no-frill demat accounts are Zerodha  , Tradesmart online, SAS Online and so on.

The main benefit of using a discount broker for your demat account is that you pay a fixed price on your trades, irrespective of the size – which saves a lot of money for you.

Now to open your demat account, you would need the following documents:

PAN (Permanent Account Number) Card (Mandatory)

Identification Proof

Address Proof

Passport Size Photograph

At the end of the day, remember that there is no such concept as the best stock broker or best demat account in India – it is only the “best demat account that suits your needs or the best stock broker that suits your requirement.” Many stock broking houses offer a variety of products and options that might not be what you are looking for. Read the fine print before taking a decision. It will help you in the long run.

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Stock Market Holidays 2019 in India for NSE, BSE & MCX

nse holidys indian stock market 2019

 

Below are the list of stock market trading holidays of 2019 for NSE, BSE

Holidays Date Day
Mahashivratri March 04,2019 Monday
Holi March 21,2019 Thursday
Mahavir Jayanti April 17,2019 Wednesday
Good Friday April 19,2019 Friday
Maharashtra Day May 01,2019 Wednesday
Id-Ul-Fitr (Ramzan Id) June 05,2019 Wednesday
Bakri Id August 12,2019 Monday
Independence Day August 15,2019 Thursday
Ganesh Chaturthi September 02,2019 Monday
Muharram September 10,2019 Tuesday
Mahatma Gandhi Jayanti October 02,2019 Wednesday
Dussehra October 08,2019 Tuesday
Diwali Balipratipada October 28,2019 Monday
Gurunanak Jayanti November 12,2019 Tuesday
Christmas December 25,2019 Wednesday

Following Holidays are Falling on Saturday / Sunday

Holidays Date Day
Republic Day January 26,2019 Saturday
Ram Navami April 13,2019 Saturday
Dr.Baba Saheb Ambedkar Jayanti April 14,2019 Sunday
Diwali * Laxmi Pujan October 27,2019 Sunday

Muhurat Trading will be hung on Sunday, October 27,2019 (Diwali – Laxmi Pujan). Timings of Muhurat Trading will be informed accordingly.

 

Holidays for MCX Exchange : Commodity Trading

Holidays Date Day Morning
session
Evening
session
New Year Day 1-Jan-19 Tuesday Open Closed
Mahashivratri 4-Mar-19 Monday Closed Open
Holi (2nd day) 21-Mar-19 Thursday Closed Open
Mahavir Jayanti 17-Apr-19 Wednesday Closed Open
Good Friday 19-Apr-19 Friday Closed Closed
Maharashtra Day 1-May-19 Wednesday Closed Open
Ramzan ID (Id-UI- Fitr) 5-Jun-19 Wednesday Closed Open
Bakri ID (Id-UI- Zua) 12-Aug-19 Monday Closed Open
Independence Day 15-Aug-19 Thursday Closed Closed
Ganesh Chaturthi 2-Sep-19 Monday Closed Open
Moharram 10-Sep-19 Tuesday Closed Open
Gandhi Jayanti 2-Oct-19 Wednesday Closed Closed
Dassera 8-Oct-19 Tuesday Closed Open
Diwali – Balipratipada 28-Oct-19 Monday Closed Open
Guru Nanak Jayanti 12-Nov-19 Tuesday Closed Open
Christmas 25-Dec-19 Wednesday Closed Closed

 

Following occasions fall on Saturdays/Sundays:

Holidays Date Days of Week
Republic Day 26-Jan-19 Saturday
Ram Navmi 13-Apr-19 Saturday
Ambedkar Jayanti 14-Apr-19 Sunday
Diwali – Laxmi Pujan** 27-Oct-19 Sunday

 

Brief Info regarding Bombay Stock Exchange:

Situated in Mumbai, India, Bombay Stock Exchange (BSE) is the most seasoned stock market in India and is the third greatest stock trade in the entire world.

Conceptualized in the year 1875, the stock trade picked up notoriety for quicker exchange handling. The normal exchange pace of BSE is 6 microseconds. In July 2017, the market capitalisation (showcase top) of BSE was assessed to be $2 trillion.

It is a perfect stage for producing assets for Indian ventures. Additionally, BSE offers an entire stage to exchange values, money sets, obligation/debentures, and so on.

And if you are interested to know more about investing, you need to get open demat account and read here about it.

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