These steps are my experience from India.
Requirements to Invest in Share Market
- PAN Card - Used to create a Demat and trading account.
- Demat account - used to store electronic shares
- Trading account - Used to buy and sell shares
Demat account and Trading account opening steps are explained in this article and PAN card needs to be available for the investors. If you don't have PAN, apply for that and proceed below process. Check PAN card application details here
Step 1 - Selecting Stock Broker
In India, most people are using these 3 brokers to do investment and trading(Zerodha, Upstox, 5 Paisa). All discount brokers will activate the account within 2 days(This includes verification time). You can have more than 1 Demat account but first, you need to select which broker will be suites you. Consider below points
- Demat account opening charge is free for all 3 brokers
- Trading account opening fee is 200 Rs in Zerodha and it is free in 5 Paisa and Upstox
- Annual maintenance charge is 540Rs in 5 Paisa, 300 Rs in upstox and Zerodha
- Equity delivery order(Both buy and sell) charger are 20 Rs in 5 Paisa and free in Zerodha and Upstox
- For Intraday brokerage charges flat 20 Rs in 5 Paisa and price will vary in Zerodha and Upstox based on the share price(Not more than 20 Rs).
All these brokers providing all types of chart analysis and facility to buy and sell the shares, commodities, and mutual funds. 5 Paisa alone has 3 premium plans and Zerodha and Upstox don't have any plan and common for all users.
1. If you only buy shares and keep them for the long term use Zerodha or Upstox
2. If you will do a lot of Intraday I will suggest a 5 Paisa Titanium plan which will cost you 1000 Rs per month and offers mainly Rs 10 for Intraday and free equity delivary.
3. If you want to invest in digital gold go for Upstox
Check comparison here 5 Paisa vs Zerodha and Zerodha vs Upstox
Open an account with these brokers from the below links and get the initial bonus from the brokers
Step 2 - Create Demat and trading account with stockbrokers
At first, every stockbroker will create a Demat account and trading account. You need an email ID, Mobile number, PAN card photocopies, Your photo handy to upload those on the brokers. Once the account creation process over you will know the login details. Once your account got created you can able to buy and sell any shares.
Hope this was helpful for you. If you found any issues post a comment.
Disclaimer: This is my personal thoughts and doesn't consider this as investment advice. Please do your research and consult with your financial advisor.
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