Need suggestions ---I want to invest in the share market-

[susmitarjonno]

Need HELP!!! ---I want to invest in the share market-

This is my first day in this forum.Actually I have 1 lakh in my bank account ,and now I want to invest my money in share market in order to increase it.I searched on internet ,got share khan but my father said not to open account there and told to open a demat account first in our local sub brokerage company,where they charge Rs.450/- per year for that demat account and where I have to keep nothing as a security balance as they are well known to my father.

But I am writing here because I don't want to depend on my father,I want to do all by my own, so can you please advice how to start,after getting an active demat account what should I do, how will I know which share I have to buy and which I have to sell now? or how long I have to keep it to me.You can understand I am asking very basic questions.

It would be helpful if you can advice and explain me in details about this all.
Hope I wrote this in the right section of this forum

 

[rajputz]

Sharekhan is good but their brokerage is on higher side....check in your city if you have brokerage office of reputed companies there....like ventura, indiainfoline, indiabulls, geojit etc...and choose the one that suits you....its good to go with some reputed company then with some local branch. ICICIdirect is everywhere for your information but their brokerage is high. you can negotiate the brokerage with icici if you can show them high turnover of volumes.....

i particularly recommend ventura, Indiainfoline

just open their site and fill your contact information there and the customer care executives will contact you at home....

 

[bunny]

Don't go with sharekhan. Customer care is terrible. Unless you can afford to wait to 10 to 15 mins listening to "Your call is important to us, please be on the line". Brokerage is VERY HIGH.

Not worth IMO. When the service was good, I had no problems paying the higher brokerage because I mis-believed that higher-brokerage = good service. They trading platform "Trade Tiger" is good at charting but these days even that has become buggy. Some bars are randomly missing.

Now I don't find any point in paying high brokerage for a buggy software and terrible customer care. Would have got the same from a low-profile broker along with lower brokerage and service taxes.

Better go with some other broker.