So you want to buy from A, keep it with B, sell it through C, get the payment from D, to keep the money back into A.... damn, wont you forget, where is what?
BTW whats ur expreience been with recent IPO's... Had a chance to make money, or have you become a long term investor now?
It's not about permutating and combinting abcd, it's about saving some money. I had 3 a/cs in my name, 2 in mother's name. For all I was paying amc, 99 pm on rkglobal, 400 on sbi, 400 on zerodha, 100 a quarter on kotak and 400 on hdfc security. That sums upto 2800. Now I have made my kotak offline since it has mutual funds holdings and I've already called zerodha n times and wrote here a dozen times to start mfss fast so I give up that kotak a/c, hdfcsec and sbicaps are for ipos and as zerodha was opened when sbi deducted amc, will run sbicaps and hdfcsec for a year and already closed rkglobal in last month.
Now when someone is paying 3000 just for amc, don't you think he/she will look for saving some penny? If it's a crime, hang me but there are brokers like shriram, iilf and indiabulls who are charging 1 time fee and no amc. But there brokerage is high (atleast for what I'm planning to open another account, having sip of shares out of profits).
My question is thus pretty simple and not difficult as you assumed there's some permutation and combination. Shriram insight is charging 0.15% on buying with no amc at 290 1 time fee, kotak, my offline a/c is charging 0.2%, india infoline is charging 555 and 0.3%. Hence if I link zerodha's ilfs dp and use shriram or kotak for buying and already 400 amc is payable to zerodha who charges 0.1% on selling, I'll not only save amc but also 0.05-1% brokerage.
Yes, I made handsome gains in IPOs but I don't bid for pan bidi types company. Last IPO I invested was MOIL or powergrid, can't recall and still holding half of my power grid and sold all MOIL on llisting day.
