I have decided to open accounts in one of the following two companies-
Zerodha
SMC Online
I am a student and maximum investment that I could do is Rs. 2000. I would be investing only in equities in delivery medium (No intraday). Mostly for mid-term or long-term.
Following are the charges by these companies-
Zerodha-
account opening charge=500/-
AMC=400/-
brokerage=0.1% or Rs. 20 whichever is lower
demat transaction charge while selling shares=9/- per transaction
SMC-
account opening charge=599/-
AMC=nil for lifetime
brokerage=0.3%
demat transaction charge while selling shares=12/- per transaction
Which broker should I choose?