Want to open DMAT account wid investment horizons of 3-5 yrs. wont be a frequent trader.sugest servce provider

I will purchase some blue chip shares and keep them for the next 5 years and will not be a frequent trader. will only invest in some select stocks with a long term horizon. Which service provider will be the best for my requirements.

Hi,

For someone who wishes to follow a strategy like you (i.e. buy blue chips and hold; not too frequent trading etc.) the best option would be to go for an integrated demat account, trading account and bank account one of the leading banks. You can choose any from amongst HDFC Bank, ICICI Bank and Axis (UTI) Bank. (if you have an existing account with any of them, then your work is made much more easier).

The benefits are
1) Integrated - so money movement is easier
2) Reputed and well regulated entities (at least more than some of our brokerage players)
3) Easy one point access to do your trades/check the status of your demat account (monitor your shares held) and also move money to buy shares (from your bank account) and transfer money from your share sales (to your bank account)

The disadvantages are
1) Marginally higher brokerage (is not a problem since your trading turnover will be less)
2) The trading interface is simple (good for someone like you, bad for a heavy trader)

So net net you would be well off with someone like this.

Hope I have resolved your problem!

try sharekhan

relience money is the best

better to have ur demat account with ur bank.

sharekhan, angel , motilal.. these are best

Hi.

There are lot of service providers like ICICI, HDFC, angel, motilal, india infoline etc etc.. The advantages have already been reflected in one of the answers. Brokerages r negligible for long term investor.

More than a service provider, i hope you know and have someone who shares ur views, who understands your Long term investment horizon and guides you if required from time to time.

Markets keep varying but long term investors always have an upper edge than other investors, but there are at times good company which can be bought and added to the portfolio thus, creating a lasting value.

you can get in touch at creatingvalues@gmail.com and / or
creating values@yahoo.co.in.

Happy Investing..

for opening a dmat account the first preference should the bank where u have a saving account ( if they have d mat facilities ) Other wise the second best option, in my opinion, in HDFC Bank or ICICI bank.

ICICIdirect is best if you trade less.

I am newbie to the investments. I have recently opened a DMAT account with motilal oswal.
So far it is good. I found some technical problems wih online portal. It supports only Microssoft IE and Microsoft JVM. I am a linux user. if you try to open it in firefox, it crashes your browser. Otherwise Staff is good and was very informative. They responded to very quickly for every query.

Will post more about it.
Thanks