Query: Any active discount/low-cost broker with 3-in-1 account service?

[Rishabh]

Hello Folks,

This post is not about best broker in the market but related to one which provide best 3-in-1 services (Savings + Trading + Demat) today and with lowest cost.
And also about brokers which provide easy money transfer option like - Dhan & Angel One provides seamless integration with ICICI Bank.

Full Time Brokers: ICICI, Kotak & HDFC are same reputed one providing 3-in-1 but have high AMC/Brokerage
Discount Broker:
- Dhan provides e-mandate based integration with ICICI, no OTP to fund the account
- Angel provides quick checkout integration with ICICI for OTP based fund transfer

Earlier Upstox & Zerodha had offered 3-in-1 facility with IndusInd bank & also Zerodha offered 3-in-1 with IDFC bank but I think all this tie-ups has been ended.

Anyone aware of any such broker/bank providing 3-in-1 services with lowest cost for Brokerage and like Zero AMC?

I am trying to find one but not finding any option. So far enjoying Dhan integrated with ICICI but also looking for 2nd option to open.

 

[NABNAB is verified member.]

If your holding/trading are significant, then try negotiating ICICI Direct AMC LTF. Pick their highest Prime Plan, one time purchase, valid for life. Very Low brokerage, plan value equal brokerage credit to use.

 

[sourpai]

Dhan + ICICI is the best combo as of now...

But what is ur objective? Is it options+future trading or stock trading? If options+future is priority then Kotak Neo+Kotak account combo is good due to low brokerage.

 

[Rishabh]

Dhan + ICICI is the best combo as of now...

But what is ur objective? Is it options+future trading or stock trading? If options+future is priority then Kotak Neo+Kotak account combo is good due to low brokerage.

No F&O, only Equity Delivery trades.

 

[hender]

K

Hello Folks,

This post is not about best broker in the market but related to one which provide best 3-in-1 services (Savings + Trading + Demat) today and with lowest cost.
And also about brokers which provide easy money transfer option like - Dhan & Angel One provides seamless integration with ICICI Bank.

Full Time Brokers: ICICI, Kotak & HDFC are same reputed one providing 3-in-1 but have high AMC/Brokerage
Discount Broker:
- Dhan provides e-mandate based integration with ICICI, no OTP to fund the account
- Angel provides quick checkout integration with ICICI for OTP based fund transfer

Earlier Upstox & Zerodha had offered 3-in-1 facility with IndusInd bank & also Zerodha offered 3-in-1 with IDFC bank but I think all this tie-ups has been ended.

Anyone aware of any such broker/bank providing 3-in-1 services with lowest cost for Brokerage and like Zero AMC?

I am trying to find one but not finding any option. So far enjoying Dhan integrated with ICICI but also looking for 2nd option to open.

Kotak, ICICI, HDFC
My friend kept and enjoying icici 3in 1 from past so many years.
Another one with Kotak and HDFC.
Don't know they have fresh new offer aka 0MAB 3in1.

 

[hender]

SBI too have 3 in 1, but for all 4 , you have to check latest T&C carefully.

 

[Rishabh]

This all banks have AMC charges applicable or higher brokerage charges on their Demat accounts.

 

[hender]

This all banks have AMC charges applicable or higher brokerage charges on their Demat accounts.

That's the catch, If trade style is short term, than matters. If really long term, than have different strategies to negotiate.

 

[Rishabh]

That's the catch, If trade style is short term, than matters. If really long term, than have different strategies to negotiate.

Agree, but for people with big portfolios and who invest only in Equity delivery, the brokerage charges pinch a lot.
If consider minimum .20 paisa brokerage after some discounts by this banks, on a 10l portfolio buy-sell you will still be shelling out 4000 just as brokerage with Taxes & DP Charges separate.

 

[hender]

Agree, but for people with big portfolios and who invest only in Equity delivery, the brokerage charges pinch a lot.
If consider minimum .20 paisa brokerage after some discounts by this banks, on a 10l portfolio buy-sell you will still be shelling out 4000 just as brokerage with Taxes & DP Charges separate.

Zerodha- is a Profit making company, zero brokerage on delivery based in out trade , DP is 15, ITR compatible reporting.
Zero account opening. AMC 300+ GST

For my short term trades, it suits me.

 

[Rishabh]

Zerodha- is a Profit making company, zero brokerage on delivery based in out trade , DP is 15, ITR compatible reporting.
Zero account opening. AMC 300+ GST

For my short term trades, it suits me.

Yes but it doesn't have 3-in-1 product any more.

 

[hender]

Yes but it doesn't have 3-in-1 product any more.

Agreed, but Bank- Broker have upper hand since starting.
What are the benefits you are looking for 3in1 with low cost model.

 

[Rishabh]

Agreed, but Bank- Broker have upper hand since starting.
What are the benefits you are looking for 3in1 with low cost model.

No fund transfer process, like ICICI doesnt require funds to be transferred to demat for trade.
It automatically debits from savings account whenever any trade happens.

 

[hender]

No fund transfer process, like ICICI doesnt require funds to be transferred to demat for trade.
It automatically debits from savings account whenever any trade happens.

Done. Wait ASBA type mechanism is coming for secondary maket as well.