60% of investors will beneit from New no-frills demat account

With an aim to encourage an investment culture in the country, Sebi announced no-frills, or basic trading accounts, for retail individual investors with no charges applicable for holdings up to Rs 50,000.

Investors can hold securities worth up to Rs 2 lakh in these accounts and are called Basic Services Demat Account (BSDA). The charges would be capped at a maximum of Rs 100 a year for funds exceeding Rs 50,000.

Indian stock brokers, you are getting it wrong

As a stockbroker, do you think your customers are happy with the service you give them? Do you think you deserve the 50 basis point cut they give you for every trade?  Do you think you really care for them to make money from markets?