Monday, March 17, 2008

Sharekhan


Sharekhan is online stock trading company of SSKI Group, provider of India-based investment banking and corporate finance service. ShareKhan is one of the largest stock broking houses in the country. S.S. Kantilal Ishwarlal Securities Limited (SSKI) has been among India’s leading broking houses for more than a century.
Sharekhan's equity related services include trade execution on BSE, NSE, Derivatives, commodities, depository services, online trading and investment advice. Trading is available in BSE and NSE. Along with Sharekhan.com website, ShareKhan has around 510 offices (share shops) in 170 cities around the country.
Share khan has one of the best state of art web portal providing fundamental and statistical information across equity, mutual funds and IPOs. You can surf across 5,500 companies for in-depth information, details about more than 1,500 mutual fund schemes and IPO data. You can also access other market related details such as board meetings, result announcements, FII transactions, buying/selling by mutual funds and much more.
Trade In: BSE and NSE
Types of Accounts:

1.Classic Account Trading Terminal

ShareKhan Classic accountAllow investor to buy and sell stocks online along with the following features like multiple watch lists, Integrated Banking, demat and digital contracts, Real-time portfolio tracking with price alerts and Instant credit & transfer.
Online trading account for investing in Equities and Derivatives
Free trading through Phone (Dial-n-Trade)
Two dedicated numbers for placing your orders with your cellphone or landline.
Automtic funds tranfer with phone banking (for Citibank and HDFC bank customers)
Simple and Secure Interactive Voice Response based system for authentication
get the trusted, professional advice of our telebrokers
After hours order placement facility between 8.00 am and 9.30 am
Integration of: Online trading + Bank + Demat account
Instant cash transfer facility against purchase & sale of shares
IPO investments
Instant order and trade confirmations by e-mail
Single screen interface for cash and derivatives
SpeedTrade Treading Terminal

2.ShareKhan SpeedTrade account
This accounts for active traders who trade frequently during the day's trading session. Following are few popular features of SpeedTrade account.
Single screen interface for cash and derivatives
Real-time streaming quotes with Instant order Execution & Confirmation
Hot keys similar to a traditional broker terminal
Alerts and reminders
Back-up facility to place trades on Direct Phone lines
Brokerage:

Some stock trading companies charge direct percentage while others charge a fixed amount per Rs 100. Sharekhan charges 0.5% for inter day shares and 0.1% for intra day or you could say Sharekhan charges 50 paise per Rs 100.
How to open account with SharekhanFor online trading with Sharekhan, investor has to open an account. Following are the ways to open an account with Sharekhan:
Call them at phone number provided below and ask that you want to open an account with them.
Call on Toll free number: 1-800-22-7500 to speak to a Customer Service executive
If you are in Mumbai call on 022-66621111
Visit one of their branches. Sharekhan has a huge network all over India. You can send them an Email on info@sharekhan.com to know about their products and services.
If you wish to chat with customer service representative, you can join the chat sesssion.
Advantages of Sharekhan:

Online trading is very user friendly and one doesn't need any software to access.
They provides good quality of services like daily SMS alerts, mail alerts, stock recommendations etc.
Sharekhan has ability to transfer funds from most banks. Unlike ICICI Direct, HDFC Sec, etc., so investor not really needs to open an account with a particular bank as it can establish link with most modern banks.
Disadvantages of Sharekhan:

They charge minimum brokerage of 10 paisa per stock would not let you trade stocks below 20 rs. (If you trade, you will loose majority of your money in brokerage).
Lots of hidden rules and charges.
They do not provide facility to book limit order trades during after-hours.
Classic account holders cannot trade commodities.
Cannot purchase mutual funds online.


Icici Direct






ICICIDirect (or ICICIDirect.com) is stock trading company of ICICI Bank. Along with stock trading and trading in derivatives in BSE and NSE, it also provides facility to invest in IPOs, Mutual Funds and Bonds. Trading is available in BSE and NSE.
Type of Account
Share Trading AccountShare Trading Account by ICICIDirect is primarily for buying and selling of stocks in BSE and NSE.This account allows Cash Trading, Margin Trading, MarginPLUS Trading, Spot Trading, Buy Today Sell Tomorrow and Call and Trade on phone.ICICIDirect.com website is the primary trading platform for this trading account. They also provide installable application terminal based application for high volume trader.
Wise Investment AccountAlong with stock trading and IPO investing in BSE and NSE, Wise Investment account also provide options to invest in Mutual Funds and Bonds online.Online Mutual funds investment allows investor to invest on-line in around 19 Mutual Fund companies. ICICI Direct offers various options while investing in Mutual Funds like Purchase Mutual Fund, Redemption and switch between different schemes, Systematic Investment plans, Systematic withdrawal plan and transferring existing Mutual Funds in to electronic mode. This account also provides facility to invest in Government of India Bonds and ICICI Bank Tax Saving Bonds.ICICIDirect.com website is the primary tool to invest in Mutual Funds, IPOs, Bonds and stock trading.
Active Trader AccountActive Trader account gives more personalized investment options to the investors. It allows investor to use online and offline stock trading. It also provides with independent market expertise and support through a dedicated Relationship Manager from ICICI.Active Trader also provides commodity trading.

Brokerage and fees :
Account opening fees : Rs 750/- (One time non-refundable)
Brokerage : ICICIDirect.com brokerage varies on volume of trade and inclusive of demat transaction charges, service taxes and courier charges for contract notes. It ranges from 0.1% to 0.15% for margin trades, 0.2% to 0.425% for squared off trades and 0.4% to 0.85% on delivery based trades.Check latest rates at:
http://content.icicidirect.com/mailimages/feeschedule.htm
How to open account with ICICIDirect?
For Online Stock Trading with ICICI, investor needs to open 3 accounts...ICICI Bank Account, ICICI Direct Trading Account and ICICI Demat Account (DP Account).Note: If you already have a bank account or demat account with ICICI, you could link it with new ICICIDirect trading account.Opening trading account with ICICI is easy. You could use one of the following options to open account with ICICIDirect.
Visit ICICIDirect.com and fill the "Open an Account" form.
Call ICICI and tell them that you are interested in opening an account with them.
In both the cases ICICI representative contact you in a day or two and tell you about the procedure to open the account. They usually send somebody to your home to collect documents, signature and for demo if required.
Advantages of ICICIDirect
3-in-1 account integrates your banking, broking and demat accounts. All accounts are from ICICI and very well integrated.
Investment online in IPOs, Mutual Funds, GOI Bonds, and Postal Savings Schemes all from one website. General Insurance is also available from ICICI Lombard.
Trading is available in both BSE and NSE.
Disadvantages of ICICIDirect
Getting access to ICICIDirect.com website during market session can be frustrating.
ICICIDirect brokerage is high and not negotiable.
Not all stocks are available under Margin Plus.
Useful links about ICICIDirect
Website:
http://www.icicidirect.com/
Product Demo:
http://content.icicidirect.com/mailimages/indexpage.html
FAQs:
http://content.icicidirect.com/indexfaq.asp