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Demat & Trading account कहाँ खोलना सही है? Share Bazar Basic in Hindi | Online Mutual Fund Full KYC - YouTube
Channel: pranjal kamra
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Many people ask me
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Where should I open a Demat account?
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Sharekhan, Zerodha, Upstock
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people get confused by seeing all these options.
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So today, we will know
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which will be the best choice
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to open a Demat and Trading account.
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With that, at the end of this video,
we will know that
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how online, without going to an office
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you can complete you full KYC.
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So that on investing in Mutual Funds or Shares
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you don't get any type of restrictions.
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So, before opening an account in any brokerage
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three things comes in our mind.
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That account, which we have opened
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we are concerned about it's safety.
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Second, the brokerage and annual charges
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we want it to be as low as possible.
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And third
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Technology should be good
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and investing should be easy and convenient.
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So in these three parameters
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today we will compare
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and then decide which brokerage is best.
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So first, let's talk about safety.
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By the way, all the brokers are regulated by SEBI
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all of them get licenses from NSC and BSC.
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And taking advantage of this thing
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every small broker will say to you that
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that we are also regulated by SEBI
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or that we are also regulated by NSC, BSC
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meaning we are also equally safe.
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But it is not necessary.
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As every licensed University or School is not good.
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Like that every registered SEBI broker
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or NSC registered broker is also not good.
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Because regulation doesn’t ensure your money's safety.
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Like few weeks age, a broker in Delhi defaulted
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meaning that they were Bankrupt.
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They didn't have any money to return to people.
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So in this case
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only registration from SEBI or Stock Exchange is not enough.
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To ensure safety, it's necessary that
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we stay connected with India’s biggest brokers.
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If we stay connected with some small brokers
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you might get good brokerage price
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they will open your account for free
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they will also promise to give
the best to best service.
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But, if they get Bankrupt
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then you will get many problems
to recover the money.
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So keep safety in mind
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stay connected with reputed and big brokers.
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That's why today in this video
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we will only pay attention to the top 5 brokers
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and will only compare them.
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Now let's talk about charges.
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Usually in Demat and Trading accounts
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you will get 3 types of charges.
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First is Account Opening charge
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which you only have to give one time.
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Second is Yearly Maintenance charge.
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And third is Brokerage.
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So now let's talk about Account Opening charge.
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I remember, 5 years ago from now
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when I opened my Demat account
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then I had to pay Rs-6000.
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This was only the account opening charge.
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Now today
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account can be opened in Rs-300, 400, or 500.
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So in the past few years
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a huge fall has come to this cost.
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Even now
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some banks and old brokers are there
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who charges in the thousands
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which is not needed at all.
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They are overcharging and you
don't need to go to them.
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Like that
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those who take thousand of rupees to open an account
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their Yearly Maintenance charges sometimes
goes to Rs-700, 800, or 1000.
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So every year
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whether you do trading or not
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whether you buy a single share or not
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you have to give this Yearly Maintenance charge.
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That's why it's important that
this charge should be low.
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Now let's talk about the most important charge
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Brokerage.
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So a few years ago, even today
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the old brokers
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takes percentage charge.
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That means, if you buy shares of Rs-10,000
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then 0.5% will be their brokerage.
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That means they will take Rs-50 as brokerage.
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So like this, for the whole year
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when you do transactions for many times.
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Then you don't know that
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you are giving many thousands of rupees as brokerage.
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So that's why saving this cost is very important.
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And these banks and traditional brokers
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they take more brokerage from you by saying that
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they will give you full service.
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And what happens in the name of that full service?
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First, every day they will send you Stock Tips
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everyday many many Stock Tips.
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Their goal is not to help you.
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Their goal is that
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if they send you Stock Tips for free
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then you will be greedy to invest in them
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and their brokerage will increase.
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So they give you Stock Tips just to
increase their brokerage.
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Second, they will say that you can trade on your phone
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or if you have any problems
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then you can come to the branch to solve it.
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So, trading on the phone is not that much needed nowadays.
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It was important before
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when internet and mobile apps were not that good
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then it was nice to do trading via phone.
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Nowadays this facility is pointless.
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And that's why
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you most important focus now should be
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that brokerage be as low as possible.
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So that you can make yearly savings.
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If you are giving 0.5% brokerage
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which most of the full-service brokers still charge.
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That means 0.5% on buying and 0.5% on selling
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you are getting a straight 1% minus.
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So, saving this cost is very important
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and that's why
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nowadays Discount Brokers have come.
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They do not have many physical offices
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they will not give you support on phone.
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But their app is very good
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you can trade from their app.
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If you took an Equity Delivery
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that means you are buying a share and
keeping it in your Demat account
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then zero brokerage is needed
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in many Discount Brokers.
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Yes zero brokerage.
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There is some government taxes
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some turnover charges in it.
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Which NSC, SEBI, and the government takes.
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But these Discount Brokers
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they don't take a single rupee from you
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if you are taking the delivery of the share.
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So in a way, these Discount Brokers
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are like a game changer in this broking industry.
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Suddenly for us
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investing and trading costs has become very low.
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Which was never before.
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So this is the right time
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to enter the share market
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because cost is low, investing became easy
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account opening is also very easy.
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And through it, we come to the third point
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Convenience and ease of investing.
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See, before you had to open a Demat
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so going to many offices
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or an agent from them is coming to you
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with very long paperwork.
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But now account opening is totally paperless.
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You don't need to go anywhere
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and paperwork has also become very less.
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You just have to send pictures of the documents.
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Account opening has become very fast.
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Your account may be opened within 3-4 days.
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After that investing is also very easy.
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You just need to download the mobile app
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and fastly, safely, and in a very simple way
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you can do investing
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because investing app also became very easy to use
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anyone can easily use it.
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So today I said, we will choose from the top 5 brokers.
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See ICICI Securities has the most number of accounts.
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But they are among the highest brokerage-taking companies.
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2nd is HDFC
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their brokerage is also quite high.
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3rd is Zerodha
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4th is Axic
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and 5th is Sharekhan.
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So among these top 5 Indian brokers
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only one discount broker is there
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which is in the top 5.
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So we can relay on it.
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Because lakhs of people are using it.
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So we know that tomorrow they will not
run away with our money.
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Many reputed investors have invested there
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so it brings trust.
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I also personally use Zerodha.
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So you can also use it
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because in Equity the delivery is absolutely free
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Intraday and F&O
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which I do not recommend
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but people do it anyway.
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It's cost is also a flat charge of Rs-20.
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That means if you do trading of Rs-1 or Rs-1 crore
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you don't need to pay more than Rs-20.
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So in this case, you know that
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how much fees you are giving
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and you have transparency with you.
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The account opening charge in Zerodha is around Rs-500
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and yearly maintenance is around Rs-200-300.
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Besides this there is no other charges.
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So, if you want to open an account in Zerodha
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then in this videos description
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you will find the account opening link.
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Where you can instantly open your account online.
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Many people ask me that
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"Sir Zerodha asks for Power of attorney,
is it safe to give that?"
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See, without Power of attorney
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you cannot take out your share
from your Demat account.
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Because Demat account is maintained by a government agency.
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So if your broker doesn't have your Power of attorney
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when you want to sell your shares in the app
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when you will give the sell order
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then your broker
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from that government agency
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want to bring those shares out
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then that agency wont allow them do it.
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They will say that, "Show us, where is the Power of attorney?"
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That's why it is important to give the Power of attorney.
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So that Power of attorney
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will come to your e-mail.
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You have to print and sign it, then courier it.
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Just this courier work is a little physical
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the rest of the process is completely online.
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So now let's find out
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those who buy mutual funds
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it is also very helpful for them.
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That online, all the different mutual funds
platforms or mutual funds websites
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if you do KYC from there
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that will be eKYC.
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eKYC means that, in one mutual fund
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you can only invest Rs-50,000 a year
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not more than that.
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And if you want to do full KYC
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That means you will have no restriction on you
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you can buy as many shares and
mutual funds as you want.
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It is called cKYC.
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To do it you have to go to a bank office
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or Camps or CARVI
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you had to go to these kinds of offices before.
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So this is another benefit for those
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who want to invest in mutual funds.
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That you open a Demat account from Zerodha
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and when you will open a Demat account
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then your full KYC will also done
automatically online
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with the help of web-cam or mobile camera.
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So if you just want to do full KYC
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then opening a Zerodha account
is also a good option.
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You don't have to go to an office
to do physical paperwork.
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And with that
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you can also buy mutual funds directly from Zerodha
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only by giving a Rs-50 fees.
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So your stocks and mutual funds
will be in one account
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and with that, your full KYC will be done online.
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One more important thing.
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Many times many people told me that
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"Sir our money is deducted, but our account is not opening
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because there is a name mismatch
in out PAN or Aadhar."
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So there is no need to worry here
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within 2-3 days, Zerodha's team will call you
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and will solve whatever problem is there.
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So money is deducted but account not opened
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you don't need to worry about it.
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Just keep a little patience.
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So you have opened a Demat and Trading account
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but what shares are to buy?
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What shares do I have?
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How will you know that?
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You will know that by seeing my portfolio.
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If you want to see what shares do I have
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what shares I am buying and selling.
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If you want this information regularly on your e-mail.
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Then you can subscribe to my portfolio.
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You will find the link in the description.
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So hope you liked this video.
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Definitely like this video
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and if you haven't yet subscribed to this channel.
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Then quickly press the subscribe button
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and the bell icon.
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I will be bringing more such videos.
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Until then
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This is Pranjal Kamra
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signing off
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Bye Bye.
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