Stock trading discussion

[pkkumarcool]

Guys what will you suggest Zerodha or Upstox?

 

[Desmond]

I don't really know about Upstox, so I don't really have any opinion about them. I personally use Zerodha though and I think they are pretty good.

 

[omega44-xt]

Guys what will you suggest Zerodha or Upstox?

Zerodha has stuff segregated in multiple products, like kite for stocks & so on. Good UI.

Upstox's new UI is good actually compared to the older one. But upstox has demat transaction charge of like ₹21/22 for every sell order (not sure of intraday, but talking about normal delivery trading) vs ₹15 with other brokers. So now, I'm using Zerodha for all stock trading.

I found Groww's UI to be the best easily, others are not close, esp for casual traders. It has some brokerage for every transaction, buy or sell whereas other 2 just charge you the taxes for delivery trade. If you won't be trading much, I'd recommend Groww because of 0 AMC. It has direct MFs as well and I'm using it for my MFs.

So decide for yourself. My recommendation is Groww for small traders & Zerodha, if you will be investing a lot of money.

 

[thetechfreak]

Groww takes 20INR or 0.05% which is lower. So unless you do less than total 15 buy or sell(orders) with it its better to get something robust like zerodha or Angelone.

Also, almost once ever week I hear groww users face different issues on Twitter. So that's that. One of them being platform going down when market tanks and people unable to sell their holdings.

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[rockfella]

Groww takes 20INR or 0.05% which is lower. So unless you do less than total 15 buy or sell(orders) with it its better to get something robust like zerodha or Angelone.

Also, almost once ever week I hear groww users face different issues on Twitter. So that's that. One of them being platform going down when market tanks and people unable to sell their holdings.

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Ok this is a very serious problem. One should consider Zerodha only.

 

[omega44-xt]

Ok this is a very serious problem. One should consider Zerodha only.

Lol, no. You haven't seen the brokerage charges of traditional ones like ICICI, HDFC, Axis demat, etc. Groww's brokerage is reasonable for 0 AMC (those banks take AMC as well).

As I said earlier "Groww for small traders & Zerodha, if you will be investing a lot of money". I used Groww to start my trading journey, now using Zerodha. Few of my friends use Groww & it is enough for the few thousands they invest in a year in stocks directly.

 

[thetechfreak]

Full brokerage services tend to have way many features compared to Groww though including access to sophisticated trading s/w as well(which both groww and zerodha). In any case user ends up paying way more on Groww unless say they trade literally less than the number of fingers we have. Not to mention the number of "glitches" I see popup on twitter at all times during trading hours (although zerodha does have outages too but significantly rarely).

Anyways, platform is upto preference. Just listing the pros and cons before one puts their hard earned money. Also, if anyone needs a refferal on zerodha do post here. It will benefit us both

 

[Cyberghost]

I'm currently looking to open a basic demat account in JPMorgan,Goldman Sachs or Credit suisse. I can't find any information on their website. But they are listed as depository participants.

 

[thetechfreak]

I'm currently looking to open a basic demat account in JPMorgan,Goldman Sachs or Credit suisse. I can't find any information on their website. But they are listed as depository participants.

Probably as their clients are inhouse(or foreign) and it's for their own investments if I were to guess(and don't have direct retail customers in India).

 

[rockfella]

Lol, no. You haven't seen the brokerage charges of traditional ones like ICICI, HDFC, Axis demat, etc. Groww's brokerage is reasonable for 0 AMC (those banks take AMC as well).

As I said earlier "Groww for small traders & Zerodha, if you will be investing a lot of money". I used Groww to start my trading journey, now using Zerodha. Few of my friends use Groww & it is enough for the few thousands they invest in a year in stocks directly.

I have heard good things about Zerodha. I don't trade at all

 

[TigerKing]

 

[Zangetsu]

Do you guys invest in IPO(s) ?

 

[omega44-xt]

Do you guys invest in IPO(s) ?

I do. Some are really good, but sometimes even though the company is good, negative market sentiment might bring the shares down, like for CarTrade.

 

[thetechfreak]

Do you guys invest in IPO(s) ?

Got a few this year. Holding even though some companies gave listing gain. Although Zomato I did sell day 1

I do. Some are really good, but sometimes even though the company is good, negative market sentiment might bring the shares down, like for CarTrade.

CarTrade also I'm holding but with the premium valuations they listed not sure if we will go into profit anytime soon with the stocks(especially with the bad quarter they had). One redflag is their IPO was 100% OFS from what I remember, so mostly promoters cashing out good chunk

 

[omega44-xt]

Got a few this year. Holding even though some companies gave listing gain. Although Zomato I did sell day 1


CarTrade also I'm holding but with the premium valuations they listed not sure if we will go into profit anytime soon with the stocks(especially with the bad quarter they had). One redflag is their IPO was 100% OFS from what I remember, so mostly promoters cashing out good chunk

I booked some loss for CarTrade on listing day. Recently entered back in it. As it is a profitable company + good institutional investors, hoping shares will rise with time.

 

[TheSloth]

Hi guys!
Great discussions going on here!
I have been thinking to get into trading for very little amounts to learn about this. This will take time since I am new to this. But first thing I want to learn is how would I pay tax once I earn money. Say I earn Rs.1000, do I need to declare this as other income on Income Tax portal?
Note: I earn more than 5LPA and have already declared my MF investments on my office web portal.

 

[jackal_79]

Can someone comment on smallcase investment. Are any of you guys using it?

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[Vyom]

Can someone comment on smallcase investment. Are any of you guys using it?

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Its a combination of direct trading + convinience of MF funds.
Good for those who want to have control over what stocks they want to, but don't want to track individual stocks, or dont have time to do so.

Personally, I don't use smallcase. I invest in MF for long term, and do direct stock swing trading.

 

[TheSloth]

Its a combination of direct trading + convinience of MF funds.
Good for those who want to have control over what stocks they want to, but don't want to track individual stocks, or dont have time to do so.

Personally, I don't use smallcase. I invest in MF for long term, and do direct stock swing trading.

How do you declare your income from swing trading while filing tax? Please point me to some helpful resources.

Last time I was talking here about the stocks for really small period, I actually meant trading stocks I just forgot the word trade that time and discussion went somewhere else

 

[Desmond]

I have a CA who does this for me. I just give him the equity statement from Zerodha and he calculates and tells me my tax liability.