Oct 14, 2016 05:34 PM
17668 Views
If you buy 100 shares priced at rupees 1000/- and sell your 100 shares at the exact price of 1000/- you end up aishwaryasingh23ing brokerage of .50 buying and .50 for selling which is 500 rupees X 2= 1000 rupees and to add salt on your wounds there is tax and other charges which is 0.20 x2
so u end up aishwaryasingh23ing 1400 rupees on 1 lakh this if the figure when u buy and sell at the exact same cost, now if u have to earn some money u will have to wait for your portfolio to increase by 1400 rupees then after that you make profit, and these r@scals at hdfc have the worst pricing when it comes to penny stocks they end up charging you 20% of your investment or 10p per share if you buy penny stocks
a recent example is that I brought 90, 000 shares of pmcfincorp @ 0.56 paise which I am being charged 4500 brokerage just to buy them and my average price is 0.61 paise they are such a money hungry organisation, extremely greedy I switched to a discount brokerage zerodha which offers me no brokerage on delivery and 40 rupees flat on intraday trading .HDFC IS THE WORST NEVER EVER USE IT
