MEANING OF DEMAT

Demat A/c means Demutualization A/c Demutualization refers to the legal structure of an exchange whereby the ownership, the management and the trading rights at the exchange are segregated from one another. Dematerialized account for individual Indian citizens to trade in listed stocks or debentures in electronic form rather than paper as per SEBI guideline. In a Demat account, shares and securities are held electronically instead of the investor taking physical possession of certificates. A Demat account is opened by the investor while registering with an investment broker (or sub-broker)

Process of demat account :

Depository Participants
2 types of Depository participants _ CDSL- Central Depository Service Ltd NSDL- National Securities Depository Ltd This DP under GOVT. custodian. Trade Share under control of CDSL or NSDL. Investors open their account with depositories via depository participants. DP tells the depository about which shares are to be credited and debited from the different accounts. Investors don't deal directly with the depositories. There is no major difference between the two.

Where to trade.
The secondary market is divided into two segments Cash/ Equity segment Derivative segment Equity Futures and Option (F & O) Index / Single Stock Currency Futures/ Option

Settlement The settlement in the securities market is done on a T+2 Rolling Settlement Cycle. (where T = Trading Day).

DAY T

ACTIVITY Trading on BOLT and daily downloading of statements showing details of transactions and margins at the end of each trading day. Downloading of provisional securities and funds obligation statements by member-brokers. 6A/7A* entry by the member-brokers/ confirmation by the custodians. Confirmation of 6A/7A data by the Custodians upto 1:00 p.m. Downloading of final securities and funds obligation statements by members Pay-in of funds and securities by 11:00 a.m. and pay-out of funds and securities by 1:30 p.m. The member-brokers are required to submit the pay-in instructions for funds and securities to banks and depositories respectively by 10:40 a.m.

T+1

T+2

T+2 T+3

Auction on BOLT at 2.00 p.m.

Auction pay-in and pay-out of funds and securities by 09:30 a.m. and 10:15 a.m. respectively.

Comparative analysis of various stock broking agencies in Nasik of the basis of ACTIVATION CHARGES, BROKERAGE, SERVICES

[Base Company] House of Investment 3rd floor, above Megamart, Ganore Heights, Near Vidya vikas circle, Gangapur road, Nasik-422002. Tel: (0253) 6698191/92/93/94/95
Criteria HOI SECURITIES

Demat account opening charge

750

Brokage Intraday, delivery

2 paisa, No Brokerage

AMC(Annual Maintenance Charge)

Nil

Trading funding intraday, delivery

10 times,4 times

Debit Period

T+2 days

Mode of trading

Both online and offline

Marginal money

No limit

Software installation

250 rs for 3 month

Indiabulls Unit no.301-302-303 Space cosmos,Ashok Stambh Nashik

Criteria Demat account opening charge Brokage Intraday, delivery AMC(Annual Maintenance Charge) Trading funding intraday, delivery Debit Period Mode of trading Marginal money Software installation INDIABULLS SECURITIES 200 5 paisa, 50 paisa 250 10 times,4 times T+2 days Both online and offline No limit No extra charge

ANGEL BROKING

8 - A Wing, 1st Floor, Parshuram Apts College Road, Opp. Times of India, Nashik - 422 005
Criteria Demat account opening charge Brokage Intraday, delivery Angel stock broking 750 5 paisa, 50 paisa

AMC(Annual Maintenance Charge) Trading funding intraday, delivery

Rs. 300 6 times,4 times(min. stocks Rs. 50,000)

Debit Period Mode of trading Marginal money Software installation

T+2 days Both online and offline 5000 No extra charge

India Infoline

Viraj Corner, Office No 10 & 11, Canada Corner NASIK:-422605

Criteria Demat account opening charge Brokage Intraday, delivery AMC(Annual Maintenance Charge) Trading funding intraday, delivery Debit Period Mode of trading Marginal money Software installation India Infoline 550 5 paisa, 50 paisa NIL 10 times,4 times T+2 days Both online and offline 2000 No extra charge

Religare Securities

No- 5, ,Suyojit Sankul Complex, Sharanpur Road, , NASIK -422005

Criteria Demat account opening charge Brokage Intraday, delivery AMC(Annual Maintenance Charge) Trading funding intraday, delivery Debit Period Mode of trading Marginal money Software installation Religare securities 550 4 paisa, 40 paisa 250 6 times,4 times(min.stock of Rs.50,000) T+2 days Both online and offline No limit No extra charge

ICICI DIRECT

Criteria Demat account opening charge Brokage Intraday, delivery AMC(Annual Maintenance Charge) Trading funding intraday, delivery Debit Period Mode of trading Marginal money Software installation

ICICI Securities 975 50 paisa, 5 paisa 500 6 times,4 times(min. stock of Rs.50,000) T+2 days Both online and offline No limit No extra charge

Ground Floor, Plot No. 7, Mahindra Memorial Centre, Near Babu Bunglow, Rathchakra Chowk, Vadala- Pathardi Road, Indira Nagar ,NASIK : 422009