Stockbrokers act as an intermediary who helps individual investors and corporate bodies engaged in investment business by providing necessary services and assistance. They act as a middleman who helps individual investors by providing necessary guidance and support services. A stockbroker is known for providing various types of services like assistance in buying and selling of stock market securities, underwriting agency services, personalized professional advice, and assistance services.
Stockbrokers in India are merely divided into two days which include full-time service brokers and discount brokers. Full-time service brokers and discount brokers are distinguished based on services provided and brokers rates charged by them.
Top-five stock brokers in India which an individual can analyze and choose from are listed below:
Sharekhan is one of the oldest and most prestigious stock broking firms in India providing professional services to its clients. The firm is known for providing efficient Services like the creation of an investment portfolio and professional personalized and advisory services. The company has both online and offline presence covering all the major towns and cities in India. The brokerage rate charged by the firm ranges from .1% to .15%.
A subsidiary of ICICI Bank the stock broking firm has a presence in all major cities in India providing their services to their clients with complete professionalism. The brokerage company allows individuals to open a three in one document account and provide various other investment-related services like personalized advisory services and portfolio creation. The brokerage company has a presence in all major cities in India providing their services to their clients with complete professionalism. The brokerage rate charged by the firm ranges between .5 to .75%.
· Wisdom Capital:
It is considered as the most secure and professional stockbroker in India providing online advisory and support services to investors. The firm is known for providing every type of professional investment-related services including personalized Advisory services. The firm even provides monthly and yearly brokerage plans under which an individual has to pay a lump sum amount without any need for advance payments. Moreover, the online trading services and platforms divided by the company making it one of the most reliable and professional stock broking companies in India.
- HDFC Securities:
A subsidiary of HDFC Bank, the stock broking firm provides necessary services to individuals for opening a four in one trading account. Use of online platforms for trading and provision of the necessary information and reports Help individuals in making informed decisions for investment.
- India Infoline:
Considered as one of the best stock brokers in India, India Infoline is a leading discount broker in India providing professional services to its clients. Individual investors receive timely information and report related to stock market behaviors for making informed decisions. An individual investor also receives a choice to select the best plan with suits his or her needs from the variety of brokerage plans.
These are some of the best stockbrokers in India who have completely revolutionized the investment business. Stock market investment has grown at a tremendous rate. Selecting a perfect and professional stockbroker or company is very essential for investing in return generating securities.