I learnt quite a few things from Mukund today:
- That demat account and trading account are different. The former allows one to electronically store the documents (of various instruments), while the latter allows one to buy/sell instruments online. Apart from this, one needs to have an account (a savings or a current account) that holds money to transact.
- That ICICI charges 1% as transaction fees, Sharekhan 0.5%. I know that IndiaBulls also charges 0.5%
- I have also learnt a bit about mergers/acquisitions as to how they happen and what the buyer has to do, thanks to the news about M$ eyeing to buy out Y!