Full Service Broker in India
The full-service category includes all the names of traditional stock brokers that comes to our mind when we think of brokers icici direct, sharekhan, kotak, Indiabulls, anand rathi, motilal oswal, india infoline, religare, sbi cap and others. They provide a variety of services, such as personal advice, retirement planning,stock advices, insurance and tax tips. Full-service brokers offer a wider selection of investment products such as derivatives, mutual funds and insurance, as well as access to the company’s research. All this comes with a hefty price tag. Full-service brokerages are expensive, with commissions around .01% to .07%. Furthermore, full-service brokers make money based on how much you trade, not the performance of your portfolio. This can lead to your full-service broker advising you to trade when you don’t need to or giving you a stock tip just to increase your trading volume. When this becomes excessive, it is called churning and most of the clients with the full service brokers complains of over churning of their portfolio or trading account .Which is not at all healthy for the clients .