Despite 2022 being a turbulent year when the Nifty 50 total return index barely managed to eke out a return of 5.7 per cent, 27.7 million demat accounts were added. This was only slightly lower than the 30.8 million accounts added in 2021 when the index had given a blockbuster return of 25.6 per cent. When entering the equity markets, investors need to choose their stock broker judiciously.
Price paid should match service
Minimising the brokerage fee is important since any amount saved here will augment your returns. High-value and high-frequency traders need to be especially cost-conscious. However, the pricing decision should also be made in the context of your needs.
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