An Overview Of RELIENCE MONEY
WHY RELIANCE MONEY ?
For all people interested about Reliance money and how you can use it as a vehicle for your stock, commodity and offshore investment Ideas. Why reliance Money? The least brokerage in the country without compromising on the service. Brokerage is paid upfront, and there are 3
Slabs:
Rs 500 for 1 Cr or two monthsRs 1350 for 3 Cr or 6 monthsRs 2500 for 6 Cr or 1 year
Demat Account with RELIANCE Capital Company would cost Rs. 750/- with Annual Maintenance Charges of Rs.50/-.
Once brokerage is paid, all you would have to pay would be Rs 12 per transaction (Trades done).
Comparison for buying and selling 1 lakh of delivery.
ICICI: Around Rs 1600
Sharekhan: Around Rs 1200
Indiabulls: Around Rs 1200
RELIANCE MONEY: Around Rs 120
A Single platform for Stocks, Commodities, Life and General Insurance, Mutual funds, Credit Cards. So any insurance or mutual fund of any business house could be bought and sold. CFD'S is the new buzz word. CFD stands for Contract For Difference, something very similar to futures, but the only difference is that settlement happens everyday. With RELIANCE MONEY we could trade most of the international stock and commodity markets with incredibly LOW MARGINS. A Nasdaq index would require just a 1% margin.
