Bajaj Capital Introduces Online Trading Site in India
Non resident Indians will soon be able to avail of value-added online trading services from Bajaj Capital to participate in schemes of various mutual funds in India.
Preparations for the launch of the online trading site in July
are on in full steam, as approval from Sebi has already been
received.
NRI investors would be able to avail of trading in Indian equity
shares and mutual funds at a brokerage charge of 0.40% per transaction.
Value added services like free equity research would also be
provided to customers.
Bajaj Capital also plans to provide wealth management services
to NRIs through offices in either the Middle East or Singapore,
locations with a considerable NRI population.
Online trading sites in India have made investment for NRIs
a convenient, paper-less process, removing the uncertainty and
cumbersome procedures that were associated with trading through
brokers.
Online brokers like HDFC, ICICI direct, Indiabulls, Sharekhan
and others have opened up Indian equities to new participants
like housewives, retired professionals and small businessmen.
Last month, Reliance Money, ADAG joined the online trading market,
creating a stir with prepaid trading cards and low brokerage
State stock exchanges have almost been eclipsed as the BSE and
NSE have been made accessible to all clients within and outside
India.
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Photo: The skyline of The City of London, London's financial district by traveljunction, licensed under CC BY-SA 2.0, via Wikimedia Commons.
