For all people interested about Reliance money and how you can use it as a vehicle for your stock, commodity and offshore investment Ideas.
We have a community on orkut that will help you in the same, the link for the community is http://www.orkut.com/Community.aspx?cmm=22513378, join the community.
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 months
Rs 1350 for 3 Cr or 6 months
Rs 2500 for 6 Cr or 1 year
Once brokerage is paid, all you would have to pay would be Rs 12 per transaction.
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, Insurance and Mutual funds.
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.
So do post if you have any questions and all of you are welcome to mail me at investments_unlimited@yahoo.com
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