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Dear Praba Karan,

The discount brokerage concept is picking up and many investors like you are now moving to them for stock, commodity and currency trading. But there are few areas where most of them still do not provide services including investment in Mutual Funds, IPO’s, Offer for Sales (OFS) etc.

The discount brokers are aware of this problem and working towards provide most of the services traditional brokers like ICICIdirect provides except market research & tips.

For investors like you, I suggest you to try Zerodha. They have zero AMC for trading account and pay as you trade service. Each trade at Zerodha cost you Rs 20 with Zerodha.

Simply check how much brokerage you paid in last one year to ICICIDirect. Then multiply the number of trade with Rs 20 and see how much you would have paid if you traded with Zerodha. I am pretty sure that this would at least 70%-80% less.

Please post the numbers here for readers benefit.

Thank you for your comment. Feel free to ask if you have any further question.

Mukesh