Which shares to buy in Indian stock market?

People normally shy away from directly investing/trading in stocks because it is difficult to identify the stocks worth investing in especially when you do not have any knowledge of the stock markets. But with equity beating every other investment class, it has become a really good place to invest in if you want to generate inflation-beating returns. So how does decide which shares to buy in the Indian stock market?

One way would be to follow the different brokerages in India which give calls based on their analysis.

P.S. – I do not recommend to directly invest in any stocks with the research advice but to follow up with your own research to check if it is worth your money.

Angel Broking

Shares to buy in Indian stock marketAngel Broking, one of the well known names in share trading has excellent stock trading ideas, company reports, IPO analysis and industry analysis to get you up to speed on the economy and the stock market.

It also has a daily market outlook report with updates on major news regarding companies that trade on the stock market.

Angel Broking Top Picks

Angel Broking Company Reports

Angel Broking IPO Views

Angel Broking Market Outlook

HDFC Securities

shares to buy India

The investment arm of HDFC, HDFC Securities also has good stock recommendations for short term capital gains.

 

How to close HDFC Demat Account

hdfc securitiesOpening a new demat / trading account in India is easy nowadays and mostly comes free when you open a salary savings account in one of the major Indian banks.  While opening bank accounts is as easy as calling the bank person to your doorstep and submitting documents, closing the HDFC demat account is the one where you will have to make all the effort.

If you have a HDFC demat account and are not using it, here is how you can close it without even going to the HDFC Branch. It is better than paying the annual fees that comes with the account second year onwards.

How to close HDFC Demat Account

  1. Download the HDFC demant account closure form from HDFC securities site.
  2. Fill up the details in the form.
  3. The DP id and client id can be obtained by logging into your HDFC Demat online account.
  4. Sign the form.
  5. Send it by post to the address mentioned at the top of the form.
  6. You can also hand over the form in any of the HDFC branches that have demat account services.

Within a few working days of receipt of the form, HDFC Securities will send you the account closure confirmation to your registered email id.

How to close ICICI Demat Account

Opening a new demat / trading account in India is easy nowadays and mostly comes free when you open a salary savings account in one of the major Indian banks.  While opening bank accounts is as easy as calling the bank person to your doorstep and submitting documents, closing the ICICI demat account is the one where you will have to make all the effort.

If you have a ICICI demat account and are not using it, here is how you can close it without even going to the ICICI Branch. It is better than paying the annual fees that comes with the account second year onwards.

How to close ICICI Demat Account

  1. Download the closure form from ICICI Bank site.
  2. Fill up the details in the form.
  3. The DP id and client id can be obtained by logging into your ICICI Demat online account.
  4. Fill in the ICICI savings account number for recovery of dues if any.
  5. Sign the form.
  6. Send it by post to the address mentioned at the top of the form.
  7. You can also hand over the form in any of the ICICI branches that have demat account services.

Within a few working days of receipt of the form, ICICI Bank will send you the account closure confirmation to your registered email id.

Best Online Money Transfer services to India

When it comes to sending your hard-earned money to your near and dear ones back in India, it is imperative that the service that is used is fast and reliable. Based on my experience from sending money from US to India, below are best two services which I have relied upon as and when I need.

1. Xoom – Online Money Transfer to India

Xoom Send Money to India

Xoom, a Paypal service lets you send money to India at competitive rates and guarantees a 4 hour deposit in leading banks in India if you send money during the India banking hours. With Paypal being the parent company, Xoom is one of the best and responsive 24* 7 customer service that I have seen.

Charges – Anything above $1000 is free when you send with your bank account.

Sign up on Xoom with this link and get a $20 Amazon GC on sending $400 or more 

2. TransferWise – Online Money Transfer to India

Transfer Wise Send Money to India

When you want to send less than $1000 for a competitive exchange rate and can wait for 2-3 days for the money to arrive in India, TransferWise is the best.

Charges – Although it charges a flat fees for any transaction, it does so over the market exchange rate which is typically always around 60-70 cents more than what Xoom offers. So even with the fees, you will get a exchange rate better than what Xoom offers without any fees.

Sign up on TransferWise with this link and get your first transaction upto $2999 for free

3. Remitly – Online Money Transfer to India

Remitly-Logo

The third service, Remitly is a combination of the first two services that we covered here. It provides both an express and economy transfer option with amazing exchange rates.

The economy option takes close to 7 days for the money transfer to be credited in the Indian account. But the express option takes it a notch up and provides same day transfer.

Sign for Remitly using this link and get a higher exchange rate for your first money transfer to India

 

How to close HDFC Trading Account

close hdfc trading demat accountOpened that trading account in HDFC because the stock trading bug bit you or just because it came free with a savings account? While opening bank accounts is as easy as calling the bank person to your doorstep and submitting documents, closing the HDFC trading account is the one where you will have to make all the effort (not much though).

If you have a HDFC Trading account and are not using it, here is how you can close it without even going to the HDFC Branch. It is better than paying the annual fees that comes with the account second year onwards.

How to close HDFC Trading Account

  1. Download the closure form from HDFC Securities site.
  2. Fill up the details in the form.
  3. The HSL trading account number can be obtained by logging into your HDFC Securities account.
  4. Also fill in the savings account number / HDFC customer id / DP ID / Demat account number so that HDFC can de link them from the trading account before closing it. These details are available after logging into HDFC Netbanking.
  5. Sign the form.
  6. Send it by post to the address mentioned at the bottom of the form.

Within 5 working days of receipt of the form, HDFC will send you the account closure confirmation to your registered email id.