Cover Story Monday, October 30, 2000

NET TRADING

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date of
launch

Margins
(%)

Brokerage
(delivery)*

Brokerage
(trading)%

Min.
brokerage (Rs)

Regd.
Charges (Rs)

Bank

Depository

encryption
level (bit)

ICICIdirect

Apr-00

100

0.20
- 0.85

0.43

25

750

ICICI

own DP

128

Investmart

Feb-00

25-30

0.75

0.25

25

910

HDFC

own DP

128

EquityTrade

Jul-00

25

0.5

0.1

NA

2000

HDFC /
CitiBank

HDFC

40

fglobal

NYS*

25-30

1

0.11

10 paisa/
share

750

HDFC

own DP

128

sharekhan

Aug-00

25

0.25 #

0.1

NA

500

HDFC or GTB

own DP

128

Geojitsecurities

Feb-00

30

0.5

0.07

NA

NA

HDFC /CitiBank

own DP

40

MotilalOswal

NYS*

30

0.3
- 0.4

0.1

50

NA

HDFC /CitiBank

own DP

40

anandrathidirect

Sep-00

25

0.25

0.05

NA

NA

HDFC/
CitiBank

own DP

128

moneypore

Sep-00

40

0.5

0.05-0.1+

NA

1000

HDFC

any

40

kotakstreet

Aug-00

33

0.25

0.1

NA

500

HDFC/
CitiBank

own DP

40

# or Rs1000 per month
l * Operations not yet seamless
l+ statutory charges



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