I recently subscribed to Money Control's SMS Alert facility. They charged something like Rs.500 for 6 months. I get daily updates on Stock Price, networth movement & news on key stocks. So far it's peaceful and did not feel like a nuisance.
So here is what I spend every year on my investments:
Magazines Rs.2500
D-Mat Accounts Rs. 5000
SMS Alerts Rs.500
Books Rs.2000
So fixed cost of Rs.10 K. Plus the short term capital gain that may arise. Huh :(
I operate a large number of D Mat Accounts since I also manage family investments. I have also included the cost of maintaining the bank accounts to support the d-mat accounts.
Regards, Rohit
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