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When you are only an IPO investor, AMC charges will affect your IPO investment cost. If you apply in 10 to 30 IPOs in a year, then you need to consider Trading and Demat AMC. Maximum brokers are providing free trading account, but demat AMC can increase your expense for IPO investment. Assume you need to pay Rs 400 as Demat AMC per year and if you have applied in 20 IPOs, in such case, your each IPO investment get 20 Rs extra cost.
Zerodha Trade@20