In today’s digital age, investing in the stock market has become more accessible than ever before. Demat accounts, short for “dematerialized accounts,” have revolutionized the way Indians buy, sell, and hold shares. With a demat account, investors can store their securities electronically, eliminating the need for physical share certificates. In this article, we will explore the 20 best demat accounts in India, highlighting their benefits, fees and charges, as well as their pros and cons. So, let’s start.
20 Best Demat Accounts in India
| Demat Account | Charges Description |
|---|---|
| Zerodha: | Low account opening charges of Rs. 200 and zero equity delivery charges. |
| ICICI Direct: | Account opening charges of Rs. 975 and charges of 0.55% of turnover for equity delivery. |
| HDFC Securities: | Rs. 999 account opening charges with 0.50% of turnover for equity delivery and 0.05% for intraday and futures. |
| Axis Direct: | Account opening charges of Rs. 650 with 0.50% of turnover for equity delivery and intraday. |
| Sharekhan: | Rs. 500 account opening charges and charges of 0.50% of turnover for equity delivery and 0.10% for intraday. |
| Kotak Securities: | Rs. 750 account opening charges and 0.49% of turnover for equity delivery and 0.049% for intraday and futures. |
| Angel One: | Account opening charges of Rs. 699 with 0.40% of turnover for equity delivery and 0.04% for intraday and futures. |
| 5paisa: | Rs. 650 account opening charges with flat charges of Rs. 20 per trade for equity delivery, intraday, and futures. |
| Motilal Oswal: | Account opening charges of Rs. 999 and charges of 0.50% of turnover for equity delivery and 0.05% for intraday and futures. |
| Upstox: | Rs. 249 account opening charges and flat charges of Rs. 20 per trade for equity delivery, intraday, and futures. |
| SBI Securities: | Account opening charges of Rs. 850 with 0.50% of turnover for equity delivery and 0.05% for intraday and futures. |
| Edelweiss: | Rs. 750 account opening charges with 0.50% of turnover for equity delivery and 0.05% for intraday and futures. |
| Prostocks: | Account opening charges of Rs. 499 and charges of Rs. 100 per trade for equity delivery, intraday, and futures. |
| TradeSmart Online: | Rs. 400 account opening charges and charges of Rs. 15 per trade for equity delivery, intraday, and futures. |
| Ventura Securities: | Account opening charges of Rs. 1,150 with 0.40% of turnover for equity delivery and 0.04% for intraday and futures. |
| Karvy Stock Broking: | Rs. 650 account opening charges and charges of 0.30% of turnover for equity delivery and 0.03% for intraday and futures. |
| Anand Rathi: | Account opening charges of Rs. 750 with 0.50% of turnover for equity delivery and 0.05% for intraday and futures. |
| Geojit Financial Services: | Rs. 500 account opening charges with 0.30% of turnover for equity delivery and 0.03% for intraday and futures. |
| Reliance Securities: | Account opening charges of Rs. 900 with 0.50% of turnover for equity delivery and 0.05% for intraday and futures. |
| IIFL Securities: | Rs. 750 account opening charges with 0.50% of turnover for equity delivery and 0.05% for intraday and futures. |
1. Zerodha
Zerodha is a popular and user-friendly demat account that caters to the needs of budget-conscious investors. It provides a seamless and intuitive online trading platform with advanced charting tools and real-time market data, making it easy for both beginners and experienced traders to navigate and execute trades. Zerodha emphasizes transparency by offering direct mutual fund investments and low brokerage fees for intraday and futures trading.
Benefits:
- User-friendly interface for seamless trading.
- Low brokerage charges.
- Robust customer support.
- Option to invest in mutual funds and IPOs.
Fees and Charges:
- Account Opening: Rs. 200
- Equity Delivery: Zero brokerage
- Intraday and Futures: Rs. 20 per trade or 0.03% of turnover
Pros & Cons:
- Pros: Competitive pricing, excellent trading platforms, and extensive educational resources.
- Cons: Limited offline presence and no research reports.
2. ICICI Direct
ICICI Direct: ICICI Direct is a trusted demat account provider known for its user-friendly interface and comprehensive research tools. With a wide range of investment options and a dedicated customer support team, it caters to both beginners and experienced investors. The account opening charge of Rs. 975 is reasonable considering the services and benefits offered.
Benefits:
- Integrated banking and trading services.
- Advanced research and analysis tools.
- Wide range of investment options.
- 3-in-1 account for seamless transactions.
Fees and Charges:
- Account Opening: Rs. 975
- Equity Delivery: 0.55% of turnover
- Intraday and Futures: 0.275% of turnover
Pros & Cons:
- Pros: Convenient banking and trading integration, strong research capabilities, and diverse investment opportunities.
- Cons: Higher brokerage charges compared to discount brokers.
3. HDFC Securities
HDFC Securities: HDFC Securities is a reliable demat account provider that offers a seamless trading experience. With its robust trading platform and competitive charges, including a reasonable account opening charge of Rs. 999, it appeals to a wide range of investors. Additionally, HDFC Securities provides access to in-depth market research and analysis, making it suitable for those who value information and insights for their investment decisions.
Benefits:
- Robust online trading platforms.
- Wide range of investment options.
- Advanced research tools and recommendations.
- Access to IPOs and mutual funds.
Fees and Charges:
- Account Opening: Rs. 999
- Equity Delivery: 0.50% of turnover
- Intraday and Futures: 0.05% of turnover
Pros & Cons:
- Pros: Reliable trading platforms, comprehensive research reports, and diverse investment options.
- Cons: Relatively higher charges for equity delivery.
4. Axis Direct
Axis Direct: Axis Direct is a popular demat account choice due to its affordable account opening charge of Rs. 650 and user-friendly interface. It offers a range of investment options and features, including research reports, real-time market updates, and dedicated customer support. Axis Direct is suitable for investors looking for a cost-effective solution without compromising on quality services.
Benefits:
- Integrated banking and trading services.
- User-friendly platforms.
- Research recommendations.
- Option to invest in IPOs and mutual funds.
Fees and Charges:
- Account Opening: Rs. 650
- Equity Delivery: 0.50% of turnover
- Intraday and Futures: 0.05% of turnover
Pros & Cons:
- Pros: Easy integration with Axis Bank accounts, user-friendly platforms, and research support.
- Cons: Higher charges for equity delivery and call & trade facility.
5. Sharekhan
Sharekhan: Sharekhan is a well-established demat account provider that offers a comprehensive trading platform and a range of investment opportunities. With an account opening charge of Rs. 500, it is an attractive option for investors of all levels. Sharekhan provides research reports, trading tools, and educational resources to empower investors with knowledge and insights.
Benefits:
- Strong research and advisory services.
- Multiple investment options.
- Dedicated relationship managers.
- Extensive offline presence.
Fees and Charges:
- Account Opening: Rs. 500
- Equity Delivery: 0.50% of turnover
- Intraday and Futures: 0.10% of turnover
Pros & Cons:
- Pros: Comprehensive research reports, dedicated relationship managers, and widespread offline network.
- Cons: Relatively higher charges for equity delivery and intraday trading.
6. Kotak Securities
Kotak Securities: Kotak Securities is a renowned demat account provider with a reputation for its customer-centric approach. With an account opening charge of Rs. 750, it offers a seamless trading experience and a wide array of investment options. Kotak Securities provides access to research reports, market analysis, and personalized investment advice, making it suitable for investors seeking guidance and support.
Benefits:
- Integrated banking and trading services.
- Advanced trading platforms.
- In-depth research and analysis tools.
- Access to IPOs and mutual funds.
Fees and Charges:
- Account Opening: Rs. 750
- Equity Delivery: 0.49% of turnover
- Intraday and Futures: 0.049% of turnover
Pros & Cons:
- Pros: Seamless banking and trading integration, advanced trading platforms, and comprehensive research tools.
- Cons: Higher charges for equity delivery and limited customer support.
7. Angel One
Angel one: Angel one is a popular demat account provider known for its extensive research offerings and personalized services. With an account opening charge of Rs. 699, it provides a user-friendly platform, advanced trading tools, and personalized investment recommendations. Angel one caters to both novice and experienced investors, making it a suitable choice for those looking for expert guidance and research-backed insights.
Benefits:
- User-friendly mobile app for easy trading.
- Detailed research reports and recommendations.
- Access to IPOs and mutual funds.
- Personalized advisory services.
Fees and Charges:
- Account Opening: Rs. 699
- Equity Delivery: 0.40% of turnover
- Intraday and Futures: 0.04% of turnover
Pros & Cons:
- Pros: Intuitive mobile app, personalized advisory services, and comprehensive research reports.
- Cons: Relatively higher charges for equity delivery and additional fees for call & trade facility.
8. 5paisa
5paisa: 5paisa is a digital-first demat account provider that offers a hassle-free and cost-effective trading experience. With a low account opening charge of Rs. 650 and a flat fee structure of Rs. 20 per trade, it is popular among budget-conscious investors. 5paisa provides a user-friendly mobile app, in-depth market analysis, and a wide range of investment options, making it a convenient choice for tech-savvy investors who prefer a seamless digital experience.
Benefits:
- Low-cost trading with competitive brokerage charges.
- User-friendly trading platforms.
- Access to a wide range of investment options.
- Option to invest in mutual funds and digital gold.
Fees and Charges:
- Account Opening: Rs. 650
- Equity Delivery: Rs. 20 per trade
- Intraday and Futures: Rs. 20 per trade
Pros & Cons:
- Pros: Cost-effective trading, user-friendly platforms, and diverse investment options.
- Cons: Limited offline presence and additional charges for research reports.
9. Motilal Oswal
Motilal Oswal: Motilal Oswal is a renowned demat account provider known for its research-driven approach and extensive range of investment options. With an account opening charge of Rs. 999, it offers a robust trading platform, in-depth research reports, and personalized investment advice, making it a preferred choice for investors seeking comprehensive support.
Benefits:
- Robust research reports and recommendations.
- Integrated trading and wealth management services.
- Access to IPOs and mutual funds.
- Dedicated customer support.
Fees and Charges:
- Account Opening: Rs. 999
- Equity Delivery: 0.50% of turnover
- Intraday and Futures: 0.05% of turnover
Pros & Cons:
- Pros: Comprehensive research reports, integrated wealth management services, and dedicated customer support.
- Cons: Higher charges for equity delivery and limited educational resources.
10. Upstox
Upstox: Upstox is a popular demat account provider that offers a user-friendly and technologically advanced trading platform. With a nominal account opening charge of Rs. 249 and a flat fee of Rs. 20 per trade, it provides a cost-effective solution for traders of all levels. Upstox offers fast order execution, advanced charting tools, and a range of investment products, making it suitable for active traders and investors.
Benefits:
- Low-cost brokerage charges.
- Advanced trading platforms.
- Access to a wide range of investment options.
- Option to invest in IPOs and mutual funds.
Fees and Charges:
- Account Opening: Rs. 249
- Equity Delivery: Rs. 20 per trade
- Intraday and Futures: Rs. 20 per trade
Pros & Cons:
- Pros: Competitive pricing, feature-rich trading platforms, and diverse investment opportunities.
- Cons: Additional charges for research reports and limited customer support.
11. SBI Securities
SBI Securities: SBI Securities is a reliable demat account provider backed by the credibility of the State Bank of India. With an account opening charge of Rs. 850, it offers a seamless trading experience and access to a wide range of investment options. SBI Securities provides research reports, market analysis, and a user-friendly interface, making it a preferred choice for investors looking for stability and reliability.
Benefits:
- Trusted brand with a strong reputation.
- Integrated banking and trading services.
- Access to a wide range of investment options.
- Research recommendations and analysis tools.
Fees and Charges:
- Account Opening: Rs. 850
- Equity Delivery: 0.50% of turnover
- Intraday and Futures: 0.05% of turnover
Pros & Cons:
- Pros: Reliable brand, seamless banking and trading integration, and research support.
- Cons: Higher charges for equity delivery and comparatively complex trading platforms.
12. Edelweiss
Edelweiss: Edelweiss is a well-established demat account provider known for its comprehensive investment services. With an account opening charge of Rs. 750, it offers a range of investment options, including equity, derivatives, mutual funds, and more. Edelweiss provides research reports, expert advice, and a user-friendly trading platform, making it suitable for investors seeking a holistic investment experience.
Benefits:
- Comprehensive research reports and insights.
- Access to IPOs and mutual funds.
- User-friendly trading platforms.
- Dedicated relationship managers.
Fees and Charges:
- Account Opening: Rs. 750
- Equity Delivery: 0.50% of turnover
- Intraday and Futures: 0.05% of turnover
Pros & Cons:
- Pros: In-depth research reports, access to IPOs and mutual funds, user-friendly trading platforms, and dedicated relationship managers.
- Cons: Higher charges for equity delivery and limited educational resources.
13. Prostocks
Prostocks: Prostocks is a discount brokerage firm that offers cost-effective trading services. With an account opening charge of Rs. 499 and a flat fee of Rs. 100 per trade, it provides a pocket-friendly option for traders. Prostocks offers a range of investment products, advanced trading platforms, and a simplified trading process, making it ideal for those seeking low-cost trading with essential features.
Benefits:
- Low-cost brokerage charges.
- User-friendly trading platforms.
- Access to a wide range of investment options.
- Option to invest in IPOs and mutual funds.
Fees and Charges:
- Account Opening: Rs. 499
- Equity Delivery: Rs. 100 per trade
- Intraday and Futures: Rs. 100 per trade
Pros & Cons:
- Pros: Cost-effective trading, user-friendly platforms, and diverse investment options.
- Cons: Limited research and advisory services.
14. TradeSmart Online
TradeSmart Online: TradeSmart Online is a discount brokerage firm that provides affordable trading solutions. With an account opening charge of Rs. 400 and a flat fee of Rs. 15 per trade, it offers cost-effective trading services without compromising on quality. TradeSmart Online provides a user-friendly platform, extensive research tools, and personalized support, making it suitable for investors who value affordability and simplicity.
Benefits:
- Discount brokerage with competitive charges.
- Advanced trading platforms.
- Access to a wide range of investment options.
- Option to invest in IPOs and mutual funds.
Fees and Charges:
- Account Opening: Rs. 400
- Equity Delivery: Rs. 15 per trade
- Intraday and Futures: Rs. 15 per trade
Pros & Cons:
- Pros: Low-cost trading, feature-rich platforms, and diverse investment opportunities.
- Cons: Limited customer support and additional charges for call & trade facility.
15. Ventura Securities
Ventura Securities: Ventura Securities is a reputed demat account provider that offers a comprehensive range of investment services. With an account opening charge of Rs. 1,150, it provides access to equity, derivatives, commodities, mutual funds, and more. Ventura Securities offers research reports, trading platforms, and dedicated customer support, making it a preferred choice for investors seeking a diverse investment portfolio and reliable support.
Benefits:
- Integrated banking and trading services.
- Comprehensive research reports and recommendations.
- Access to IPOs and mutual funds.
- Personalized advisory services.
Fees and Charges:
- Account Opening: Rs. 1,150
- Equity Delivery: 0.40% of turnover
- Intraday and Futures: 0.04% of turnover
Pros & Cons:
- Pros: Convenient banking and trading integration, comprehensive research reports, and personalized advisory services.
- Cons: Higher charges for equity delivery and limited educational resources.
16. Karvy Stock Broking
Karvy Stock Broking: Karvy Stock Broking is a well-established demat account provider with a wide network and comprehensive services. With an account opening charge of Rs. 650, it offers a seamless trading experience and a range of investment options. Karvy Stock Broking provides research reports, expert advice, and personalized support, making it suitable for investors looking for a reliable and experienced brokerage firm.
Benefits:
- Wide range of investment options.
- Research recommendations and analysis tools.
- Access to IPOs and mutual funds.
- Dedicated customer support.
Fees and Charges:
- Account Opening: Rs. 650
- Equity Delivery: 0.30% of turnover
- Intraday and Futures: 0.03% of turnover
Pros & Cons:
- Pros: Diverse investment options, research support, and dedicated customer support.
- Cons: Relatively higher charges for equity delivery and limited educational resources.
17. Anand Rathi
Anand Rathi: Anand Rathi is a trusted demat account provider that offers a comprehensive suite of investment services. With an account opening charge of Rs. 750, it provides a seamless trading experience and a wide range of investment products. Anand Rathi offers research reports, personalized investment advice, and a user-friendly trading platform, making it a preferred choice for investors seeking expert guidance and reliable services.
Benefits:
- Strong research reports and insights.
- Integrated trading and wealth management services.
- Access to IPOs and mutual funds.
- Dedicated customer support.
Fees and Charges:
- Account Opening: Rs. 750
- Equity Delivery: 0.50% of turnover
- Intraday and Futures: 0.05% of turnover
Pros & Cons:
- Pros: Comprehensive research reports, integrated wealth management services, and dedicated customer support.
- Cons: Higher charges for equity delivery and limited educational resources.
18. Geojit Financial Services
Geojit Financial Services: Geojit Financial Services is a well-established demat account provider known for its expertise in the financial market. With an account opening charge of Rs. 500, it offers a range of investment options and personalized services. Geojit Financial Services provides research reports, trading platforms, and investment advisory, making it suitable for investors looking for professional guidance and a comprehensive trading experience.
Benefits:
- User-friendly trading platforms.
- Research recommendations and analysis tools.
- Access to IPOs and mutual funds.
- Dedicated relationship managers.
Fees and Charges:
- Account Opening: Rs. 500
- Equity Delivery: 0.30% of turnover
- Intraday and Futures: 0.03% of turnover
Pros & Cons:
- Pros: Intuitive trading platforms, research support, and dedicated relationship managers.
- Cons: Relatively higher charges for equity delivery and limited educational resources.
19. Reliance Securities
Reliance Securities: Reliance Securities is a reliable demat account provider backed by the renowned Reliance Group. With an account opening charge of Rs. 900, it offers a user-friendly trading platform and access to a wide range of investment options. Reliance Securities provides research reports, market analysis, and dedicated customer support, making it a preferred choice for investors seeking stability and credibility.
Benefits:
- Integrated banking and trading services.
- Access to a wide range of investment options.
- Advanced research and analysis tools.
- Option to invest in IPOs and mutual funds.
Fees and Charges:
- Account Opening: Rs. 900
- Equity Delivery: 0.50% of turnover
- Intraday and Futures: 0.05% of turnover
Pros & Cons:
- Pros: Seamless banking and trading integration, diverse investment options, and advanced research tools.
- Cons: Higher charges for equity delivery and limited customer support.
20. IIFL Securities
IIFL Securities: IIFL Securities is a reputable demat account provider that offers a range of investment services. With an account opening charge of Rs. 750, it provides a seamless trading experience and access to diverse investment products. IIFL Securities offers research reports, expert recommendations, and a user-friendly trading platform, making it suitable for investors looking for a reliable and comprehensive brokerage.
Benefits:
- Comprehensive research reports and insights.
- Integrated trading and wealth management services.
- Access to IPOs and mutual funds.
- Dedicated relationship managers.
Fees and Charges:
- Account Opening: Rs. 750
- Equity Delivery: 0.50% of turnover
- Intraday and Futures: 0.05% of turnover
Pros & Cons:
- Pros: In-depth research reports, integrated wealth management services, and dedicated relationship managers.
- Cons: Higher charges for equity delivery and limited educational resources.
Choosing the right demat account is crucial for your investment journey. The 20 demat accounts mentioned above offer a range of benefits, competitive charges, and diverse features to cater to different investor preferences. It’s essential to evaluate your investment goals, trading frequency, research requirements, and customer support expectations before selecting a demat account.
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