One of the important aspects about investing is to study different companies, their profitability, the cash generating ability, future plans of the companies, etc. It is even more important to choose your Best Demat account in India broker wisely. Demat account broker selection is more important than anything else as it determines the cost that would be paid per transaction or per period, the flexibility to use trade in different shares and securities, the payment cycle, etc.
The account opening and maintenance charges also vary for different demat accounts. So, a well-versed research is advised before selecting the best demat Account in India. Hereby I take an opportunity to provide you a list of the best demat account brokers in India.
Before getting into deep insight, let us discuss what a demat account is. Demat account is a place which holds all the shares and securities electronically. This means that if you buy any share then its details get saved and electronic stock of that share is held in your Demat account for you to refer later. While selling the shares, shares will be picked from the demat account and will be sold in the market. Demat account is like your normal shares account used for dealing in shares and securities.
It is very important to choose the most valuable demat account, in terms of providing insights about the companies before starting the investing in stock market. Here is the list of top 8 best demat account in India as per their rankings. You can go through them and compare with each other and decide which one is the best as per your requirements.
8 BEST DEMAT ACCOUNT IN INDIA – REVIEWED
1. ZERODHA
Zerodha comes at top if we talk about the online discount brokerage in India. It is one of the best demat account in India. It has largest number of active clients in India that proves its popularity. Zerodha was the first to introduce the concept of discount brokerage in India and has grown gradually with time to become the number 1 in India. The charges for intraday and derivative trading are Rs. 20 for every executed order which means whether you trade with amount of Rs. 10,000 or with 1 Crore, the brokerage charges will remain the same. However, it gives you the flexibility to have a reduced brokerage in case the value of the share is quite low. It gives you an additional benefit by charging 0.01% brokerage or Rs. 20 whichever is less. This helps to save on costs for the investor, in case of low-priced securities.
Not only discount brokerage but equity delivery trading is also free of cost with Zerodha. With this, Zerodha has helped in reducing all the obstacles for retail investors in the stock market. Also, Zerodha has a special name in the market for its investor friendly app that gives the investor, the flexibility to trade in shares and securities at their wish. The control to buy and sell is with the investor.
It also provides insights on various companies and provides your timely and regular information about how the stocks in your portfolio are performing.
Check Complete Review For Zerodha Demat Account & Trading Platform.
Demat Account Charges | Rs. 100 |
Demat Maintenance Charges | Rs. 300 per year |
2. 5 PAISA
5 Paisa is part of India Infoline (IIFL) and has introduced a new brokerage model for trading in stock market in India. 5paisa is Mumbai based discount broker in India which is existing for more than 5 years in the Indian Share market. This free demat account provider has grown much in this short span of five years and has secured its position in top 10 best Demat account in India. 5Paisa charges much lesser brokerage rates than the traditional brokers such as ICICI direct, Kotak Securities, and HDFC Securities and hold a position in the list of best demat account in India in the category of lowest brokerage. It offers 2-in-1 Demat and trading account and is the second largest discount broker available in India. However, the Demat Maintenance charges are a little higher as compared to other brokers.
Check Complete Review For 5Paisa Demat Account & Trading Platform.
Demat Account Charges | Rs. 0 |
Demat Maintenance Charges | Rs. 400 per year |
3. UPSTOX
Upstox, which was known by the name RKSV Securities earlier and is considered as one of the best discount brokers in India. It is the best choice for you if you want good trading platforms and low brokerage charges with high margins. The brokerage charges of Upstox are fixed that is Rs. 20 per trade for intraday trading irrespective of the amount with which you want to trade. There is no such advantage to have a reduced brokerage even if the value of the share or security is lower.
The main requirement of trading that is fast and best which is fulfilled by Upstox. All this makes Upstox the best online trading platform in India.
Check Complete Review For Upstox Demat Account & Trading Platform.
Demat Account Charges | Rs. 150 |
Demat Maintenance Charges | Rs. 150 per year |
4. ICICI DIRECT
ICICI Direct is the part of ICICI securities and is another top financial service company in India which allows online stock trading to its customers. The ICICI Demat Account is well known and is considered as best demat account in India. There are many investment options such as institutional and retail clients who are already linked to ICICI Direct or ICICI Bank.
The Demat Account of ICICI is considered to be much better than the other traditional demat accounts in India. It offers its customers to open 3-in-1 demat and trading account, so customers do not need to open separate accounts for trading and fund management. This can be done by single account only. For new small investors, ICICI Direct Demat Account is advantage as it carries away all the worries that customers might have related to fund transfer between bank accounts and trading account. The account opening charges are Rs. 100 and the maintenance charges are Rs. 500.
Demat Account Charges | Rs. 100 |
Demat Maintenance Charges | Rs. 500 per year |
5. SHAREKHAN
Sharekhan is a well known name in India and is a full service broker. It offers online trading, financial advisory and seminars to its investors. There are no account opening charges or any fees for DP transactions with Sharekhan but there are demat account maintenance charges but those are so minimal. It is also one of the best Demat Account in India that provides free Call and Trade facility. Sharekhan offers two types of accounts. First is Classic account which is an online trading account for derivatives and equities preferably for the investors. Another one is Trade Tiger Account which is for those who trade frequently in the trading session during day time.
Demat Account Charges | Rs. 0 |
Demat Maintenance Charges | Rs. 450 per year |
6. KOTAK SECURITIES
Kotak Securities is another full service broker available in India. It also offers the 3-in-1 trading and Demat account to its customers. There are many services available with Kotak services such as Equity F&O, Equity Delivery, Financial Advisory Services, life Insurance, IPO, investment banking and much more. Customers holding demat account with Kotak Securities can trade in every segment of NSE, BSE, and Currency Derivatives; Commodity trading is not available with it. Kotak Securities has many platforms available that can be operated using their demat account such as KEAT Pro X, Kotaksecurities.com, Kotak Stock Trader, and Xtralite.
Demat Account Charges | Rs. 100 |
Demat Maintenance Charges | Rs. 500 per year |
7. INDIABULLS DEMAT ACCOUNT
Indiabulls ventures is a well known full service broker in India that provides demat and trading account in India. The Demat and trading account opening charges of Indiabulls are Rs. 750 and there are no maintenance charges. The demat account holders of Indiabulls Ventures can trade in the segments such as NSE, BSE, MCX, and NCDEX. Indiabulls has a great user friendly mobile app that makes the trading available everywhere and easy for its customers. Also, Indiabulls Ventures have team of very committed relationship managers that support their services very well.
Demat Account Charges | Rs. 750 |
Demat Maintenance Charges | Rs. 0 |
8. ANGEL BROKING
Angel Broking is another big name in the trading industry providing full service brokers. Also, they have PAN India presence. Angel Broking allows you to place order by broker call also, so trading through online account is not necessary. The Demat and trading account opening charges with Angel Broking is Nil. The account lets you trade in segments such as NCEDEX, MCX, BSE, and NSE. Angel Broking provides multiple platforms to perform the trading which includes Angel Swiftland, Angel Eye, Angel SpeedPro, and Angel Lite. ARQ advisory services are also available with Angel Broking. Angel Broking offers various plans that you can choose according to the volume of your trade and brokerage will vary according to that.
Demat Account Charges | Rs. 0 |
Demat Maintenance Charges | Rs. 450 per year |
BEST DEMAT ACCOUNT IN INDIA – COMPARISON TABLE
Below is the table that you can refer to see the opening and maintenance charges of best demat account in India for all of these discussed products:
| Demat Account | Account opening charges | Account maintenance charges |
| Zerodha | 100 | 300 per year |
| 5 Paisa | NIL | 400 per year |
| Upstox | 150 | 150 per year |
| ICICI Direct | 100 | 500 per year |
| Sharekhan | NIL | 450 per year |
| Kotak securities | 100 | 500 per year |
| Indiabulls | 750 | NIL |
| Angel Broking | NIL | 450 per year |
Conclusion
In all there are various brokers who charge less, while others charge more, some provide you flexibility to trade, while others help you via a phone call. Every broker is different in its own way and it may suite some of the people, while others might choose a different broker.
If you go for least fixed cost, Upstox is the cheapest broker. In terms of customer support, I would rate Kotak as the best.
But on an overall basis, in my opinion, Zerodha seems the best because it helps me save a lot in case of low stock shares, instead of paying at a flat rate of Rs.20. Moreover, it provides me the flexibility to trade as and when I want, I can change the prices on the portal itself. Also, the insights provided are based on some well researched facts and helps to study the stock well.