Top 10 Demat Accounts in India [Lowest Brokerage Charges]
A Demat account was created to eliminate the time-consuming and inconvenient procedure of purchasing and selling shares through the paperwork. A Demat account dematerializes shares and securities, allowing them to be held electronically and exchanged digitally from any location. It also decreases the danger of fraud or theft associated with paperwork-based transactions. If you want to start investing, you need to open a Demat account. Check out this list of 10 best Demat accounts in India of 2023 with their features, pros, cons and price. Read on!
List of Top 10 Demat Accounts in India in 2023
1. Axis Direct Demat Account
Over 2 million clients trust Axis Direct Demat Account. They provide you with a variety of investment choices as well as effective market research tools to aid you in your decision-making. It’s great for those who wish to master the fundamentals of trading. Axis Direct’s 3-in-1 account includes free-market analytics insights from specialists as well as learning tools for beginners.
Features
- Banking, trading, and Demat all in one account.
- Getting advice from professionals in the field of research.
- Allows you to trade stocks, mutual funds, bonds, derivatives, ETFs, and other financial instruments.
- Webinars, online courses, and expert articles are all examples of educational resources.
Pros
- For the first year, there are no account maintenance fees.
- Experts conducted market research, which was made available for free.
- Beginner’s educational resources.
Cons
- Non-Axis Bank customers face exorbitant account management fees.
Price
- Axis bank users pay INR 750 each year in account maintenance fees (Free for the first year)
- Non-Axis Bank account maintenance charges: INR 2500 per annually INR 20 per executed order brokerage fee
2. SAS Online
SAS Online is a trading platform that provides you with a sophisticated programme that allows you to purchase or sell instantaneously, allowing you to profit from market swings to the fullest extent possible. This is the best option for active traders. For aggressive traders, SAS Online is a viable solution. It provides you with low-cost trading alternatives as well as some unique features. This is the greatest option for active traders.
Features
- There are over 300 stocks to choose from.
- Allows you to purchase delivery for up to four times the amount of your order.
- Provides you with the most recent market news and updates.
- Allows you to buy or sell something right away.
Pros
- Reduces the cost of trading.
- Expert advisors and market scanners
- Trading in real-time.
Cons
- There will be no commodity trading.
- Customer service is solely available via email.
Price
- 999 rupees per month or 9 rupees per trade
- Demat account administration fees are Rs. 200 per annum (+GST) and Rs. 200 for account opening fees.
3. SBICAP Securities Demat Account
SBICAP Securities Demat Account is an online and mobile-based trading platform that provides educational resources and market analysis tools to assist you make informed investment decisions. The best for trading advice. The best for trading advice. SBICAP Securities Demat Account is a subsidiary of the renowned and dependable SBI group. Their instructional features, market statistics, and trading recommendations justify the app’s designation as India’s top Demat account.
Features
- Educational resources are available.
- Tools for market research.
- Exchange equities, currencies, and other assets.
- Stock-trading recommendations.
- A relationship manager who is dedicated.
Pros
- Resources for education
- Market research
- Advice on trading
- Relationship manager with a specific focus
Cons
- Account opening fees of INR 850
Price
- The one-time pricing for account opening is INR 850/-
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4. ICICI Direct Demat Account
The ICICI Direct Demat Account is a digital platform that allows you to invest in both the domestic and worldwide markets. You can trade stocks, mutual funds, fractional shares, and a variety of other assets. ICICI Direct Demat Account provides market knowledge to assist you in investing, as well as the ability to trade fractional shares of the worldwide market. Best for providing a three-in-one account.
Features
- Allows you to trade stocks, mutual funds, currencies, initial public offerings (IPOs), commodities, and more.
- Get market research and market insights.
- Material for learning.
- Invest in global market fractional shares.
- Get a three-in-one account that includes banking, trading, and a Demat account.
Pros
- Shares that are fractional.
- There is no requirement for a minimum balance.
- Invest in international stocks.
Cons
- Small investors face high brokerage fees.
Price
- The rate of return on margin funding begins at 8.9% per year.
- brokerage fee of 35 rupees for each order
5. Kotak Securities Demat Account
Over 20 million people use Kotak Securities Demat Account. It provides you with a three-in-one account, market analysis tools, and trading advice. The best option for constructing a low-cost portfolio. Because of the learning resources and the option to invest in small cases, Kotak Securities may be an appropriate solution for people who want to invest with a small amount of money or for beginners.
Features
- Market research and suggestions
- Your Savings, Trading and Demat accounts are all integrated into one account.
- Margin trading is a method of trading with a little amount of money.
- Build a low-cost portfolio by investing in tiny cases.
Pros
- 3-in-1 market study account
- Small investors will benefit from this.
- Investment on a global scale
Cons
- Brokerage fees are on the higher side.
- Equity delivery: 0.25%
- Equity Intraday: Free of cost
- Equity futures: INR 20 per trade
- Equity options: INR 20 per trade
- Currency futures: INR 20 per trade
- Currency options: INR 20 per trade
- Commodity futures: INR 20 per trade
- Commodity options: INR 20 per trade
6. HDFC Securities Demat Account
HDFC Securities Demat Account is a 20-year-old trading services provider that allows you to trade digitally, saving you time and effort in the process. This is the best option for an offline advice feature. HDFC Securities Demat Account is a one-stop-shop for all of your trading needs. You can trade Indian and international equities, as well as get customer service 24 hours a day, seven days a week.
Features
- Margin trading is a term that refers to the practice of trading
- Tools for market research
- Exchange currencies, commodities, initial public offerings (IPOs), stocks, mutual funds, and more.
- Global investment opportunities are available.
- Place orders over the phone.
Pros
- Customer service is available 24/7.
- Stocks in the United States to Invest in Market Research Tools
- Portfolio management tools
Cons
- In comparison to the alternatives, there are high Demat Account management fees.
- There will be no commodity trading.
Price
- The price plans range from Rs. 1500 to Rs. 1,00,000 per year.
7. Zerodha Demat Account
With over 5 million customers, Zerodha is India’s one of the best Demat accounts. It provides you with a trading and depository account, as well as market data and comprehensive charting to assist you in making informed investment decisions. Zerodha offers all you need in a Demat account. The market research instruments are commendable.
Features
- To aid you in trading, market research data and advanced charts are available.
- You may learn about trading with the Zerodha Varsity smartphone app.
- You can create your own trading platform using this tool.
- You can trade mutual funds directly through the Coin by Zerodha app.
Pros
- Tools for market research that are of high quality.
- You have the option of creating your own trading platform.
- Fees that are reasonable.
- App for learning.
Cons
- Only the Indian market is covered.
- No investor protection.
Price
- Account opening fees are INR 200.
- For equities delivery, there are no brokerage fees.
8. Upstox Demat Account
With a Upstox Demat Account, you can trade stocks, mutual funds, digital gold, futures, and more using a digital account. The software also assists you in making smarter judgments by offering market data in the form of charts. The best option for avoiding excessive brokerage fees. Upstox is one of the most secure trading apps available. Upstox offers zero-commission trading, which is a significant benefit.
Features
- A demat account that is paperless and digital.
- Get real-time updates on the trading market.
- You’ll just need one account to handle and track your stocks and mutual funds.
- It’s a simple process to open a bank account.
- Allows you to buy and sell digital gold.
Pros
- Investing with no commissions.
- You can start investing with as little as one rupee.
- You can trade from anywhere in the world.
Cons
- Some consumers have expressed their dissatisfaction with market crashes caused by large market swings.
Price
- All Intraday & F&O, Currencies & Commodity Orders are charged 0.05 percent or up to INR 20 for all Intraday & F&O
- Currencies & Commodity Orders are charged 0.05 percent or up to INR 20 for all Intraday & F&O
- Currencies & Commodity Orders are charged 0.05 percent or up to rupee
9. IIFL Demat Account
IIFL Demat Account has a 25-year track record in the market. It allows you to open a Demat account for free and provides market analysis tools, allowing you to invest when you are well informed about market movements. Best for trading at a low cost. IIFL Demat Account includes a number of appealing benefits for its customers. Price alerts and portfolio analysis software can be extremely useful.
Features
- Market research that is in-depth.
- Portfolio management is a term that refers to the process of
- Trade stocks, currencies, initial public offerings (IPOs), mutual funds, commodities, and more.
- On your mobile app, you can get price notifications, trading ideas, market news, and more.
Pros
- No charges for opening a Demat account with IIFL.
- Alerts on price changes.
- Tools for research and analysis.
Cons
- Brokerage fees are said to be higher than in other cases.
Price
- Intraday, F&O, Currency, and commodities orders cost INR 20 each.
- Account maintenance fees are 450 INR per year (Free for the first year)
- The account opening charge is INR 295.
- For the rest of your life, you can use rupee0 as a delivery brokerage.
Sharekhan Demat Account is an all-in-one trading platform with learning, portfolio management, market research, and other features. Beginners and professional traders both will benefit from this strategy. If you’re looking for the greatest trading account, Sharekhan could be a great choice. It allows you to trade stocks, bonds, mutual funds, and a variety of other assets. You can also hire professionals to manage and rebalance your portfolio.
Features
- Audio and video clips to help you understand market trends.
- Expert market forecasts.
- Learning aids
- Portfolio management services are available.
- You can trade stocks, bonds, mutual funds, ETFs, FX, futures, and options with this platform.
Pros
- Notifies you when your preferred stocks’ prices change.
- Customer service is available around the clock.
- There is no requirement for a minimum deposit.
- Expert portfolio rebalancing.
Cons
- When it comes to the account opening process, it takes time.
Price
- The Demat Account has an annual maintenance fee of INR 400. (For the first year, it’s free.)
- For each intraday transaction, the brokerage fee is 3 paise per 100 paise.
- Delivery is 30 paise per 100 paise.
Final Word
Demat accounts have helped people to save time by allowing them to trade digitally without having to deal with time-consuming paperwork. The best demat accounts in India are Upstox and Zerodha. In unpredictable market situations, the ability to buy and sell instantly might result in significant profits. When choosing a Demat account, a newbie should search for features such as learning materials and expert advice. The brokerage should be as low as feasible per executed order.
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This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.
