Hello Guys, if you have come here looking for Best Demat Account in India, then you have come to the right place. Today I will tell you about the top 10 Best Demat Account in India with the help of this article. Let me tell you that you can also make long term investments in these Best Demat Accounts.
1. Zerodha
Zerodha is one of the largest discount brokers established in the year 2010 by Nithin Kamath, Nikhil Kamath, Dr.Kailash Nadhhaving. It has more than Over 1.5 lakh trading customers with the average daily trading transaction of over Rs 10,000 crore. Zerodha has the largest number of active clients in India that proves its popularity and it was the first to introduce the concept of the discount brokerage in India and has grown gradually with time to become the number 1 in India.
Zerodha Brokerage Structure:
| Segment | Zerodha Brokerage Charges |
| Equity Intraday | Rs 20/order or 0.01% whichever is lower |
| Equity Delivery | No Brokerage |
| Equity Futures | Rs 20/order or 0.01% whichever is lower |
| Equity Options | Rs 20/order |
| Currency Futures | Rs 20/order or 0.01% whichever is lower |
| Currency Options | Rs 20/order or 0.01% whichever is lower |
| Commodities | Rs 20/order or 0.01% whichever is lower |
Zerodha Account Opening and AMC Charges:
- Charges Of Trading Account Opening (One time): Nil
- Charges Of Trading Account Maintenance: Rs 0
- Charges Of Demat Account Opening (One time): Rs 300
- Charges Of Demat Account Maintenance (AMC) : Rs 300 per year
Pros
- Delivery based trades are free and ₹20/trades in other segments.
- India’s first discount broker and with the highest no. of customers.
- Initiated to educate general investors through open platform Zerodha Varsity
- State of the art business platforms such as Zerodha Kite
- The new direct mutual fund investment platform called Sikka
Cons
- Call and trade is charged at Rs 20
- 3 in 1 Demat account possible only if you have IDFC first bank saving account.
2. 5 Paisa
5 Paisa broking house is known as one of the fastest-growing & provides one of the lowest brokerages in the industry which is established in the year 2016. 5 Paisa is part of India Infoline (IIFL) and has introduced a new brokerage model for trading in the 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 and The CEO of the company is Prakash Gagdani.
3. Upstox
Upstox is one of the best discount brokers in India and 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 which is Rs. 20 per trade for intraday trading irrespective of the amount with which you want to trade. One must open your account with Upstox If you are looking for low brokerages, high margins, and good trading platforms.
Upstox Brokerage Structure
| Segment | Upstox Brokerage Charges |
| Equity Intraday | Rs 20/order or 0.01% whichever is lower |
| Equity Delivery | No Brokerage |
| Equity Futures | Rs 20/order or 0.01% whichever is lower |
| Equity Options | Rs 20/order |
| Currency Futures | Rs 20/order or 0.01% whichever is lower |
| Currency Options | Rs 20/order or 0.01% whichever is lower |
| Commodities | Rs 20/order or 0.01% whichever is lower |
Upstox Account Opening and AMC Charges:
- Charges Of Trading Account Opening : Fee
- Charges Of Trading Account Maintenance : Rs 0
- Charges Of Demat Account Opening : Free
Pros
- The commission is zero on delivery trades
- Demat account is free and less annual maintenance charges
- ₹20/trade for non-delivery trades
- Mr. Ratan Tata liked this
- Superior trading platform Upstox pro
Cons
- Pricing is same as Zerodha
- Chargeable call and trade
- 3-in-1 demat account possibel only if you have IndusInd bank Savings account
4. ICICI Direct
ICICI direct is one the largest share brokerage company having more than 20 lakh customers established in the year 1994. ICICI Direct provides a wide range of services and investment options which includes mutual funds, SIP, IPO, NCD & bonds, ETF and currency, Wealth products, Investment in equities, derivatives, Home loans & loans against securities. ICICI Direct 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.
ICICI Direct Brokerage Structure
1) I – Secure Plan:
| Turnover per Quarter | Delivery Brokerage | Intraday Brokerage |
| NA | 0.55% | 0.275% |
2) I – Saver Plan:
| Turnover per Quarter | Delivery Brokerage | Intraday Brokerage |
| Rs 5Cr.+ | 0.25% | 0.125% |
| Rs 2 Cr. to 5 Cr. | 0.30% | 0.15% |
| Rs 1 Cr. to 2 Cr. | 0.35% | 0.175% |
| Rs 50 lakh to 1 Cr. | 0.45% | 0.225% |
| Rs 25 Lakh to 50 Lakh | 0.55% | 0.275% |
| Less than 25Lakh | 0.75% | 0.375 |
3) Pre-Paid brokerage Plan
| Upfront Brokerage | Delivery Brokerage | Intraday Brokerage |
| Rs 10,000 | 0.45% | 0.045% |
| Rs 25,000 | 0.35% | 0.035% |
| Rs 50,000 | 0.30% | 0.030% |
| Rs 75,000 | 0.25% | 0.025% |
| Rs 1,00,000 | 0.20% | 0.020% |
| Rs 2,00,000 | 0.15% | 0.015% |
| Rs, 3,00,000 | 0.12% | 0.012% |
ICICI Direct Account Opening and AMC Charges:
Charges Of Trading Account Opening: Rs 975
Charges Of Demat Account Maintenance : Rs 700 per year
Pros
- 3-in-1 Demat Account, Easy Flow of Money
- One of the most prestigious names in the brokerage industry.
- One-stop solution and insurance of all investments
Cons
- The minimum brokerage clause makes it small and expensive
- The mobile app is not very good
- Before that, No brokerage calculator is provided
5. Sharekhan
Sharekhan is one of the largest full-service broker based out of Mumbai founded by Shripal Morakhia, with over 1.4 million client base 2000. It offers financial advisory, online trading, and seminars to its investors. Sharekhan offers two types of accounts:
- The classic account is an online trading account for derivatives and equities preferably for the investors.
- Trade Tiger Account is for those who trade frequently in the trading session during day time.
Sharekhan Brokerage Structure
| Segment | Sharekhan Brokerage Charges |
| Equity Intraday | 0.1% on both buy and Sell (min5P/share) |
| Equity Delivery | 0.5% on both buy and Sell (min10P/share) |
| Equity Futures | 0.1% |
| Equity Options | Rs 100/lot or 2.5% of premium whichever is higher |
| Currency Futures | 0.1% |
| Currency Options | Rs 30/lot or 2.5% of premium whichever is higher |
| Commodities | 0.1% |
Sharekhan Account Opening and AMC Charges:
- Charges Of Trading and Demat Account Opening: Zero
- Charges Of Demat Account Maintenance (AMC): Nil for rst year and Rs400 from second year onwards
Pros
- Sharekhan 3 does not leave 1 Demat account
- Space is not available after business hours
- Minimum brokerage clause which charges 10 / paise per share because of this it is not suited to trade in stocks that trade below20 rupees
- Service brokers like Angel Broking and Motilal Oswal
- Commodity trading service is not offered to classic account holders
- Brokerage fee is very high as compared to other complete
Cons
- Call and trade are completely free.
- Sharekhan leaves for one of the nest trading platforms (Trade Tiger) free.
- Online classroom session for beginners and advance traders free
- Wide reach all over India and accessible in all major cities
- There is no charge for a trading account and fund transfer from banks another way round
- Availability of prepaid brokerage schemes to reduce brokerage Dispatch
6. KOTAK SECURITIES
Kotak Securities is known for its unorthodox approach to embracing new technologies and ideas over the past few years. There are many services available with Kotak services such as Equity F&O, Equity Delivery, Financial Advisory Services, Life Insurance, IPO, investment banking and customers holding Demat account with Kotak Securities can trade in every segment of NSE, BSE, and Currency Derivatives. The Demat account is available such as KEAT Pro X, Kotaksecurities.com, Kotak Stock Trader, and Xtralite.
Kotak Brokerage Structure
Delivery Trading
| Monthly Volume | Brokerage Charges |
| Less than 1 Lakh | 0.59% |
| 1-5 Lakh | 0.55% |
| 5-10 Lakh | 0.45% |
| 10-20 Lakh | 0.36% |
| 20-60 Lakh | 0.27% |
| 60 Lakh – 2 crores | 0.23% |
| Greater than 2 crores | 0.18% |
Intraday Trading
| Less than 25 Lakhs | 0.06% |
| 25 Lakhs- 2 Crores | 0.05% |
| 2 Crores – 5 Crores | 0.04% |
| More than 5 Crores | 0.03% |
Kotak Securities Demat Account Opening and AMC Charges:
- Charges Of Trading Account Opening: Rs 750
- Charges Of Demat Account Maintenance : Rs 50 per month
Pros
- They leave a 3-in-1 Demat account that enables seamless transfer Wealth
- All investment avenues under one roof
- Provision for slow trading above and above the equivalent trading platform Internet connection.
- Online chat with the support team
Cons
- No support for commodity segment
- The brokerage fee is higher as compared to another complete Service broker
7. ANGEL BROKING
Angel broking is one of the oldest brokerage companies in India established in the year 1987 by Dinesh Thakkar. 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 vary according to needs and the Demat and trading account opening charges with Angel Broking is Nil.
Angel Broking Brokerage Structure
| Segment | Angel Classic | Angel Preferred |
| Margin Amount | Rs 10,000- Rs 24,999 | Rs 25,000 – Rs 49,999 |
| Equity Delivery | 0.32% | 0.224% |
| Equity Intraday | 0.032% | 0.0224% |
| Equity Futures | 0.032% | 0.0224% |
| Nifty Options | Rs 40/lot | Rs 32/lot |
| Other Options | Rs 80/lot | Rs 64/lot |
| Currency Options | Rs 6.4/lot | Rs 5.6/lot |
| Currency Futures | 0.160% 0. | 0112% |
| Commodities | 0.0184% | 0.0152% |
| Segment | Angel Premier | Angel Elite |
| Margin Amount | Rs 50,000- Rs 99,999 | Rs 1,00,000 and more |
| Equity Delivery | 0.176% | 0.128% |
| Equity Intraday | 0.0176% | 0.0128% |
| Equity Futures | 0.0176% | 0.0128% |
| Nifty Options | Rs 24/lot | Rs 16/lot |
| Other Options | Rs 48/lot | Rs 32/lot |
| Currency Options | Rs 4.8/lot | Rs 3.2/lot |
| Currency Futures | 0.088% | 0.008% |
| Commodities | 0.012% | 0.0088% |
Angel Broking Demat account Opening and AMC Charges:
- Angel Classic: Rs 450/year
- Angel Preferred: Zero for the first year and Rs 450/year second year onwards
- Angel Premier: Zero for first two years and Rs 450/year third year onwards
- Angel Elite: Zero for first three year and Rs 450/year fourth year onwards
Pros
- New investment vehicle based on Artificial Intelligence (ARQ)
- One of the most trusted brands in India
- A good team of research analysts provides research reports and suggestions
- Advanced Trading Platform
- A large network of sub-brokers and franchisees
Cons
- The minimum brokerage fee is 30 rupees irrespective of size Investment
- Any brokerage calculator was available with discount brokers.
8. Motilal Oswal
Motilal Oswal Securities Ltd. is a Mumbai based company established in 1987 founded by Motilal Oswal, Raamdeo Agrawal. The company provides a huge number of services such as institutional broking, asset management, investment banking, private equity, commodity broking, currency broking, private wealth management, retail broking, and distribution, principal strategies & home finance. The Full-Service broker-client includes retail customers, mutual funds, and foreign institutional investors, financial and corporate clients. They have a large number of customers and a team of approx. 2200 employees.
Motilal Oswal Brokerage Structure
| Segment | Motilal Oswal Brokerage |
| Equity Delivery | 0.5% |
| Equity Intraday | 0.05% |
| Equity Futures | 0.05% |
| Equity Options | Rs 75/lot |
Motilal Oswal Account Opening and AMC Charges:
- Charges Of Trading Account Opening (One time): NIL
- Charges Of Demat Account Opening (One time): NIL
- Charges Of Trading Account Maintenance: NIL
- Charges Of Demat Account Maintenance (AMC) : Rs 441
Pros
- Good trading platform and useful for all types of traders
- One of the established brokerage houses of India
- A large number of franchise networks
- Fund transfer facility with more than 60 banks
Cons
- Numerous complaints surrounding hidden allegations, not explained by Sales person during the account opening.
- Stock recommendations are not up to the mark.
9. Edelweiss
Edelweiss Broking Ltd is a very well-known and leading group in the financial sector. They have a mid-sized retail broking business with a client base of 5 lakh plus established in the year 2008 by Rashesh Shah. Edelweiss is a financial service providing firm located in Mumbai, India. The company not only providing broking services but also offer investment advisories to the clients to gain from the stock market opportunities and make a good relationship with all of them.
10. Karvy
Karvy is one of the well-known brokerage firms is based out of Hyderabad established in the year 1983 by C Parthasarathy. The biggest stockbroking firms provide core financial services to the customers. The company provides the entire spectrum of financial services with data processing and managing systems. The requirement of building skills, as well as scale in the transaction processing area, became extremely important since the company’s most of the financial services were custom-made for retail businesses.
Conclusion
So friends, these were some of the top 10 Best Demat Account in India about which I wanted to tell you. I hope that this article will be helpful for you and you will have got a Best Demat Account in India.