Best Demat Account in India

 Best Demat Accounts in India

Let’s discuss the detailed overview of the best Demat account apps and web platforms, including their features, charges, and brokerage:

1. Zerodha

Zerodha was founded in 2010 and has grown to become one of India’s largest discount brokers. 

Charges:

Account Opening Fee: Rs. 0

AMC: Rs. 0 for holding value up to Rs. 4,00,000,

 Rs. 100 +18% GST/year for holding value up to Rs. 4,00,000 to Rs. 10,00,000, 

Rs. 300+18% GST/year for holding value above Rs.10,00,000

Brokerage:

Rs. 20 or 0.03% per order for intraday (whichever is lower)

Rs. 20 or 0.03% for Futures (whichever is lower) and Rs. 20 per order for Options 

It’s free for equity delivery.

2. Rupeezy

Rupeezy is a brokerage firm that has been in business since the year 2005. 

Charges: 

Account Opening Fee: Rs. 0

AMC: Rs 0

Brokerage: 

Rs. 20 or 0.03% per order for intraday trading (whichever is lower)

0.2% on MTF for equity delivery.

Rs. 20 per order in Futures and Options Contract.

It's free for equity delivery. 

3. Upstox

Founded in the year 2009, Upstox is another leading discount broker in India 

Charges:

Account Opening Fee: Rs. 0

AMC: Maintenance charges of Rs. 150+GST is applicable only for those accounts opened before Aug 2021. 

Accounts opened post this period have Rs. 0 AMC.

Brokerage: 

Rs. 20 or 0.05% per order in intraday. (whichever is lower)

Rs. 20 or 0.05% per order on Futures (whichever is lower) and Rs. 20 per order for Options.

Rs. 20 or 2.5% on Equity Delivery. (whichever is lower)

4. Angel One (Angel Broking)

Angel Broking and is one of the oldest brokerage firms in India. The firm has a user-friendly app and a web platform to easily provide features like portfolio tracking, instant fund transfers, and also market alerts.

Charges:

Account Opening Fee: Rs. 0

AMC: From 2nd Year onward Non-BSDA Clients Rs. 20 + Tax / Month 

 BSDA (Basic Services Demat Account)

 Holding Value is Less Than Rs. 50,000 the brokerage is Rs. 0 

Holding Value Between Rs. 50,000 To Rs.2,00,000 the brokerage is Rs.100 + Tax / Year

Brokerage: 

Rs. 0 brokerage up to Rs. 500 for the first 30 days. 

After 30 days, a lower of Rs. 20 or 0.03% per executed order will be charged for intraday trading.

Rs. 0 for Stock investment delivery.

Rs. 0 brokerage up to Rs.500 for the first 30 days, After 30 days, 

it is Rs. 20 per executed order for Futures and options

5. 5 Paisa

Charges:

Account Opening Fee: Rs. 0

AMC: Rs. 25 per month + 18% GST

Brokerage: 

For all the segments they charge a flat fee of Rs. 20 per executed order 

Rs. 322 per crore per executed order for intraday trading.

Rs. 322 per crore for Stock investment Delivery.

Rs. 190 per crore per order for Futures and 0.05% or Rs. 5000 per crore for options.

6. ICICI Direct

It is one of India’s most full-service brokers, it offers its customers a 3-in-1 service, including banking, trading, and investing. 

Charges:

Account Opening Fee: Rs. 0 for a regular demat account.

AMC: Rs. 700/year, ICICI direct customers for the first year Free 

Brokerage: 

For Intraday Trading: Amounts up to Rs. 50,000 is Rs. 25 or 2.5% (whichever is lower) and for amounts exceeding Rs. 50,000 is 0.05%

0.05% per order on Futures and Rs. 95 per contract lot for Options.

0.55% on Equity Delivery. 

7. HDFC Securities

HDFC Securities is one of the leading full-service brokerage in India. It is backed by HDFC Bank which is the largest private sector bank in India. 

Charges:

Account Opening Fee: Rs. 0.

AMC: Rs. 300 to Rs. 800 per year, depending on the plan.

Brokerage: 

Rs. 25 for equity delivery.

0.05% or Rs. 25 per order for buy/sell in the futures market

Rs. 100 per lot on both buy/sell for options trading.

8. Kotak Securities

It is a full-service brokerage app that provides a wide variety of financial services. It is backed by Kotak Mahindra Bank, one of the country's leading private banks. 

Even they provide 3-in-1 account services such as banking, trading, and investing under one account to monitor all the financial activities seamlessly.

Charges:

Account Opening Fee: Rs. 0

AMC: If the holding value is less than or equal to Rs. 4,00,000 there will be No AMC charged. 

4,00,000 to Rs. 10 lacs they charge Rs. 100 AMC.

 Rs. 10 lacs + the account gets converted into non-BSDA & Rs. 50 per month"

Brokerage: 

Rs. 0 per executed order for intraday trading.

0.25% for Stock investment Delivery.

Rs. 20 per order per executed order for Futures and options.