Comparision of Best Demat Accounts in india

  Details of Best Demat Accounts in India

Are you just starting out in the stock market?, thats Good. The first step as you may be already aware is to open a demat account with a reputed stock broker. For that, you need to make a list of best demat accounts providers in India as per your requirement.

Best-Demat-Account-India

Each one will have a different requirements, for example as a beginner one may be interested in opening the account with the broking firm providing lowest brokerage demat account. Or else, probably he/she may also looking for some one who is offering zero account opening charge or lesser Annual Maintenance Charges (AMC). Basically there are two categories of share brokers operating in India namely Discount Brokers and Full service Brokers. If you want to understand each in detail, we suggest you to visit this page.

A word of caution, never and ever open demat account with a broker who is not registered with SEBI. You can easily check whether the broker displayed the registration numbers prominently on his website. 

Read : Benefits of opening a demat account: What are the advantages and disadvantages?

We have written many articles about the demat accounts, in this article we bring you the details of the charges pertaining to some of the top brokers with good track record which may help you in making up your mind.

  1)Zerodha

zero-brokerage-zerodha

Zerodha have taken the brokerage industry by storm through their top notch trading platforms, outstanding customer support and highly competitive brokerage fee structure. Many full service brokers are forced to reduce their brokerage fees due to tough competition from Zerodha. It come to the top of our list solely because of the Zero brokerage charges. Yes, they have scrapped the brokerage charges for all the investments and also for delivery based trades (Intraday and derivative will be charged Rs20/order). Their main business revenue comes from derivatives (futures & Options) and probably because of this they might have decided do away with brokerage for delivery. Hence, Zerodha’s demat account will be best suited for the small investors as they can save on brokerage front. Also it is definitely a good fit for investors interested in doing systematic Investing (SIP) in mutual funds.

Read : Detailed Steps to open an demat account with Zerodha


Demat account opening charges – Rs 300 (one time charge)
Commodity account opening charges – Rs 200 (One time charge)
Demat account Annual Maintenance Charges (AMC) – Rs 300 per year


Zerodha Brokerage Charges:
Equity (Intraday Trading Charges) : Rs 20/trade (Maximum brokerage on pays is capped at Rs20)
Equity (Delivery Charges) : NIL (Rs 0)
Futures : Rs 20/trade (Maximum brokerage on pays is capped at Rs20)
Options : Rs 20/trade (Maximum brokerage on pays is capped at Rs20)


Zerodha Positives :
Outstanding Customer Support
Superior Trading tools
Low Brokerage Charges
60 Day challenge – Get your all your brokerage fee back if you remain profitable in 60 days

Zerodha Negatives :
Call and trade is chargeable

Website: www.zerodha.com


Review : Read the complete details about Zerodha Brokerage Charges here


Zerodha Open online Trading Account Button


  2)Angel Broking

20_off_On_Brokerage-970x250

Angel Broking is one of the major full service stock brokers of India with number of clients in excess of 10 lakhs. It has wider outreach with presence in more than 900 cities and 8500 franchises. As mentioned previously, if you are a novice to investment world, it is advisable to consider angel broking since there is no account opening fees and free SMS advisory services.


Demat account opening charges – NIL
Trading account opening charges – NIL
Demat account Annual Maintenance Charges (AMC) – Varies as per the brokerage plan chosen
Trading account Annual Maintenance Charges (AMC) – NIL


Angel Broking Brokerage Charges:
Equity (Intraday) : 0.0128% to 0.032%
Equity (Delivery) : 0.128% to 0.32%
Futures : 0.0128% to 0.032%
Options : Rs 16/lot to Rs 80/lot


Angel Broking Positives :
Variety of Investment vehicles
Free SMS Advisory
Zero account opening charges

Angel Broking Negatives :
No Brokerage Calculators

Website: www.angelbroking.com


Review : Read the complete details about Angel Broking Brokerage Charges here


open Online trading account with Angel Broking


  3)Motilal Oswal

motilal-oswal-demat-account

Motilal oswal was started by just two people and now it has grown to acquire 7 Lakh+ customers. Their research papers are believed to be of great insight. Again, there is no account opening fee with motilal oswal. Added to that, the first month brokerage charges are also waived off.

Presently the company has more than 1700 business locations with over 7.5 lakh registered customers.

The company spends more than 10% of thier revenue on research and on hiring & training for research. This is the reason people trust their research reports and it had been the main factor which established them as on of the top notch brokerage house with 30 years of wealth creation experience.


Demat account opening charges – NIL
Trading account opening charges – NIL
Demat account Annual Maintenance Charges (AMC) – Rs 450
Trading account Annual Maintenance Charges (AMC) – NIL


Motilal Oswal Brokerage Charges:
Equity (Intraday) : 0.05%
Equity (Delivery) : 0.5%
Futures : 0.05%
Options : Rs 75/lot


Motial Oswal Positives :
Award Winning research reports
Supports more than 60 Banks for fund support
Zero account opening charges
1 month zero brokerage charges

Motilal Oswal Negatives :
It is not a 3-in-1 demat account

Website: www.motilaloswal.com


Review : Read the complete details about Motilal Oswal Brokerage Charges here


open Online trading account with Motilal Oswal


 

  4)ICICDirect

icicidirect logo

ICICIdircet is the brokerage arm of the the biggest private sector bank of India, ICICI Bank. It provides the 3-in-1 account, i.e savings bank account, trading account and demat account are integrated to each other and the transfer of funds is seamless and instantaneous compared to other brokers. But the brokerage charges are on higher side.


Demat account opening charges – Rs 100
Trading account opening charges – Rs 975
Demat account Annual Maintenance Charges (AMC) – Rs500
Trading account Annual Maintenance Charges (AMC) – NIL


ICICIDirect Brokerage Charges:
Equity (Intraday) : 0.275%
Equity (Delivery) : 0.55%
Futures : 0.05%
Options : Rs 95/lot


ICICIDirect Positives :
Poineer in online trading
3-in-1 account
24/7 customer support
ICICIDirect Negative :
Not suitable if one is interested in investing penny stocks
Trading platform is chargable
High Account opening charges

Website: www.icicidirect.com


Review : Read the complete details about ICICIDirect Brokerage Charges here


 

  5)Sharekhan

Sharekhan logoOne can find the sharekhan offices in every corner of India and are famous than any other broker due to their widespread marketing. They provide wide range of services ranging from Equities, Derivatives, Portfolio management service (PMS) etc. BNP Paribas has acquired sharekhan on July 30th 2015 for Rs2,200 Crores. Sharekhan’s trading terminal is called TradeTiger and is considered to be one of the best trading terminal of India.


Trading account opening charges – Rs 750
Demat account opening charges – NIL (Included in the trading account opening charges)
Demat account Annual Maintenance Charges (AMC) – Rs400
Trading account Annual Maintenance Charges (AMC) – NIL


Sharekhan Brokerage Charges:
Equity (Intraday) : 0.1%
Equity (Delivery) : 0.5%
Futures : 0.1%
Options : Rs 100/lot


Sharekhan Positives :
Superb trading terminal
Free Call and trade

Sharekhan Negatives :
Minimum brokerage charges clause make sharekhan’s demat account ill suited for small investors
No 3-in-1 account

Website: www.sharekhan.com


Review : Read the complete details about Sharekhen Brokerage Charges here


 

  6)Axisdirect

Axis-Direct-brokerage-logoAgain in direct competition with ICICI Bank’s ICICIDirect. Those who have savings bank account with Axis bank normally end up with opening the demat account with them. Brokerage commissions are anyway at par with other 3-in-1 brokers.


Trading account opening charges – Rs 900
Demat account opening charges – NIL (Included in the trading account opening charges)
Demat account Annual Maintenance Charges (AMC) – Rs500
Trading account Annual Maintenance Charges (AMC) – NIL


Axisdirect Brokerage Charges:

Equity (Intraday) : 0.05%
Equity (Delivery) : 0.5%
Futures : 0.05%
Options : Rs 100/lot


AxisDirect Positives :
Good NRI Investment solutions
3-in-1 account

AxisDirect Negative :
Trading platform is chargable

Website: www.axisdirect.co.in


Review : Read the complete details about Axisdirect Brokerage Charges here


 

  7)SBICap Securities

Sbicap-securities-logoSBI Cap is from Largest and oldest banks State Bank of India. Shier brokerage charges are on higher side but many investors in India especially the elders prefer to have their demat account opened in a public sector bank rather than private sector bank.


Trading account opening charges – Rs 850
Demat account opening charges – NIL (Included in the trading account opening charges)
Demat account Annual Maintenance Charges (AMC) – Rs350
Trading account Annual Maintenance Charges (AMC) – NIL


SBICAP Brokerage Charges:

Equity (Intraday) : 0.05%
Equity (Delivery) : 0.5%
Futures : 0.05%
Options : Rs 30/lot


SBICAP Positives :
Backed by SBI – Biggest Indian Bank
3-in-1 account for seamless fund transfer
Options brokerage is comparatively cheaper.

SBICAP Negatives :
Call and trade is chargeble

Website: www.sbismart.com


Review : Read the complete details about SBICAP Brokerage Charges here


 

  Procudure to open online demat account

Basically you will need the following documents to open the demat account with any stock brokers of India. 

  • PAN Card (Mandatory)
  • Proof of Indentity
  • Proof of Address

Nowadays, some of the Stock brokers have started opening the online demat account for free within one hour. All one need to do is to upload the scanned copy of the above documents (for KYC purpose) and your demat account will be opened and operational.

You can read more about the detailed procedure on how to open the Demat account in this article

  Conclusion

But please do remember that , demat account is just one part of your investment and the charges associated with it is very minimal when you compare with the gains that possible through investment in the capital markets.

Off course, the above statement does not hold good if you are trader who trades very often and small fees and taxes will quickly add up to your losses. In such case, one should definitely consider discount brokers who are best suited for trading intraday and F&O.

Read : Discount brokers of India through whom you can reduce your brokerage charges drastically

And also keep in mind to open the demat account with only the reputed and registered brokers. If you are not aware, recently there was case of a broker going bankrupt and investors lost money.


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Read :  Unicorn Securities goes Bankrupt : How to be alert about your Stock broker?

  Sharing is Definitely Caring

As they say, there is no single best demat account for every one. India is a diverse country and so are the requirements. That is the reason for existence of multiple brokers in our country with various schemes and brokerage structure. Hope this article helped you to compare plus and minus of some of the leading demat account providers.

And oh yes!, consider sharing this post with your family and friends through the social button on your left/below.

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