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Best Demat Account In India 2021

Best Demat Account 

Are you just starting out in the stock market?, that’s 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 account in India for 2021 as per your requirement.

Each one will have a different requirements, for example as a beginner one may be interested in opening the demat 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.

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. 

Best Demat Account in India – 2021

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There are various stock brokers offering demat account in India. In this article we bring you the details of top 10 demat account providers of India.
Here is the list of 10 Best Demat Accounts in India,
  1. Zerodha demat account

  2. Upstox demat account

  3. Angel Broking demat account

  4. Motilal Oswal demat account

  5. India Infoline (IIFL) demat account

  6. SAS Online demat accountt

  7. Sharekhan demat account

  8. ICICIDirect demat account

  9. AxisDirect demat account

  10. SBICap Securities demat account

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Demat Account
Brokerage Charges
Click Here To Open Account
Rank
Rs Zero For Delivery; Rs20/trade for all other segments
1
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Rs Zero For Delivery; Rs20/trade for all other segments
2
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Rs Zero For Delivery; Rs20/trade for all other segments
3
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0.5%
4
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0.25%
5
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0.55%
6
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Rs Zero For Delivery; Rs20/trade for all other segments
7
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Rs Zero For Delivery; Rs20/trade for all other segments
8
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Lets have look at details of each one of these popular share brokers with top demat accounts in India in the below section.

#1. Zerodha Demat Account

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
Zerodha comes to the top of our list of best demat account in India 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.

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

  • Educational Initiatives

  • Product Innovations

Zerodha Negatives

  • Call and Trade is Chargeabale

  • Not a 3 in 1 demat account

Zerodha Account Opening Charges

  • Demat account opening charges if opened offline (by submitting forms) – Rs 400

  • Demat account opening charges if opened online – Rs 200

#2. Upstox Demat Account

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Upstox is Mumbai based discount stock broker and currently second largest stock broker of India.
They were earlier known as RKSV Securities based on the name of its founders Ravi Kumar, Raghu Kumar and Srinivas Vishwanath.
Upstox was started almost at the same time as that of Zerodha but they lagged a bit initially in the competition. However in recent past they have covered up the gap, thanks to their aggressive marketing.
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Upstox is backed by some of the well known personalities like Mr.Ratan TATA.

Upstox Account Opening Charges

  • Demat account opening charges – Free

  • Commodity account opening charges – Free

  • Demat account Annual Maintenance Charges (AMC) – Rs 300 per year

Upstox 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)

Upstox Positives

  • Zero brokerage on delivery trades

  • Zero account opening charges

  • Backed by Ratan Tata

#3. Angel Broking Demat Account

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Angel Broking is one of the major stock broker of India with number of clients in excess of 20 lakhs.  It has wider outreach with presence in more than 900 cities and 8500 franchises.
They offer their services in equities, Futures and Options, commodities, currencies ,IPOs, Portfolio Management Services (PMS) and Life Insurance.
They used to follow full srevice broker model till 2019. But due to high competition from brokers such as Zerodha, they have now adopted the discount brokerage model/

Angel Broking Account Opening Charges

  • Demat account opening charges – NIL

  • Trading account opening charges – NIL

  • Demat account Annual Maintenance Charges (AMC) – Free for first year, Rs450 second year onwards

  • Trading account Annual Maintenance Charges (AMC) – NIL

Angel Broking Brokerage Charges

  • Segment                                                                        Brokerage Charges

Equity Delivery                                                        Zero
Equity Intraday                                                     Rs 20/Trade
Equity Futures                                                     Rs 20/Trade
Equity Options                                                     Rs 20/Trade
Currency Fututres                                               Rs 20/Trade

Angel Broking Positives

  • Variety of Investment vehicles

  • Free SMS Advisory

  • Zero account opening charges

Angel Broking Negatives

  • No Brokerage Calculators

  • Not a 3 in 1 demat account