Best demat account in india || Zerodha Demat Account

There are several stock brokers available to open a best demat account in india. In this blog, you will find comparisons among some of the best stock brokers. This will give you concise and effective knowledge to make your own decision about the best demat account.

“Financial freedom is available to those who learn about it and work for it.” – Robert Kiyosaki

List of Contents:-

1. Factors you must consider when choosing the best stock broker
2. Comparison among stock brokers
3. Tools offered by several brokers
4. Conclusion

Read also: Benefits of investing in stock market

Factors you must consider when choosing the best stock broker:-

The following factors should be taken into account when choosing best demat account in India:

• An investor education program by the broker
• Zero or low account opening charge
• Zero or low account maintenance charge (AMC)
• Low cost of brokerage per executed order
• A simple trading platform
• Simultaneously use on web and mobile app
• Availability of direct mutual funds and IPOs

Comparison among stock brokers:

There has been a significant boom in the stock market since the Covid – 19, and it is continually increasing. Stock market investing is becoming more popular among individuals. In turn, this leads to an increase in the number of demat accounts opened. There are several stock brokers available in India. The best one for you will entirely depend on your individual needs and preferences. Some popular options include Zerodha, Upstox, Angel One, Groww, etc.

Below is a list of the best brokers in India for beginners. This list compares the top 6 stockbrokers.

Best Demat Account for Beginners in India 2023

S. N.	Charges	Zerodha	Upstox	Angel One	Groww	Sherkhan	Motilal Oswal
1	Account opening charges	200Rs	200Rs	Nil	Nil	Nil	Nil
2	Annual Maintenance Charges	300RS	Nil	Nil	Nil	Rs 400 (free for the 1st year)	Free for the 1st year
3	Equity Delivery Trades	0	Rs 20 or 2.5% (whichever is lower)	0	Rs 20 or 0.05% (whichever is lower)	0.50% (min. 10 paisa)	0.2%
4	Equity Intraday Trades	Rs 20 or 0.03% (whichever is lower)	Rs 20 or 0.05% (whichever is lower)	Rs 20/executed order or 0.25% (whichever is lower)	Rs 20 or 0.05% (whichever is lower)	0.10% on both the 1st leg and the 2nd leg	0.02% per executed order
5	Equity Futures	0.03% or Rs 20/executed order (whichever is lower)	Rs 20/ executed order	Rs 20/executed order or 0.25% (whichever is lower)	Rs 20/ executed order	0.10% on the 1st leg and 0.02% on the 2nd leg	0.02%/ per executed order
6	Equity Options	flat Rs. 20 per executed order	Rs 20/ executed order	Rs 20/executed order or 0.25% (whichever is lower)	Rs 20/ executed order	Rs 100 per lot or 2.5% (whichever is higher)	Rs 20/ Lot
7	Currency Futures	0.03% or Rs 20/ executed order (whichever is lower)	Rs 20/ executed order	Rs 20/executed order or 0.25% (whichever is lower)	Rs 20/ executed order	Rs 30 per lot or 2.5% (whichever is higher)	Rs 20/ Lot
8	Currency Options	flat Rs. 20 per executed order	Rs 20/ executed order	Rs 20/executed order or 0.25% (whichever is lower)	Rs 20/ executed order	Rs 30 per lot or 2.5% (whichever is higher)	Rs 20/ Lot
9	Commodity Futures	0.03% or Rs 20/ executed order (whichever is lower)	Rs 20/ executed order	Rs 20/executed order or 0.25% (whichever is lower)	Rs 20/ executed order	0.03%	0.02% per executed order
10	Commodity Options	flat Rs. 20 per executed order	Rs 20/ executed order	Rs 20/executed order or 0.25% (whichever is lower)	Rs 20/ executed order	0.03%	Rs 200/ Lot
11	IPO	Nil	Nil	Nil	Nil	Nil	Nil

It’s important to do your own research and compare the fees, features, and user interface of each platform before deciding best demat account in india according to your need.

Note:- These charges are subject to change. Please check the official website of each trading platform for the most current information.

Tools offered by several brokers:

1) Zerodha-

Kite 3.0 = Web-based trading platform and app
Varsity = Finance Education 

Coin = Mutual fund
Smallcase = Thematic investment platform 
Streak = Algo & strategy platform

Sensibull = Option trading platform GoldenPi = Bonds trading platform
To open zerodha account :- Click here

2) Upstox

Upstox Pro = Web-based trading platform and app.

3) Angel One

Angel One = Web-based trading platform and app

Angel Speed Pro = Trading Software

4) Groww

Groww = Web-based trading platform and app

5) Sherkhan

Sherkhan = Web based trading platform and app
Trade Tiger = web-based, desktop trading platform

6) Motilal oswal

MO Trader = Web-based trading platform and app

Read also: Best stock market books

Conclusion:

Zerodha demat account is the best demat account in India and perfect way for beginners to start their financial journey. It provides simple and easy-to-understand charts, order placement, market watch, and much more.

I hope you enjoyed reading this. Please share it with other and do comment!

Read also: What is intraday trading?