Best Demat Account For Long Term Investment

Looking for the Best Demat Account For Long Term Investment? Start your investment journey with the 20 Best Demat Accounts in India for Beginners. 

Best Demat Account For Long Term Investment

Best Demat Account For Long Term Investment

1. Paytm Demat Account :

Paytm Money exclusively offers direct plans for mutual funds, allowing investors to save on the expense ratio compared to regular plans. Immediate plans typically have a lower expense ratio, leading to higher returns over time. Moreover, Paytm Money does not charge transaction fees for buying or selling mutual funds, making it a cost-effective option for investors. You can also check some of the best options available for mutual funds.

2. Zerodha :

A well-known discount broker, Zerodha provides a variety of trading and demat account creation services. Positive feedback, an easy-to-use interface, reasonable brokerage costs, an extensive selection of investment options, and useful features like advanced charting tools, order kinds, and technical indicators make it the greatest option overall for everyone.

3. Best For Foreign Stocks: Aditya Birla Capital :

Aditya Birla Capital provides a range of trading and demat account opening services, just as other providers. But what really makes them stand out is that they provide NRIs the option of both Repatriated and Non-Repatriated Demat accounts, which makes them the best alternative for anyone looking to trade international equities.

4. Best For Lowest Brokerage: 5Paisa :

In contrast to certain brokers who impose extra charges for certain services, 5paisa upholds an open and honest pricing system. Regardless of the size of the order or the traded stocks, 5paisa levies a fixed cost of Rs. 20 every executed order. Their minimal brokerage fees make it an affordable choice for all trading styles, regardless of experience level or volume of trader.

5. Groww :

One of the easiest and fastest paperless account opening processes in the business is Grow’s. Groww allows fractional share investments, which lowers the cost of portfolio diversification for investors and makes expensive equities more accessible. Their increasing popularity can also be attributed to their extensive array of investment possibilities, competitive pricing, sophisticated technical tools and charting, and attentive customer service.

6. Best For Beginners: Angel Broking :

A great option for novices looking for professional portfolio management is the Angel Broking Demat Account. It’s ideal for people who want to invest with a small quantity of money because it also offers fractional share investments. The popularity of the Angel Broking team is also growing as a result of their approachable and instructive style.

Analysis Of Best Demat Account in India

Demat Account ProvidersTypes of Investment OptionsForeign StocksSEBI Registration
Paytm Money Demat AccountEquity, Mutual Funds, ETFs, US Stocks, NCDDoesn’t supportINZ000240532
Zerodha Demat AccountEquity, Mutual Funds, ETFs, US Stocks, Foreign Stocks, Currency Trading, Commodities Trading, F&O, PMS, Tax-Saving Investments, Retirement Planning, NRI Accounts, HNI Accounts, Minor AccountsDoesn’t supportINZ000031633
Aditya Birla Capital Demat AccountEquity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity DerivativesOver 15,000INH000002145
Upstox Demat AccountEquity, Mutual Funds, ETFs, US Stocks, Corporate FDs, Foreign Stocks, Currency Trading, Commodities Trading, F&O, Tax-Saving Investments, Retirement Planning, NRI Accounts, HNI Accounts, Minor AccountsLimited numberIOA185135
5Paisa Demat AccountEquity, Mutual Funds, ETFs, US Stocks, NCDLimited numberINZ000010231
Groww Demat AccountEquity, Mutual Funds., ETFs, Digital Gold, Corporate FDs, various tax-saving investment options, including ELSS funds, PPF, NPS, etcOver 5000INZ000208032
Axis Direct Demat AccountEquity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity DerivativesDoesn’t supportINZ000161633
Kotak Securities Demat AccountEquity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity DerivativesLimited numberINZ000200137
SBICAP Securities Demat AccountEquity, Mutual Funds, ETFs, US Stocks, NCD, etcWide range of foreign stocks, including US stocks, UK stocks, and European stocksINZ000200032
HDFC Securities Demat AccountEquity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, etcDoesn’t supportINZ000186937
ICICI Direct Demat AccountEquity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity DerivativesLimited numberINZ000183631
IIFL Demat AccountEquity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity DerivativesAllows trading in multiple foreign marketsINZ000164132
Sharekhan Demat AccountEquity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity DerivativesOver 15,000INZ000171337
Choice Demat AccountStocks, ETFs, Mutual Funds, IPOs, Derivatives, PMSOver 1000INZ 000160131
Religare Demat AccountStocks, ETFs, Mutual Funds, IPOs, Derivatives, PMSOver 1000INZ000174330
Motilal Oswal Demat AccountEquity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity DerivativesOver 10,000INZ000158836
Angel Broking Demat AccountStocks, ETFs, Mutual Funds, IPOs, Derivatives, PMSOver 15,000INZ000161534
Wisdom Capital Demat AccountStocks, ETFs, Mutual Funds, IPOs, Derivatives, PMSOver 10,000INZ000203739
Nuvama Demat AccountStocks, ETFs, Mutual Funds, IPOs, Derivatives, PMSOver 2,500INH000011316
Fyers Demat AccountEquity, Mutual Funds, ETFs, US Stocks, NCD, Currency Derivatives, Commodity DerivativesOver 500INZ000008524

Brokerage Charges and Hidden Charges

Demat Account ProvidersAccount Opening ChargesMaintenance ChargesBrokerage Charges
Paytm Money Demat Account₹100FreeRs. 0 (Free) per trade
Zerodha Demat Account₹200₹300 per year₹20 per executed order
Aditya Birla Capital Demat Account₹750₹300 per year0.50% of the transaction value
Upstox Demat Account₹0₹150 per year₹20 per executed order
5Paisa Demat Account₹0₹300 per year₹20 per executed order
Groww Demat Account₹0Free₹20 or 0.05% which is lower
Axis Direct Demat Account₹0₹650 per year, free for first year₹20 per executed order
Kotak Securities Demat Account₹0₹600 per year₹21 per executed order
SBICAP Securities Demat Account₹850₹0 per year₹20 per executed order
HDFC Securities Demat Account₹0₹750 per year₹25 per executed order
ICICI Direct Demat Account₹0₹300 per year₹25 per executed order
IIFL Demat Account₹0₹250 per year₹20 per executed order
Sharekhan Demat Account₹0₹400 per year₹25 per executed order
Choice Demat Account₹0₹300 per year₹20 per executed order
Religare Demat Account₹0₹500 per year₹30 per executed order
Motilal Oswal Demat Account₹0₹199 per year₹30 per executed order
Angel Broking Demat Account₹0₹240 per year₹20 per executed order
Wisdom Capital Demat Account₹0Up to ₹999 per year₹9 per executed order
Nuvama Demat Account₹0₹500 per year₹20 per executed order
Fyers Demat Account₹0₹300 per year₹20 per executed order

Best Demat Account India With No Joining Fee

  • Full-Service Broker:
    • Paytm Money Demat Account
    • Aditya Birla Capital Demat Account
  • Discount Broker:
    • Zerodha Demat Account
    • Upstox Demat Account
    • 5paisa Demat Account

Demat Accounts With Lowest Brokerage Charges

  • Full-Service Broker:
    • Angle-One Demat Account
    • ICICI Direct Demat Account
    • Kotak Securities Demat Account
    • Motilal Oswal Demat Account
  • Discount Broker:
    • Paytm Money Demat Account
    • Upstox Demat Account
    • 5paisa Demat Account
    • Fyers Demat Account

20 Best Demat Account India With Charges

Demat Account ProviderDelivery ChargesIntraday ChargesOptions ChargesFutures Charges
Paytm Money Demat Account₹20 or 0.10% (whichever is lower) per executed order₹20 or 0.05% (whichever is lower) per executed orderFlat ₹20 per executed orderFlat ₹20 per executed order
Zerodha Demat AccountFree₹20 or 0.03% (whichever is lower) per executed orderFlat ₹20 per executed orderFlat ₹20 per executed order
Aditya Birla Capital Demat Account₹20 or 0.25% (whichever is lower) per executed order₹0 or 0.30% (whichever is lower) per executed orderFlat ₹20 per executed orderFlat ₹20 per executed order
Upstox Demat Account2.5% or ₹20 (whichever is lower)₹20 or 0.05% (whichever is lower) per executed orderFlat ₹20 per executed orderFlat ₹20 per executed order
5Paisa Demat Account₹20 or 0.25% (whichever is lower) per executed order₹20 or 0.05% (whichever is lower) per executed orderFlat ₹10 per executed orderFlat ₹10 per executed order
Groww Demat Account₹20 or 0.05% (whichever is lower) per executed order₹20 or 0.25% (whichever is lower) per executed orderFlat ₹20 per executed orderFlat ₹20 per executed order
Axis Direct Demat AccountFree₹20 or 0.03% (whichever is lower) per executed orderFlat ₹20 per executed orderFlat ₹20 per executed order
Kotak Securities Demat Account₹20 or 0.25% (whichever is lower) per executed order₹0 Flat ₹20 per executed orderFlat ₹20 per executed order
SBICAP Securities Demat Account₹20 or 2% (whichever is lower) per executed order₹0 or 0.30% (whichever is lower) per executed orderFlat ₹20 per executed orderFlat ₹20 per executed order
HDFC Securities Demat Account₹20 or 0.50% (whichever is lower) per executed order₹20 or 0.10% (whichever is lower) per executed order₹100 per executed order0.05%
ICICI Direct Demat Account₹0.55% ₹0 or 0.30% (whichever is lower) per executed orderFlat ₹20 per executed orderFlat ₹20 per executed order
IIFL Demat Account₹20 or 0.25% (whichever is lower) per executed order₹20 or 0.25% (whichever is lower) per executed orderFlat ₹25 per executed orderFlat ₹20 per executed order
Sharekhan Demat Account0.50% per order ₹0 or 0.30% (whichever is lower) per executed orderFlat ₹50 per executed orderFlat ₹20 per executed order
Choice Demat Account₹0 or 2.50% (whichever is lower) per executed order₹0 or 0.05% (whichever is lower) per executed orderFlat ₹20 per executed orderFlat ₹20 per executed order
Religare Demat Account₹0 or 2.50% (whichever is lower) per executed order₹0 or 0.25% (whichever is lower) per executed orderFlat ₹20 per executed orderFlat ₹20 per executed order
Motilal Oswal Demat Account₹0 or 2% (whichever is lower) per executed order0.02% Flat ₹20 per executed orderFlat ₹20 per executed order
Angel Broking Demat Account0.50%₹20 or 0.25% (whichever is lower) per executed orderFlat ₹20 per executed orderFlat ₹20 per executed order
Wisdom Capital Demat Account₹0 or 2.50% (whichever is lower) per executed order₹0 or 0.30% (whichever is lower) per executed orderFlat ₹20 per executed orderFlat ₹20 per executed order
Nuvama Demat Account₹0 or 2% (whichever is lower) per executed order₹0 or 0.30% (whichever is lower) per executed orderFlat ₹20 per executed orderFlat ₹20 per executed order
Fyers Demat AccountFree₹20 or 0.05% (whichever is
lower) per executed order
Flat ₹20 per executed orderFlat ₹20 per executed order

Top 10 Low Brokerage Demat Account For Beginners in 2024

1. Paytm Money Demat Account :

Best Demat Account For Long Term Investment

With one of the greatest Demat accounts available in India, Paytm Money stands out as a top option for investing at a low cost. Users can quickly register a Demat Account supporting multiple investment options including as Stock Market, Mutual Funds, ETF, IPO, F&O, and NPS retirement funds with a small deposit starting at Rs. 100.

Key Features

Annual Maintenance ChargeFree
Exchange MembershipBSE, NSE, MCX
PMS ServicesAvailable
Per Transaction ChargeFlat fee of ₹20 per executed order for delivery, intra-day, and F&O trades
Trading PlatformsPaytm Money App
Customer ServicePhone, Email, Chat
Investment OptionsEquity, Derivatives, Mutual Funds, IPOs
ProsCons
Comprehensive insights into your portfolioDoesn’t support Commodity and Currency trading
Market analysis tools for top-rated mutual funds and stocks 
Historical data and risk evaluations for mutual funds 

What is it best for?

  • Low-cost investments with an auto-pay option to ensure on-time payments.

User testimonial that was on point

  • “I have been a happy user and investor for more than a year now. Possibly the best UI and app available for mutual fund investments.”

2. Aditya Birla Capital Demat Account :

A great choice for anyone wishing to start investing in low-risk mutual funds and ETFs is the Aditya Birla Capital Demat account. It facilitates a range of financial instruments, such as ETFs, intraday trading, derivatives, and equities delivery.

Expert investors can take advantage of competitive brokerage rates and complicated investment alternatives with higher returns. In addition to making investing in Indian equities and mutual funds easier, Demat accounts provide NRIs with tax advantages.

Key Features

Annual Maintenance Charge₹300 per annum
Exchange MembershipBSE, NSE, MCX
PMS ServicesNot Available
Per Transaction Charge₹50 per transaction for delivery trades₹20 per transaction for Intraday trades
Trading PlatformsABTrade, Mobile App
Customer ServicePhone, Email, Chat
Investment OptionsEquity, Derivatives, Currency, Commodity, Mutual Funds, IPOs

3. Upstox Demat Account :

Upstox Demat Account is very good and simple interface of UI for beginners UPSTOX is good choice to invest. In Upstox you can trade in stocks, Gold, Mutual Funds and futures & Options.

The best part is it provides valuable market insights through charts for informed decision-making.

Key Features

Annual Maintenance Charge₹150 per annum
Exchange MembershipBSE, NSE, MCX
PMS ServicesNot Available
Per Transaction ChargeFlat fee of ₹20 per executed order for delivery, intra-day, and F&O trades
Trading PlatformsUpstox Pro, Upstox MF, Upstox API
Customer ServicePhone, Email, Chat
Investment OptionsEquity, Derivatives, Currency, Commodity, Mutual Funds, IPOs, Bonds
ProsCons
Simple and fast online money transfer, including no-cost UPI transactionA few users report experiencing crashes during significant market fluctuations.
Allows investing in digital gold 

What is it best for?

  • Zero commission trading

User testimonial that was on point

  • Users love the platform for its ease, low fees, and handy features like live market data, advanced charts, and a mobile app for trading at any time from anywhere.

4. Zerodha Demat Account :

Zerodha is Most famous demat account in india. In Zerodha you can get everything you want in demat account. Zerodha demat you can trade in various financial instruments like, shares, mutual funds, gold, commodities, future & options, bonds, Goverment securities etc.

Zerodha offers a trading platform, Kite, that comes with a user-friendly interface, comprehensive charts and other technical analysis features. Additionally, a dedicated learning app enhances the overall user experience.

Key Features

Annual Maintenance Charge₹300 per annum
Exchange MembershipBSE, NSE, MCX
PMS ServicesNot Available
Per Transaction Charge₹13.5 per scrip for selling stocks
CDSL Fee of ₹5.5 per mutual fund
Trading PlatformsKite, Console, Coin, Sentinel, Varsity
Customer ServicePhone, Email, Chat
Investment OptionsEquity, Derivatives, Currency, Commodity, Mutual Funds, Bonds, IPOs
ProsCons
Provides profit/loss, tax, and portfolio reports in detail₹200 account opening charges.
Supports several regional languages 
Trading charts are available with over 100 indicators 

What is it best for?

  • Market research and customise it as your own trading platform.

User testimonial that was on point

  • “Good technology, charting and customer support”.

5. 5Paisa Demat Account :

For individuals looking for a variety of trading alternatives, the 5Paisa Demat Account is a great solution. It’s among the greatest Demat accounts in India for new users in 2024 thanks to its extensive portfolio analysis capabilities, market research tools, and range of trading options.

Key Features

Annual Maintenance Charge₹300 per annum
Exchange MembershipBSE, NSE, MCX
PMS ServicesNot Available
Per Transaction ChargeFlat fee of ₹20 per executed order for delivery, intra-day, and F&O trades
Trading Platforms5Paisa App
Customer ServicePhone, Email, Chat
Investment OptionsEquity, Derivatives, Currency, Commodity, Mutual Funds, IPOs, Bonds
ProsCons
Portfolio analysis toolsThe cost of trading through calling is high.
You can create a joint Demat account with up to three other individuals. 

6. Axis Direct Demat Account :

Axis Direct Demat Account is trusted demat account by 2 million plus users. Provides a 3-in-1 account for seamless banking, trading, and Demat services. Moreover, you’ll enjoy free market analytics reports, trading guidance from research experts, and a variety of investment options, including equities, mutual funds, bonds, derivatives, ETFs, and more.

Key Features

Annual Maintenance Charge₹650 per annum
Free for First Year
Exchange MembershipBSE, NSE, MCX, and NCDEX
PMS servicesAvailable
Per Transaction Charge₹20 per executed order
Trading PlatformsAxis Direct App, Axis Direct Web, and Axis Direct Trade
Customer ServicePhone, email, and chat
Investment OptionsEquity, Currency, Commodity, Mutual Funds, IPOs, and Bonds
ProsCons
Free market research and investment advice  Higher account maintenance charge
Plenty of educational resources 

7. Groww :

For Beginners Groww is one of the best option available in market. Groww have very simple interface for new person who inters in stock market can easily understand through groww app. Groww Demat Account Free To open within a Second You can create your account on groww. The paperless account opening can be done from home, and its competitive brokerage charges make it the best option for budget-conscious investors.

Key Features

Annual Maintenance ChargeFree
Exchange MembershipBSE, NSE, MCX, and NCDEX
PMS servicesAvailable 
Per Transaction Charge₹8 + ₹5.50 (CDSL Charges) per ISIN
Trading PlatformsWebsite and Mobile App
Customer ServicePhone, email, and chat
Investment OptionsEquity, Currency, Commodity, Mutual Funds, IPOs
ProsCons
Offers analytics and statistics for stocks, mutual funds, and other investmentsDoesn’t support IPO investment
Enables investment in foreign markets 
Commission-free SIP purchases 

8. Kotak Securities :

Kotak Securities in one of the top demat account which allows you to invest and trade in market. Kotak have Zero Brokerage in Intraday and Future & options trade. As a SEBI registered broker and member of NSE, BSE, MCX, and NCDEX, it provides diverse investment options in Equity, F&O, Currency, Commodities, IPO, Mutual Funds, Tax-free Bonds, and Stock Lending.

Key Features

Annual Maintenance Charge1st year Zero – ₹600 per annum
 
Exchange MembershipBSE, NSE, MCX, and NCDEX
PMS servicesAvailable 
Per Transaction Charge0.04% + NSDL or min ₹20 per executed order
Trading PlatformsKEAT Pro X, Kotak Stock Trader
Customer ServicePhone, email, and chat
Investment OptionsEquity, Currency, Commodity, Mutual Funds, IPOs, and Bonds
ProsCons
Global investmentHigher brokerage charge
Market analysis and best recommendations 
Helps to create an affordable yet most profitable portfolio by investing in small cases 

9. HDFC Securities Demat :

A 3-in-1 account that combines savings, trading, and Demat accounts is offered by HDFC Securities Limited, a division of HDFC Bank. By removing the burden of paperwork, their Demat account simplifies trading. You can trade Indian and international stocks with ease and hassle-free 24/7 customer support.

Key Features

Annual Maintenance Charge₹750 per year
Exchange MembershipBSE, NSE, MCX-SX, NCDEX, MCX
PMS servicesAvailable
Per Transaction Charge₹25 per transaction
Trading PlatformsProTerminal, Web Trading, Mobile Trading
Customer ServicePhone, email, and chat
Investment OptionsStocks, Bonds, Mutual Funds, ETFs, IPOs, NCDs, FDs, and more
ProsCons
Margin tradingNo commodity trading
Global investment options 
Portfolio tracking features 

10. ICICI Direct Demat Account :

Trading in both local and international markets is made possible with the ICICI Direct Demat Account. Trading in stocks, mutual funds, fractional shares, and other assets is supported.

For in-house customers, the ICICI Direct demat account provides the convenience of a three-in-one account. It distinguishes itself as one of the top 10 Demat accounts in India for beginners with an intuitive interface that can be tailored to the needs of the user.

Key Features

Annual Maintenance Charge₹300 per year
Exchange MembershipBSE, NSE, MCX-SX, NCDEX, MCX
PMS servicesAvailable
Per Transaction Charge₹35 per transaction
Trading PlatformsICICIdirect.com, ICICIdirect Mobile App, Trade Racer
Customer ServicePhone, email, and chat
Investment OptionsStocks, Bonds, Mutual Funds, ETFs, IPOs, NCDs, FDs, and more
ProsCons
Allows investors to buy a fraction of a share, making high-priced stocks more accessible.High brokerage charges make it inaccessible for small investors.
The lightweight website is accessible even with poor internet connections. 

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