A Demat Account or Demilitarized Account is a form of the account used to hold shares and securities in electronic form. Demat account is used to make share trading easy for the users during online trading, a Demat Account holds all the investments an individual makes in shares, government securities, exchange-traded funds, bonds and mutual funds in one place.
If an investor wishes to trade online, then he must open a Demat with a Depository Participant, this makes for easy trading and eliminates the need for the investor to hold physical share certificates and facilitating a seamless tracking and monitoring of holdings. In India.
It is mandatory to hold shares in Demat form only, and if an investor still has certificates in a paper, then he/she must convert them into an electric form before selling them at the stock market.
A Demat Account has several advantages over the physical formats; it is much more secured and eliminates theft, forgery, loss and damage of physical certificates. You can also easily transfer securities immediately, and once a trade is approved, the shares are digitally transferred to your account.
Also, you can easily access your Demat account information online regarding these activities by simply logging into the website. With all these advantages of a Demat account, more and more investors are switching to it. Which is why we have decided to make a list of the 4 Best Trading And Demat Accounts In India.
Zerodha Trading & Demat Account
Zerodha has been breaking barriers for over 10 years now and has become one of the biggest stock brokers of India.
Their disruptive pricing models and in-house technology have revolutionized the field of stock broking in India, and their powerful ecosystem allows over 2+ million clients placing millions of orders every day. The company has gradually grown over the years and is now one of the most established and reputed names in the field of stockbroking. Zerodha offers free delivery based trades and a maximum of Rs 20 per trade in other segments.
They are also the best discount broker with the highest number of customers in India. Zerodha also gives you an option to invest in a mutual fund which isn’t offered by any other discount broker.
There is also a ‘No Minimum Brokerage’ with Zerodha, which can come in handy with small trades where 0.01% brokerage one side is applied, brokers like ICICI Direct charges minimum brokerage of Rs 35.
The company also doesn’t charge hidden fees, and there is no minimum amount of balance required to open a Zerodha Trading account. Whereas other companies like SEBI a charging Rs 15 per crore and GST charged at 18% of the total cost of brokerage plus transaction charges.
Upstox Trading & Demat Account
Formerly known as RKSV Securities, Upstox is a tech-first low-cost broking firm in India providing trading opportunities at affordable prices. The firm was founded by Raghu Kumar, Ravi Kumar and Shriniwas Vishwanath, the company has been providing quality services for over 8 years now. Though they are a little behind Zerodha, Upstox is still one of the biggest stockbrokers in the country.
They provide trading on different segments such as equities, commodities, and currency. They are also one of the first brokerage houses to start discount broking in India. The company is backed by powerful and well-reputed names in the industry like Ratan Tata. The company offers 100 per cent savings in brokerage charges when compared to other brokers.
Upstox also charges zero brokerage for delivery trades and Rs 20 per trade for executed order. You also get free account opening and significantly lower annual maintenance charges. The Upstox Pro app that the firm offers is also one of the most advanced apps, that is loaded with features, that can make your trading experience a lot smoother.
If you are looking for a reputable brand that offers low charges and smooth experience, then the Upstox is a great alternative.
5 Paisa Trading & Demat Account
Over the years, 5Paisa has made quite a name for itself, the broking house is one of the fastest-growing & provides one of the lowest brokerages in the industry. The broking house is known for giving good brokerage plans and lucrative margin rates.
starting its operations in March 2016, the firm quickly became 2nd largest discount stock broker in India by Dec 2018. It offers online trading in equity, commodity, and currency at BSE, NSE, and MCX. 5Paisa is a flat-rate discount stockbroker, that charges 20 Rs brokerage irrespective of the size of the trade, segment or exchange.
There are several prepaid plans available that the customers can opt for like Optimum Plan, Platinum Plan and Titanium Plan. The customers receive several advantages by being a member of these prepaid plans and pay further lower brokerage in platinum and titanium plans for an additional fixed monthly fee.
The firm, as of now serves more than 7,500 retail customers and has a target to acquire around 50,000+ customers in the current fiscal period.
HDFC Securities Demat Account
A subsidiary of HDFC Bank, HDFC Securities was established in the year 2000, and now serves over 1,800,000+ customers, and is one of the largest and biggest stock brokers in India. You can choose from their various investment products which include equities, derivatives, mutual funds and currencies, among others.
They boast a 90% success rate in 17 months and provide a seamless online real-time platform to trade and track your stocks. You can Buy or Sell stocks on both the BSE and the NSE. To trade, you can use any of online trading platform, Mobile App or simply Call N Trade. The HDFC Securities has a unique feature, which allows you to integrate your HDFC Securities trading account with your existing HDFC bank savings account and existing Demat account.
Funds and shares can be easily and seamlessly moved from the linked Demat/Bank account to execute the transactions. If you are looking for a well-reputed name, and seamless transition, then the HDFC Securities Demat Account is a great choice.