Best Demat Account in India – A demat account is a type of electronic account which is used to hold and manage money in digital or e-format. It is primarily used for trading, buying, holding and selling stocks and funds online.
The sole purpose of a demat account is to facilitate trading and investment in various financial platforms like mutual funds, bonds, stocks, ETFs, IPOs, commodities, government securities, and other financial products. It enables investors to buy, sell and hold securities through the internet from the comfort of their home or office.
There are many financial institutions, banks and stock broker firms where you can open a demat account easily. Here in this post I have listed some of the Best Demat Account in India which are known for their fast, secured and reliable services.
Here I have also mentioned some lowest brokerage charges demat account in india like UTI, Zerodha, and Sharekhan. By going through the article you will get the complete list with their features.
Top Demat Account in India
Angel One
Angel One (Angel Broking) is one of the trusted demat, stock broker and trading services provider company which was founded in the year 1996. Its branches are spread in more than 600 cities across the country.
Angel Broking gives you wide range of trading options like equities, commodities, mutual funds, IPOs, etc. The account opening process can be done online hassle free. The trading platform is available in both English and Hindi languages.
You will get a readymade portfolio managed by experts. The company also distributes other financial products like Corporate Fixed Deposits and Insurance. They have millions of active clients, making them one of the top brokers in India by client count.
They provide a good amount of research reports, market analysis, and stock recommendations to help clients make informed decisions.
Sharekhan
Sharekhan is also a popular Indian retail brokerage firm which was founded in the year 2000. Sharekhan offers all essential tools in one platform like learning, portfolio management, market analysis, market research, and many more.
The company provides in-depth fundamental research, stock recommendations, portfolio advice, and market analysis. It also provides audio-video programs for understanding market forecast and trends.
It offers investment and trading options in mutual funds, bonds, stocks, ETFs, IPOs, Forex, option trading, commodity trading, currency trading, and others. Sharekhan provides personalized service through relationship managers and a dedicated research team.
Sharekhan also provides portfolio management services for high-net-worth-individuals (HNIs). Sharekhan is spread over in more than 550 cities with more than 1500 offices across the country. Sharekhan is also in the list of Top 10 Demat Account in India.
Religare
Religare is an Indian investment and financial services providing company which was founded in the year 1984. It has more than 450 branches in different cities. As a full-service broker, they provide equity research, investment ideas, and portfolio advisory services to their clients.
The company offers trading options in mutual funds, equities, stocks, ETFs, commodities, IPOs, currencies, and many more. Religare also deals with other financial services like loans, health insurance, general insurance, life insurance, housing finance and retail broking.
As a full-service broker, they provide equity research, investment ideas, and portfolio advisory services to their clients. Religare also offers market news, research and analysis tools. They also have a dedicated and strong focus on providing brokerage and investment services to Non-Resident Indians (NRIs).
Zerodha
Zerodha was founded in the year 2010 by Nithin Kamath. It is India’s leading stock broking service provider. Zerodha is also known for its cheapest brokerage rates.
It offers trading in mutual funds, commodities, option trading, equity trading, derivatives, stocks, bonds, govt securities, IPOs, currency trading, and many more.
Zerodha’s primary philosophy is to make investing and trading cost-effective and accessible for everyone. Zerodha provides a powerful analytics platform for traders and investors to analyze their portfolio performance, track profits/losses, and generate tax reports.
Zerodha also provides market research data and advanced charts to help their clients while trading. Zerodha would be one of the best Demat Account lowest brokerage.
Motilal Oswal
Motilal Oswal is an Indian financial services company which provides wide range of financial products and services. The company was founded in the year 1987 in Mumbai (India). Having a 20+ years of experience, the company is a popular choice for traders and investors.
It deals with financial products like equity, stocks, future options, US stocks, commodities, mutual fund, bonds, IPO, fixed deposits, alternative investment funds, etc. It offers trading platform for derivatives, equities, currencies and commodities on different stock exchanges like NSE, BSE and MCX.
Motilal Oswal also provides personalized portfolio management services (PMS), mutual fund distribution, and investment advisory to high-net-worth individuals (HNIs).
The company has a highly skilled equity research team that provides in-depth analysis on companies and sectors, which forms the backbone of their advisory and asset management services.
ICICI Direct
ICICI Direct is also a famous name in the trading, finance and investment field. It is one of the leading retail stock brokers and financial services provider in the country. It allows trading in Equities (NSE, BSE), Futures & Options (F&O), and Currency Derivatives.
It offers trading options for products like mutual funds, equity, derivatives, ETF, insurance, IPOs, corporate fixed deposits, NPS, currency, commodity, and more. You can get a 3-in-1 account option with ICICI, i.e. demat, banking and trading account.
The biggest advantage of ICICI is the ability to manage trading, investing (MFs, IPOs, NPS), and banking all in a single, integrated platform.
Their team’s research is considered among the best in the finance industry and is a primary reason many investors and traders choose them. In terms of top demat account in India ratings, I would give 4.2 out of 5 to this brand.
SBI Securities
It is a subsidiary of SBI, which is India’s largest public sector bank. It was launched in the year 2006, to fulfill the needs of clients dealing with stock market trading. It deals with financial services like equity, IPO, derivative, mutual fund, SIP, ETF, insurance, loans, etc.
It provides trading platforms for equities (NSE, BSE), Futures & Options (F&O), and Currency Derivatives. Those planning to invest in mutual funds can go with SBI Securities or SBI MF.
It is a major distributor for all types of mutual funds with research and recommendations. SBI Securities is also in the list of best trading account in India.
UTI MF
UTI MF is an Indian asset management company which was launched in 1963, and is one of the oldest mutual fund companies in India. Those primarily looking for mutual funds investment platforms can go with UTI MF.
The company offers a complete range of mutual fund schemes across equity, debt, hybrid, and other solution-oriented categories. The UTI brand carries decades of trust and recognition, especially among older generations of investors.
It is a reputable AMC with a full suite of products. Its unparalleled distribution network through public sector banks makes it highly accessible. UTI is an excellent choice due to its strong debt funds, stability, and the trust associated with its sponsor banks like SBI, PNB, LIC, BoB, etc.
HDFC Securities
It is one of the popular and largest retail stockbroking firms in India. It is a subsidiary of HDFC Bank, one of India’s leading private sector banks. HDFC Securities primarily acts as a intermediary, allowing individuals and institutions to buy and sell securities on stock exchanges like the NSE and BSE.
HDFC Securities was founded in the year 2000 with its headquarters in Mumbai. HDFC Securities deals with products like mutual funds, equities, currency trading, commodity trading, SIPs, IPOs, derivatives, ETFs, bonds, debentures, and many more.
Kotak Securities
Kotak Securities is a part of Kotak Mahindra Group which is one of India’s leading financial services company. It is the stockbroking arm of Kotak Mahindra Bank, a well known bank with a large customer base.
It has wide range of investment and finance options like equity trading, mutual funds, IPOs, stocks, future options, commodity trading, sovereign gold bond, debentures, corporate trading, intraday, etc.
Kotak Securities also provides guide and insights on demat account, trading account, share market, intraday trading, personal finance, fundamental analysis, technical analysis, and risk management. It is also in the list of top ten demat account in India.
IIFL Capital
With a legacy of about two decades, IIFL Capital is serving as a leading wealth management company in India. It is one of the largest independent and full time broking house in India. It also provides diversified financial services in equities, IPOs, derivatives, commodities, indices, mutual funds, and more.
Their team is widely regarded as one of the leading consultant in the finance domain for both fundamental and technical analysis.
Those who make decisions heavily based on high-quality broker research can go with IIFL. Its strength lies in its deep analytical capabilities and its comprehensive offerings for their clients.
