Top 10 Best Demat Accounts In India

If you're interested in investing in the stock market, the first step is to open a Demat account. A Demat account is like a digital locker where you can securely store your shares and other securities in electronic format. This makes trading stocks much easier and more convenient. 

With so many different demat accounts available, choosing the best one for your needs can be challenging. Each account has its own unique features, charges, and benefits. 

This guide will help you find the best Demat account in India by comparing some of the most popular options and considering various factors.  

List of 10 Best Demat Accounts in India

Best Demat Accounts in India – Features, Charges & Benefits

Here’s a detailed overview of the best Demat account apps and web platforms, highlighting their features, charges, and brokerage to help you make an informed decision.

1. Zerodha Kite 

Zerodha is a leading stockbroker in India, trusted by crores of customers. Their mission is to empower investors by making it easier to manage their money. Zerodha offers a powerful trading and investment platform called Kite, which is used by lakhs of traders and investors to place orders every day. 

A key feature of Zerodha is that they offer zero brokerage on investments in stocks, bonds, ETFs, IPOs, and gold bonds. Kite is designed to be user-friendly and provides investors with a rich set of features that are tailored to the needs of modern-day traders. 

Major Features of Zerodha Demat Account 

• Free Account and Zero Brokerage: You can open a demat and trading account with Zerodha for free. You'll also benefit from zero brokerage on investments in stocks, bonds, ETFs, IPOs, government bonds, and gold bonds, making your investments more cost-effective. 

• Kite Trading Platform: Kite is a user-friendly and innovative trading platform that offers a seamless trading and investment experience. It provides advanced tools for research, analysis, and backtesting, helping you make informed investment decisions. 

• Universal Instrument Search: You can easily search for and invest in over 90,000 stocks, futures and options contracts, bonds, and metals across multiple exchanges. 

• Advanced Charting Tools: Kite offers a wide range of charting tools, including hundreds of indicators and studies, and provides extensive historical data for stocks and futures and options contracts. These tools help you analyse market trends and make informed trading decisions. 

• Level 3 Market Data: You can access in-depth market data, including Level 3 data, which provides insights into market liquidity and helps you develop sophisticated intraday trading strategies. 

• GTT (Good Till Triggered) Orders: You can set automated orders that are triggered when specific conditions are met, such as reaching a target price or hitting a stop-loss level. 

• Customisable Baskets: You can create and manage custom baskets of stocks to help you build and execute effective trading strategies. 

• IPO Application via UPI: You can easily apply for IPOs online using the BHIM UPI app. 

• Accurate Profit and Loss Reporting: The Console, Zerodha's reporting tool, provides accurate and comprehensive profit and loss calculations for your portfolio, taking into account historical trade data, corporate actions, stock splits, and transfers. 

2. Upstox 

Upstox is a very popular trading app in India. It helps both people who trade stocks often and people who invest for the long term. Upstox has powerful tools and makes trading easy. 

You can open an account with Upstox for free. You also don't pay any fees to buy or sell mutual funds, IPOs (new company stocks), or gold bonds. Upstox offers a platform with many features for trading stocks, options, currencies, and commodities. 

Upstox is easy to use. It has helpful lists of stocks and gives you a lot of information about the market. This makes Upstox a good choice for all kinds of investors. 

Major Features of Upstox Demat Account 

• Two Modes for Users: Upstox PRO caters to active traders, offering F&O, currency, commodity, and equity trading, while the investor mode supports investments in stocks, mutual funds, ETFs, bonds, and IPOs. 

• Advanced Trading Tools: Access features like an Option Chain analysis tool with customisable data points (Greeks, PCR, Max Pain), curated Smartlists, Futures Heatmaps, and ready-made option strategies for better trading decisions. 

• Comprehensive Charting & Analysis: Advanced charting tools integrated with TradingView and ChartIQ include 100+ indicators and 80+ drawing tools. In-depth OI analysis and FII/DII data further enhance market understanding. 

• Enhanced Order Types: Place 20-leg basket orders, GTT (Good Till Triggered) orders, and trailing stop-loss orders for risk management. Enjoy up to 90% collateral margin with Margin Pledge for F&O trading. 

• Stock Trading Features: Choose from 5000+ stocks, explore curated lists by sector or theme, view company fundamentals (e.g., PE ratio, dividend yield), and start stock SIPs or place 365-day limit orders. 

• Mutual Funds & ETFs: Invest in 15+ mutual fund categories with SIPs starting at ₹100 and save up to 2% via direct plans. Use SIP calculators and ETF smartlists for informed decisions. 

• Sovereign Gold Bonds (SGBs): Earn 2.5% annual interest and enjoy tax-free returns on maturity with government-backed sovereign gold bonds, a secure way to invest in gold. 

• IPO Applications: Pre-apply for top upcoming IPOs and pay conveniently via UPI (GPay, BHIM). View recently listed IPOs and track their performance. 

• Fixed Income & Alternative Investments: Access government-backed bonds, treasury bills, SDLs, non-convertible debentures (NCDs), P2P lending options, and fixed deposits for diversified investment opportunities. 

• Educational Resources & Market Insights: UpLearn offers courses on financial instruments, trading strategies, and more. Stay updated with market recaps, news, and watchlists to make informed investment decisions. 

3. Angel One (formerly Angel Broking)  

For over 25 years, Angel One has been a trusted partner for millions of Indian investors. We offer a complete platform for both beginners and experienced traders. Our user-friendly app makes it simple to buy and sell stocks, mutual funds, ETFs, options, bonds, and more. 

Angel One is designed to help you build a strong investment portfolio. We provide powerful tools and smart features to make informed decisions. You can easily open an account with us without any paperwork. Our platform is fast and reliable, allowing you to trade quickly and efficiently. 

With Angel One, you can confidently invest and grow your wealth. We are committed to providing a transparent and rewarding investment experience for all our customers. 

Major Features of Angel One Demat Account 

• Free and Seamless Account Opening: Open a free demat account online with paperless KYC and start investing with a smooth onboarding process via the Angel One app. 

• Extensive Stock Trading Options: Trade across 5000+ large-cap, mid-cap, and small-cap stocks, and track live prices of key indices and popular shares such as Tata Motors, Reliance, Infosys, and Adani. 

• Smart Order Features: Leverage advanced order types like Stop Loss, GTT (Good Till Triggered), Cover Order, and Robo Order for better trade management and risk control. 

• Mutual Fund Investments: Explore 5000+ mutual fund schemes, including debt, liquid, small-cap, large-cap, and ELSS funds. Use SIP calculators to start SIPs or make lump sum investments directly through the app. 

• IPO Applications: Pre-apply for upcoming IPOs, track IPO updates, and apply easily via WhatsApp for a simplified investing experience in newly listed companies. 

• Futures & Options Trading: Access all market segments, including commodities and currencies, with one-click options trading via Instatrade. Use expert advice and strategies through partner integrations like Sensibull. 

• Personal Loan Services: Get instant digital loans with amounts up to ₹10 lakh, repayment tenures of 3–60 months, and interest rates starting from 11% p.a., all processed 100% online. 

• Motor Insurance: Enjoy exclusive offers on motor insurance for cars and bikes with instant digital policy issuance, no paperwork, and comprehensive coverage options. 

• Margin Trading Facility: Benefit from margin trade facilities, with 0% interest charges for the first 30 days, enabling you to leverage your trading capital effectively. 

• Educational and Advisory Support: Learn trading strategies, market insights, and financial instruments through the Angel One app. Access expert advice and tools to make informed investment decisions. 

4. Groww 

Groww, the top stock broker in India, makes it easy to buy and sell investments in many different financial products. Groww offers a simple and clear experience. You can open a demat account for free, there are no yearly fees, and there are no surprise costs. 

Investors can buy and sell stocks, mutual funds, IPOs (new company shares), ETFs (funds that track a market), and Futures & Options (risky investments). Groww provides help to customers 24 hours a day, every day. 

Groww has helpful tools and features that assist users in making smart investment choices and effectively managing their investments. 

Major Features of Groww Demat Account 

• Free Demat Account with Zero AMC: Open a demat account for free with no annual maintenance charges (AMC) or hidden costs, ensuring a cost-effective investing experience. 

• Stock Market Trading and Investing: Trade and invest in NSE and BSE-listed stocks, track live indices like NIFTY and SENSEX, and apply for upcoming IPOs. Enjoy features like GTT (Good Till Triggered) orders, technical indicators, stock screeners, and stop-loss tools. 

• Advanced Futures & Options (F&O) Trading: Leverage advanced F&O tools, including option chains, basket orders, and instant pledges. Access charts powered by TradingView, and trade above freeze quantities using Iceberg Orders with zero pledging charges. 

• Direct Mutual Funds Investing: Invest in direct mutual funds commission-free. Use SIP or lump sum options and switch external regular mutual funds to direct funds for extra returns. Import and redeem external mutual fund investments seamlessly. 

• Sovereign Gold Bonds (SGBs): Diversify your portfolio by investing in SGBs with 2.5% interest per annum and enjoy tax-free returns on maturity, offering a secure and profitable investment option. 

• Margin Trading Facility (MTF): Get up to 4x leverage for equity investments through MTF, enabling users to trade larger volumes with minimal upfront capital. 

• Real-Time Alerts and Notifications: Set custom alerts to track share price movements, ensuring users stay updated on market trends and make timely investment decisions. 

• UPI Payments and Bill Management: Pay bills, manage money, and recharge FASTag using UPI integrations with apps like GPay, Paytm, and PhonePe, adding convenience to financial management. 

• Personal Loans for Select Users: Avail personal loans with tenures ranging from 3 to 60 months, competitive interest rates starting at 13%, and a fully digital application process. 

5. Bajaj Broking 

Bajaj Broking (formerly Bajaj Securities) is a platform you can trust. It makes it easy to buy and sell stocks. This app does it all. You can use it in many languages. It has special tools for trading. You get extra things like early access to new company stock offers, daily advice on which stocks to buy, and the ability to borrow money to trade with. 

Bajaj Broking keeps your money safe. It's easy to find your way around. Bajaj Finance supports it. This makes Bajaj Broking a great choice for both new and experienced traders. 

Major Features of Bajaj Broking Demat Account 

• Free Demat Account Opening: Open your demat account within minutes with a seamless online process and Aadhaar-linked e-signature, ensuring a quick start to your investment journey. 

• Flexible Brokerage Plans: Choose from customised subscription packs with brokerage rates as low as ₹5 per order, tailored to suit your trading style. 

• Margin Trading Facility (MTF): Trade now and pay later with up to 4x leverage. Avail low-interest rates on MTF with subscription packs and choose from 1000+ approved stocks to hold positions for over a year. 

• Early IPO Access: Gain a competitive edge by pre-applying for IPOs before listing. Comprehensive IPO dashboards provide analysis, reports, and alerts. 

• Advanced Trading Tools: Utilise cutting-edge tools like Marketsmith, Trendlyne, and Scanners for in-depth stock analysis, trend identification, and investment strategies. 

• Daily Stock Market Recommendations: Access expert insights and daily stock recommendations from an in-house research team to make well-informed investment decisions. 

• Real-Time Market Insights: Stay updated with live stock market news, reports, indices, and calculators, ensuring you never miss critical market movements. 

• Diverse Investment Options: Invest in a wide range of assets, including equities, IPOs, bonds, NCDs, SGBs, US stocks, and commodities, all through a single platform. 

• Enhanced Security and Trust: Enjoy strong security protocols backed by the decades-long trust of Bajaj Finance, ensuring your data and transactions remain safe. 

6. 5paisa 

5paisa is a platform for trading and investing that's easy to use, whether you're just starting or a seasoned trader. For the first 30 days, you don't pay anything for trading. After that, the fees are low and the same for each trade. You also don't pay any fees to invest regularly in stocks or ETFs. 

On 5paisa, you can easily buy and sell stocks, options, futures, mutual funds, and even invest in new companies when they first offer shares to the public. 5paisa provides you with helpful tools and information from experts to make your investments easier. 

Major Features of 5paisa Demat Account 

• Free Demat Account Opening: Open your account within 5 minutes with 100% paperless KYC and enjoy seamless trading across NSE, BSE, mutual funds, and IPOs. 

• Zero Brokerage for New Users: Benefit from zero brokerage for the first 30 days and special offers for women investors, ensuring a cost-effective start to your trading journey. 

• Flat Brokerage Rate: Enjoy flat ₹20 brokerage per order across all segments, including equity, derivatives, commodities, and currencies, with no hidden charges. 

• Live Market Data: Stay informed with real-time updates from Nifty 50, Sensex, Bank Nifty, and other indices, along with live stock market insights. 

• Stock and ETF SIPs: Start SIPs in stocks and ETFs with zero* brokerage charges, providing an affordable way to build long-term wealth. 

• Mutual Funds and IPO Investments: Access over 4,000 zero-commission mutual funds, start SIPs with as little as ₹100, and pre-apply for IPOs with real-time updates. 

• Advanced Algo Trading: Automate trades using intelligent algorithms, customise strategies, and let advanced tools handle market execution. 

• Futures & Options (F&O) Trading: Utilise detailed analytics, real-time data, and advanced risk management tools to maximise trading efficiency in derivatives. 

• Diversified Portfolio Options: Trade in commodities and currencies to hedge risks and diversify your portfolio with ease. 

• Expert Insights and Research: Receive daily market research, stock recommendations, and personalised investment ideas from seasoned experts to make informed decisions. 

7. HDFC Securities 

HDFC Securities' InvestRight app makes it easy to do everything related to trading, investing, and keeping track of your investments in one place. 

This app gives you a personalised experience, which means it's designed to fit your specific needs. You can easily buy and sell stocks, participate in new stock offerings (IPOs), invest in mutual funds, and more through the app. 

The app includes helpful features like the Star Portfolio, Zapp Orders, and real-time option chains, which give you the information you need to make smart investment choices. The app is very fast and provides helpful suggestions to help you make the most of your investments without much effort. 

Major Features of HDFC Securities Demat Account 

• Comprehensive Multi-Asset Portfolio: Manage investments across equities, mutual funds, IPOs, ETFs, and more from a single platform, ensuring convenience and diversity. 

• Blazing-Fast Experience: Enjoy swift navigation, seamless order execution, and real-time updates with the app’s optimised performance. 

• Star Portfolio and Recommendations: Access curated investment portfolios and expert recommendations tailored to your financial goals and risk appetite. 

• Zapp Orders for Quick Trading: Place orders instantly with a simple swipe, ensuring you never miss market opportunities. 

• Real-Time Option Chain and Charting Signals: Make better trading decisions using comprehensive option chain data and advanced technical charts. 

• IPO Investments Made Easy: Apply for IPOs in just two clicks with integrated UPI payments for hassle-free transactions. 

• Smart Order Routing (SOR): Execute trades efficiently with SOR technology, which routes orders to ensure the best possible execution prices. 

• Live Notifications and Portfolio News: Stay updated with market news, stock trends, and portfolio-related alerts to make informed decisions. 

• Investment Trackers: Monitor your investments and get live updates on indices like Nifty 50, Sensex, and F&O for real-time insights. 

8. Axis Direct 

Axis Direct provides a strong and easy-to-use system for buying and selling investments smoothly. This system helps both new and experienced traders. You can use the app to buy and sell many different investments, including stocks, ETFs, SGBs, and mutual funds. The app also lets you watch the stock market change right away. 

The app has helpful tools like charts for trading and ready-made plans for options trading. These tools make it easier to make good investment decisions. The app uses strong security features like fingerprint or face recognition and UPI payments. This makes it safe and easy for people to invest. 

Major Features of Axis Direct Demat Account 

• Seamless Multi-Asset Trading: Trade effortlessly across a range of assets, including stocks, ETFs, Sovereign Gold Bonds (SGBs), mutual funds, and SIPs, all from one platform. 

• Good Till Date (GTD) Orders: Schedule and streamline your trades with the GTD feature, ensuring execution at your preferred price levels. 

• Chart-Based Trading: Execute trades directly from interactive charts with customisable layouts, multiple timeframes, and 50+ technical indicators for informed decisions. 

• Biometric Security: Access your account securely with advanced biometric authentication, safeguarding your investments. 

• UPI Integration for Funds Transfer: Make seamless and instant fund transfers through UPI for a hassle-free trading and investing experience. 

• Dynamic Market Scanners: Stay ahead with scanners that monitor market movers based on price, volume, technical indicators, and chart patterns. 

• Option Chain Trading: Trade options directly from the option chain with real-time insights into calls, puts, and potential profit and loss (P&L). 

9. Mirae Asset Sharekhan 

Mirae Asset Sharekhan offers everything you need to invest and trade. This app helps both new and experienced investors. You can find over 5,000 stocks to choose from. 

Sharekhan makes it easy to explore the stock market. It has special tools like EZYOptions that help you understand and use options trading. You can also find patterns in stock prices to make better trading decisions. 

The app is very easy to use. It gives you real-time information about stock prices. You can also invest in mutual funds, participate in IPOs, and trade derivatives through the app. 

Sharekhan helps you reach your financial goals. Whether you want to start a systematic investment plan (SIP) or trade commodities, this app has the tools you need. 

Major Features of Mirae Asset Sharekhan Demat Account 

• Comprehensive Stock Trading: Trade over 5,000 stocks across large-cap, mid-cap, and small-cap companies with real-time price tracking for indices like NIFTY 50, Sensex, and more. 

• Mutual Funds & SIPs: Access 5,000+ mutual fund schemes and start SIPs with investments as low as ₹100 per month. Use tools like SIP calculators and explore curated options such as "SIP We Like." 

• Advanced Option Chain: Analyse and trade options efficiently with a detailed option chain, making advanced strategies simpler for both beginners and experts. 

• EZYOptions Tool: Benefit from advanced analytics and a multi-square-off feature to close multiple positions across segments in one go. 

• Pattern Finder: Gain insights into profitable stocks with this tool that identifies patterns and highlights potential trading opportunities. 

• IPO Investments: Pre-apply for upcoming Mainboard and SME IPOs with UPI integration, and stay updated with 24/7 real-time IPO notifications. 

• Futures & Options (FnO) Trading: Trade across multiple segments like MCX, NCDEX, and MSE, and diversify your portfolio with commodities and currencies, supported by risk management tools and expert advice. 

• Real-Time Portfolio Tracking: Monitor your investments seamlessly, with real-time updates and tools to track stocks, SIPs, and mutual funds. 

10. Motilal Oswal RISE 

Motilal Oswal created RISE, a trading app that helps people who invest in the stock market. This app makes it easy for investors to keep track of their investments and make smart decisions about buying and selling stocks. 

You can easily sign up for the app without any paperwork. RISE gives you access to a wide range of investment options, including more than 6,000 stocks, new stock offerings (IPOs), mutual funds, stocks from the United States, and investments in things like futures and options (F&O) and commodities. 

The app provides expert advice, helps you analyse your investments in detail, and allows you to manage your portfolio 24 hours a day, seven days a week. This makes RISE a great choice for both new and experienced investors. 

RISE offers a smooth and easy trading experience. It executes trades quickly, provides helpful tools, and allows you to trade in markets around the world. 

Major Features of Motilal Oswal RISE Demat Account 

• Free Demat Account Setup 
  Open your demat account within minutes using a simple, paperless onboarding process, and start trading effortlessly. 

• Wide Range of Stocks 
  Access over 6,000 stocks for investment and receive daily expert recommendations for profitable trades, along with real-time stock price updates. 

• IPO Pre-Apply 
  Skip the queues and pre-apply for trending IPOs, with instant alerts, detailed reports, and analyses to evaluate market potential. 

• Futures & Options (F&O) Trading 
  Unlock free options strategies with one-click execution. Use hedging, speculating, and portfolio management tools along with educational content to boost your F&O trading knowledge. 

• Mutual Funds 
  Invest in top-rated mutual funds across equity, debt, and hybrid categories with just one click, and use return calculators for SIP or lump sum investments. 

• US Stocks 
  Trade in shares of leading global brands like Apple, Amazon, and Tesla, with the ability to invest in the US stock market starting from just $1. 

• Comprehensive Investment Options 
  Access 10+ asset classes, including Indian and US stocks, commodities, bonds, FDs, and more—all from a single platform. 

• Expert Research & Recommendations 
  Receive daily stock recommendations by SEBI-registered experts for free, enhancing your decision-making with curated insights. 

• Advanced Tools & Insights 
  Benefit from in-depth analysis, including option chains, OI changes, Greeks, and expert research on over 500 stocks across 40+ industries. 

* The top ten demat accounts listed above are not ranked in any particular order. 

Disclaimer: All the features and other information specified above are sourced when this page was written and are subject to change. For exact information, refer to the respective app or contact them. 

Frequently Asked Questions 

1. What is a Demat account?  

A Demat account is an electronic account where you can store your stocks, bonds, and other securities digitally, making it easier to trade and invest in the stock market. 

2. Which Demat account is best for beginners in India?  

Zerodha and Groww are ideal for beginners due to their simple and user-friendly platforms with minimal fees and zero annual maintenance charges. 

3. Do I need to pay any charges to open a Demat account?  

Most Demat accounts like Zerodha, Upstox, and Groww offer free account opening with no hidden charges, making them cost-effective for investors. 

4. Can I apply for IPOs using my Demat account?  

Yes, platforms like Zerodha, Upstox, Angel One, and others allow you to apply for IPOs directly through their Demat account platforms using UPI. 

5. Is trading in derivatives available in Demat accounts?  

Yes, many Demat account providers such as Upstox, Bajaj Broking, and HDFC Securities offer trading in derivatives like Futures & Options (F&O). 

6. What are the key benefits of using a Demat account for trading?  

The main benefits of using a Demat account are faster trading, zero paperwork, secure storage of securities, and easy access to trading tools and market insights. 

7. How do I transfer funds to my Demat account for trading?  

Most Demat account platforms like Axis Direct and HDFC Securities allow easy fund transfers through UPI, ensuring a smooth and secure transaction process for trading.