Best Demat Account in India

A Demat account is an account that provides the facility of holding shares, securities, bonds and mutual funds in an electronic format. It is necessary to open a demat account first to start trading and investment in India. In this post we have listed top stock brokers who are providing best demat account in India.

Here is the list of top 10 demat account in India according to their ratings. This list of best demat account has been recognized after evaluating top parameters and factors related to demat account. We have shortlisted 5 major parameters that would help you make a sound decision in regard to opening a best demat account in India.

These 5 parameters are:

  • Best Demat Account in India for IPO
  • Top Demat A/C for Small Investors
  • Best Demat Account in India for Intraday Trading
  • Best Demat account for Banking Broker
  • Demat Account with Low Brokerage

List of Top 10 Demat Accounts in India – Best Demat Account in India

Ranking Stock Broker Rating
1 Zerodha Demat Account 9.2/10
2 Upstox Demat Account 9.1/10
3 Angel Broking Demat Account 9.08/10
4 IIFL Demat Account 9.01/10
5 Sharekhan Demat Account 8.95/10
6 Motilal Oswal Demat Account 8.89/10
7 ICICI Direct Demat Account 8.81/10
8 5Paisa Demat Account 8/10
9 Edelweiss Demat Account 7.85/10
10 Kotak Securities Demat Account 7.73/10

Now you got to know about the top 10 demat account service providers in India, it’s time to get into the details of the above-mentioned parameters.

1. Best Demat Account in India for IPO

IPO stands for Initial Public Offering. It refers to the procedure of offering shares of a private firm to the public in a fresh stock issuance. Having the best demat account in India makes investments in IPO quite easy and seamless. For example, one can fill the online form and proceed for IPO investment.

It is believed that the procedure to invest in an IPO should be very smooth and this can only be made possible through a full-fledged demat account.

According to various studies, it has been found that Zerodha and Kotak Securities are considered the best choices when it comes to investing in an IPO.

Its clients stated that their IPO investment procedure is very smooth and seamless and they no problem while applying for the IPO.

2. Top Demat Account for Small Investors

The role of a demat account is of immense value for small investors who prefer to trade in small volumes. Mostly, they look for long-term investment for future needs and tax saving needs.

This is where choosing a stock broker with low brokerage and excellent advisory makes true sense. Apart from this, having an easy-to-use demat account makes things quite easier for them. Again, it is the magic of Zerodha that makes it the most preferred demat account among small investors.

This is followed by Angel Broking which is also known for its low brokerage and best-in-class advisory services.

Other prominent names in this category are IIFL, Sharekhan and Karvy. They also offer competitive brokerage and great advisory services to investors.

3. Best Demat Account in India for Intraday Trading

Under intraday trading, the buying and selling of stocks take place within the same day. This type of trading is quite popular nowadays as it is found to be directly associated with companies’ revenue.

Today, almost all stock brokers attract intraday traders to open a demat account with them. The required properties for this category are brokerage and trading platform features.

This is an area where 5Paisa takes the charge followed by Sharekhan, Zerodha, Angel Broking, and Edelweiss.

5Paisa comes at the top due to its competitive brokerage, whereas Zerodha trails due to its low brokerage and amazing trading platform.

4. Best Demat Account for Banking Broker

This is one category where clients prefer to invest in stock markets through their bank. This brings a high level of satisfaction to them due to the lesser no. of channels for money transfer. They feel safe by dealing through one channel only.

This aspect doesn’t only worry banking companies offering demat account but also usual stock brokers having remarkable banking solution with 3rd party banks. Kotak Securities comes at top in regard to this parameter. Due to its parent company, Kotak Mahindra, the stock broker takes an edge on this.

Kotak Securities is followed by ICICI Direct, HDFC Securities, and SBICap Securities in this sector.

5. Demat Account in India with Low Brokerage

This is certainly the most important aspect as brokerage always remains the topmost priority among traders and investors. Zerodha tops the list due to its flat and competitive brokerage and even zero brokerage in most cases.

Another option is 5Paisa due to its discount brokerage.

However, some claim that 5Paisa is the leader in the low brokerage segment followed by Zerodha, Angel Broking, Sharekhan and Edelweiss.

Best Online Demat Accounts

Zerodha and Angel Broking are the top players for online demat accounts. They have tremendous exposure to the latest web technology and they offer instant demat account opening.

Best Demat Accounts for Beginners

A stock broker with good advisory services is preferred by new investors. The prominent names are Sharekhan, Angel Broking, and Kotak Securities.

Conclusion – Best Demat Account in India

Among various stock brokers, Zerodha tops the list in regard to demat accounts. There are many reasons behind like competitive brokerage, free delivery trading, and great trading platforms.

The second spot is secured by Angel Broking due to its continuous exposure to web technology and innovation.

Other prominent names that can be considered for opening the best demat account in India are Edelweiss, Sharekhan, and 5Paisa.

FAQs about choosing Best Demat Account in India


How to browse through the best demat account offers in India?

Among various parameters considered for demat account opening in India, you can consider five major parameters that can be estimated and choose the best one.

What are the Facilities that can be Availed by Opening a Demat Account?

You can avail Share Transfer, Loan Facility, Dematerialization & Rematerialisation and other Corporate Benefits once opened a demat account.

What are the documents required to open a demat account?

The following documents are required to open the best demat account in India.

    • Proof of Income, Proof of Identity and Proof of Address

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2 thoughts on “Best Demat Account in India

  • May 30, 2020 at 11:30 am
    Permalink

    A very informative post. For the best demat account do visit here.

    Reply
    • June 1, 2020 at 11:17 am
      Permalink

      thank you so much varuhi!

      Reply

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