Best Broking firms to open Demat Accounts in India
Demat account is essential for a person who is considering buying and selling shares. It is sued to hold shares in the electronic form. New investors who want to start trading should carefully choose a broking firm or else he might end-up paying a high fee and charges for each transaction. Different charges are applicable for opening and maintaining a demat account.
Every investor has a different requirement when looking for a broking firm, like some are interested in opening an account with low brokerage broking firms, while some seek firms providing zero account openings charges or one with low AMC (Annual Maintenance Charges).People, while choosing a Demat account should look for a firm with good customer support along with other charges.
Below are list of Best Broking firms to open Demat Accounts in India with their package details:
Zerodha
Zerodha was one of the first brokerage firms in India to launch discount broking in the country. The company is now climbing high with its new technology. It is amongst the fastest growing, highest contributors with an average daily trading turnover of over Rs, 10,000 crores.
Now a trader or investor in equities can open demat account instantly with their Aadhaar Card. Zerodha charges a flat fee of Rs. 20 per transaction. In case of intraday and equity futures a fee of 0.01% or Rs. 20 per transaction is charged, depending on whichever is lower.
- Rs. 100 for Demat account opening.
- Free equity delivery transactions.
- Demat account Annual Maintenance Charges (AMC) are Rs. 300 per year.
Upstox
Upstox was previously named as RKSV. It has a team of top and leading investors and has now become one of the biggest low-cost brokerage firms in India with thousands of clients across the country. For intraday, F&O, commodity and currencies for each executed trade irrespective of the volume,Upstox charges a brokerage fee of Rs. 20. There is no brokerage charge for stock investments.
- Demat account opening charges – Zero
- Demat accountAnnual Maintenance Charges (AMC) -Rs. 150
Angel Brooking
It is one of the leading stock broking and wealth management companies in India with branches in over 900 cities. If you are a beginner, you can consider this brokerage firm as they also provide free SMS advisory service.
- Demat account opening charges – Zero
- Flat discount of 20% on brokerage for all online transactions
- Annual Maintenance Charges- Rs. 450 plus a onetime fee of Rs. 50 towards POA and Rs. 36 forKRA plus applicable service tax
MotilalOswal
MotilalOswal is backed by 30 years of experience in the stock market and 7 lakh clients. The company is a 4-time winner of Best Performing Equity Broker by UTI-CNBC TV18 National Financial Advisory Awards.
- Demat Account Opening Charges –Zero
- Free Brokerage for first month (limited period offer)
- Demat Account Annual Maintenance Charges – Rs. 441
- For equity intra-day trading the brokerage charge – 0.03-0.015%
- For equity delivery trading the brokerage charge – 0.25-0.18%
Religare Securities Ltd. (RSL)
Religare Securities Ltd. (RSL) is a subsidiary owned by Religare enterprise. It is a diversified financial service group which is serving more than eight lakh across both online and offline platforms. RSL provides broking services inequity, currency and commodity along with depository participant services. It also has a mobile trading platform.
- Demat Account Opening Charges – Zero
- Trading Account Opening Charges – Zero
- First Year Annual Maintenance Charges – Zero
- Annual Maintenance Charges From 2nd Year – Rs 500
Sharekhan
It is one of the most renowned stock brokering firms with a global presence through its branches in the Oman and UAE. Individual investors can get updates of the market from Sharekhan fundamental research reports.
- Demat account opening charges – Zero
- Demat Annual Maintenance Charges- Rs 400
- Trading account opening charges – Rs 750
- For equity intra-day trading the brokerage charge – 0.1%
- For equity delivery trading the brokerage charge – 0.5%
SAS Online
This brokerage firm provides lowest charges among discount brokers at Rs. 9 per executed order or you can go for monthly plan of Rs. 999 that provides unlimited trading. Depending on the type of transaction you can choose an apt plan from an array of plans.
- Demat account opening fee: Zero
- Account Annual Maintenance Fee: Rs. 200
Ventura Securities
It is a full service broking company which allows clients to invest in equity, equity derivatives, mutual funds, commodities, currency futures and fixed income products. The mobile app trading is very user-friendly and it also provides first year AMC (Annual Maintenance Charges) for free.
- Trading Account Opening Charges – Rs 150
- Demat Account Opening Charges – Rs 300
- First Year Annual Maintenance Charges – Zero
- Demat Account Annual Maintenance Charges – Rs 400
- Trading Account Annual Maintenance Charges- Zero
5PAisa.com
It is financed by one of India’s established financial service companies- IIFL. 5paisa.com provides an array of services at very low price. This brokerage firm is a perfect choice for people who like to trade on Mobile. It provides a number of services like you can do online trading, invest in Mutual Funds and also buy insurance policy.
- Demat account opening charges – Rs 750.
- Demat Annual Maintenance Charges- Rs 400.
- Trading account opening charges – Rs 750.
- For equity intraday trading the brokerage charges – Rs 10 per executed order.
- For equity delivery trading the brokerage charges – Rs 10 per executed order.
These are some of the best broking firms to open Demat accounts in India. So, choose a broking firm that according to you will be best able to suffice your requirements, without breaking your bank.