Earlier the shares or securities were traded through a physical manner i.e is in the form of certificates. To reduce the risk of forgery, damage or loss Demat Account or Dematerialized Accounts came in existence. These are the accounts where the shares or securities are held electronically. When there is any online trading i.e. buying or selling of shares or securities a Demat account is required. These services are provided by NSDL OR CDSL through depositary participants or stockbrokers.
- Wisdom Capital
Openingof Demat account and trading of securities through wisdom capital is done for free. The discount broker does not charge a fee and is recognized as a low brokerage Demat account. Also, these allow investing and trading in shares, Mutual Funds, currencies, commodities, F&O. The brokerage fee charged by the wisdom capital is very low as compared to other brokers.
- 5 Paisa
5paisa is a small segment of India Infoline. The 5 paisa is a Mumbai based discount broker which has brought the new framework for buying and selling shares in the stock market. the 5 Paisa is the fastest growing discount broker and a flat fee is Rs 10 for the trading transaction. The services are provided for free i.e. 0% brokerage.
- Zerodha
Zerodha was the first which came with the idea of charging a flat fee for brokerage in the stock market and is the best for small investors. But in recent, the discount broker has started charging the flat fee and charges Rs 20 per executed order. Also, the discount broker charges the fees for opening a Demat Account.
- UPSTOX
The upstox is known as RKSV securities. The discount broker offers a low brokerage, high margins and trading in shares, currency, Mutual Funds, etc. The brokerage fee is Rs 20 per trade and also charges Rs 150 for opening Demat account. The upstox does not charge a brokerage fee for delivery.
- ICICI Direct Demat Account
The ICICI Direct is the largest brokerage company which is part of ICICI securities. It provides various types of services and investment options in Shares, Mutual Funds, IPO, SPO, bonds, home loans. The charges for opening the Demat account is Rs 100 and there are charges for maintenance Rs 500. It also offers 3 types of brokerage plans namely- saver plan, secure plan, and prepaid brokerage plan.
- SBI Securities: SBI Demat Account
The SBI Demat account is registered with SEBI. It is the part Of SBI Capital Market LTD. It allows both Indian and Non-Indians (NRIs) to invest or trade in Shares, Mutual Funds, IPOs online. The SBI Demat account provides an additional facility of the instant fund and share transfer.
- Kotak Securities
It is a segment of Kotak Mahindra Bank is a Mumbai based discount broker and are the members of NSE and BSE. This group provides proper education and guidance to the traders allows you to invest in Shares, ETF, Mutual Funds.
These are the best through which Demat account can be opened a can be compared based on Demat account fees, maintenance fees, charged fees. Also, some of the discount brokers provide knowledge and guidance where and in which firm to open a Demat account.
You must be logged in to post a comment Login