Demat accounts enable Indians from all walks of life and communities to participate in trading stocks; it is like a bank savings account, but for investing. They convert physical holdings to electronic shares online. You can then access your holdings from anywhere, whether at your computer or your mobile app. Shares can be easily dematerialised and rematerialised.
A demat account holds all investments someone makes in stock shares, ETF’s, bonds, and mutual funds, all in one place. The risk of storing physical securities is thus greatly reduced. Demat accounts can now be opened online in as little as five minutes. Here are some of the top online platforms for demat accounts.
ICICI Direct
ICICI Direct puts all investments at your fingertips. You can open an online trading account in just 10 minutes, using any bank account. They enable investing in mutual funds, shares, and even silver and gold. Options and intraday trades are only ₹20, and future trading charges are ₹0. Commodity and currency derivative trades are also ₹20 on their Neo Brokerage Plan. You get your payouts in as fast as 5 minutes when you sell stocks. Over 55+ lakh trust ICICI group. Their 3 in 1 trading account also enables the function of an online trading account, a demat account, and a bank account.
AngelOne
AngelOne’s All-In-One Demat has multiple benefits. There is ₹0 zero brokerage on equity delivery trades. Intraday, commodity, and currency trades are just ₹20. They offer ₹15,000 worth of discount vouchers from many well known brands, such as GoMechanic, Bewakoof, and many more. They have 25 years of trust of their platform, and offer an instant account opening process. Read more on their infobase about “What is a Demat account?”
Zerodha
Zerodha’s demat account enables you to join 6 million other investors and start investing for free. Intraday and F&O trades are only ₹20. All direct mutual fund investments are absolutely free, with ₹0 commissions and DP charges. Zerodha is the largest broker in India, so rest assured that your funds are safe; they contribute to over 15% of all retail orders made daily, in categories as diverse as currency derivatives, commodity derivatives, futures, options, stocks, IPOs, direct mutual funds, and bonds and government securities. They offer a variety of education tools, as well as a robust suite of apps.
Kotak Securities
Kotak Securities offers handsome rewards. As with other demat options, there are ₹0 brokerage on intraday trades, and ₹20 per order for carry forward F&O trades. They have been in business for over 20 years, and service the needs of more than 20 million customers. There is 0% commission on Direct Mutual Funds, and stocks can be used as margin. Their variety of high-speed trading platforms make online investing and winning in the markets a cinch.
In Conclusion
Getting started trading stocks and funds is much easier than it used to be. Thanks to demat accounts, anyone can be a casual investor from home. Be sure to find the best demat account vendor to fit your needs.