A Demat account is a must one for any individual that is looking to buy and sell shares. The Demat account is used for holding shares in the electronic format. If you are a new investor, it is imperative to choose the best Demat trading account for long-term investment; otherwise, you will end up paying a lump sum fee and additional charges for every transaction. There are different charges for opening and maintaining a Demat account.
A Demat account is just like a bank account. The only difference is your bank account will hold your money and a Demat account will keep your shares. This is why it is important to consider the following factors while choosing the best Demat trading account for long-term investment.
- The brokerage rates
- Education and learning about the basics of the stock market and trading
- Gain investment tips from different market research reports
- Intraday trading tips
All these things will make it easy for you to use a platform. Here are the trading platforms that offer the best Demat account for long-term investment.
Demat Trading Account
ICICI Direct is the leading financial services provider in India. Any beginner can easily open a Demat account through ICICI Direct and start their trading. Along with that, it also offers a 3 in 1 service that helps the beginners in trading and managing funds at a single place. The beginners will not have any issue in transferring funds.
The website offers a wide array of investment products that include Mutual Fund & IPO, Online Equity Trading, Bond Derivatives Trading, Fixed Deposit, Home Loans, Wealth Products, and more. The minimum brokerage charges are Rs. 35 per trade and the Demat account maintenance charges include Rs. 500 per annum.
Zerodha is a very prominent name as a provider of the best Demat trading account for long-term investment in India. This is the first brokerage firm that also introduced the concept of discount broking. Zerodha charges zero for equity delivery and the fixed brokerage charge is Rs. 20 for any transaction.
You can also use the Zerodha Calculator for knowing the charges to the users. At present, Zerodha has got an active client base of almost 6 Lakhs. The Demat account maintenance charge is Rs. 300 per annum and the trading account maintenance charge is free. Also, the Demat account opening charge is Rs. 300.
One of the most important reasons for Zerodha’s success as a stockbroker and financial services provider is, it has an open-minded approach. This allows a wide array of individuals throughout the country to be a member of this brokerage house and trade under this firm’s banner without any inhibitions.
Just like Zerodha, similarly, Sharekhan is also a very prominent stockbroking service provider. As a beginner, you will have the option to trade in a wide array of financial segments. Also, Sharekhan will assist the beginners with multiple research reports, stock market tips, and recommendations.
In other words, this is the most helpful provider of the best Demat trading account for long term investment. Most importantly, Sharekhan has got 170+ branches in 575 cities in India. Therefore, it is also one of the most trusted stockbroking service providers in India.
This is yet another popular stockbroking firm in India. It offers valuable services to different clients in every aspect. For instance, if you are a beginner, you can take their help/advice before making an investment. Moreover, the small investor can open a Demat account with the help of Angel Broking because it is a high-tech trading platform.
Angel Broking will offer you with automated trading tips along with an ARQ investment engine. Thus, there will be no human intervention. Also, it is the 2nd best brokerage firm in terms of coverage of the geographical locations.
To get the best Demat trading account for the long-term, you have to be aware of the emerging stockbroking service providers as well. This is where 5Paisa comes in. It is one of the fastest-growing brokerage firms in India. Furthermore, it is also one of the most reliable stockbrokers in the country as well.
It is backed up by its parent company, the India Infoline. The lowest brokerage is at Rs. 10 per order. It also offers free research tips and recommendations. 5Paisa offers a reliable browsing application and a smooth mobile trading app.
Upstoxis one of the best discount brokers in India that offers a great Demat account for long term investment. Furthermore, it offers cheap brokerage charges. There is a fixed brokerage charge of Rs. 20 for every intraday trade, regardless of the trading volume. Also, it offers free stock delivery. Thus, you can save a good amount of money.
This is an extremely fast trading platform in India. At present, it offers zero brokerage offers for new account opening. You will be able to do a free trade for the next 30 days worth thousands, without spending a single penny. The account opening process is quick and you will get a benefit of Rs. 4000.
Religare Demat account
Religare Securities Ltd. is a wholly-owned subsidiary of Religare enterprise. It is a diversified financial service group that serves more than 8 Lakh consumers across both online and offline platforms. RSL offers broking services in currency, commodity, and equity along with a wide array of depository participant services. The best features of Religare Securities Ltd. include:
- No Demat Account opening charges
- There are no trading account opening charges
- There are no first-year annual maintenance charges
You can opt for a free lifetime annual maintenance charges with a one-time payment of Rs. 2500.
Motilal Oswal Demat Account
Motilal Oswal offers a wide array of services that include private wealth management, retail broking, asset management, institutional broking, private equity, investment banking, currency broking, commodity broking, and home finance. At present, the company has got more than 1700 business locations with 7.5 Lakh registered customers.
The best part is, they offer strong research-based advice for the beginners that make things easy for them to trade. This is also one of the most important reasons to get your Demat account for long-term investment.
It offers investment banking services that include:
- Broking services
- Capital Markets (public issues, rights issues & private placement of equity and debt)
- Resource mobilization through Capital Markets
- Financial Engineering
The account opening charges are Rs. 850 while the annual maintenance charges are Rs. 800. The trading platforms include SBI Desktop Trading Software, which is also known as the eZ-trade@sbi. There is also an SBI smart trading mobile app. The mobile app allows the SBI customers to trade in equities and additional derivatives through mobile phones.
HDFC security limited is a subsidiary of the largest private bank in India, HDFC. The HDFC securities offer a 3-in-1 account that integrates the savings account, Demat account, and trading account.
- There are no account opening charges
- The account maintenance charges are Rs. 750.
The HDFC trading platform includes web-based trading which is also known as the “securities trading and securities processing”. This is ideally one of the safest e-brokerage platforms. It offers real-time market data and trading options. Also, there is an HDFC securities mobile trading app that allows trading in equities and derivatives through mobile phones.