Best demat & trading accounts in India
Side-by-side comparison of brokerage, AMC, account opening fee and app quality — for both first-time investors and active traders.
| Broker | Delivery | Rating | Open |
|---|---|---|---|
| Zerodha | ₹0 (Free) | ★ 4.8 | Open → |
| Groww | 0.05% or ₹20 (lower of) | ★ 4.7 | Open → |
| Upstox | 2.5% or ₹20 (lower of) | ★ 4.5 | Open → |
| Angel One | ₹0 / ₹20 (after 30 days) | ★ 4.4 | Open → |
| Dhan | ₹0 (Free) | ★ 4.6 | Open → |
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Frequently Asked Questions
Which is the best demat account for beginners in India?
For first-time investors, Groww is the easiest — clean UX, ₹0 account opening, ₹0 AMC, and one app for stocks, mutual funds and IPOs. Zerodha is the next best step once you start trading more actively.
Is Zerodha really free for equity delivery?
Yes — Zerodha charges ₹0 brokerage on equity delivery trades. You only pay the small statutory charges (STT, exchange fees, GST). Intraday and F&O trades cost the lower of 0.03% or ₹20 per executed order.
What is the difference between a demat and a trading account?
A demat account holds your shares electronically (like a digital locker). A trading account is what you use to buy and sell shares on the exchange. Most modern brokers open both as a single combined account.
Can I have multiple demat accounts?
Yes — SEBI allows multiple demat accounts. But each account has its own AMC, so most retail investors stick with one or two brokers.
Is my money safe with discount brokers like Zerodha or Groww?
Yes. All brokers are SEBI-registered, your shares sit with CDSL/NSDL (not the broker), and funds are segregated in your bank account. As long as you choose a SEBI-registered broker, your money and shares are safe.