Welcome to my new blog article, In this article, I will tell you the comparison of the top 4 Demat & Trading account platforms. Zerodha, Angel One, Upstox & Groww. So, that it will be easy for you to find best demat account for investment.
I will tell you which of these four is the best Demat account. Also, we will discuss the features, charges, pros & cons of all the share trading platforms. We will see which are the top brokers on today’s date according to NSE.
In the last 2 to 3 years people have opened lots of Demat accounts. But the active user is less. People have opened Demat accounts but they do not use them. So we will also see how many active users are there on these platforms.
According to the NSE database, there are 42 lakhsActive Demat Accountsin the year 2013-14. And now this number increased to 7.24 crores in March 2023.
The growth in demat account numbers has been driven by a number of factors, including the rise of online trading platforms, the increasing popularity of stocks and mutual funds, and the government’s efforts to promote financial inclusion.
Many Demat accounts were opened during the time of covid. But many of them are inactive accounts. In which there is neither an investment nor trade was ever done.
So, here I have shown the Number of Active Clients to each broker according to theNSEdatabase.
Comparison of 4 Brokers
All the brokers in the market are good. They provide various kinds of services to their clients. After considering this comparison, you have to choose brokers according to your requirement.
Here we will compare the top 4 Brokers according to their market cap. Other Stock Brokers are also good but they have less market cap. We will discuss them in our next blog article.
1] Zerodha
1) Investment in Equity, Commodity, Currency & Futures.
2) You can invest in IPO, Mutual Funds, Bonds, and ETFs (Exchange Traded Funds).
3) Account Opening Charges: Equity – ₹200 & Commodity – ₹100.
4) Demat Account AMC: ₹300
2] Upstox
1) Investment in Equity, Commodity, Currency & Futures.
2) You can invest in IPO, Mutual Funds, Bonds, and ETFs (Exchange Traded Funds).
3) Account Opening Charges: ₹249. (sometimes it is free when the offer is available)
4) Demat Account AMC: ₹249
3] Angel One
1) Investment in Equity, Commodity, Currency & Futures.
2) You can invest in IPO, Mutual Funds, Bonds, and ETFs (Exchange Traded Funds).
3) Account Opening Charges: Zero
4) Demat Account AMC: ₹240
4] Groww
1) Investment in Equity & Futures.
2) You can invest in IPO, Mutual Funds, and ETFs (Exchange Traded Funds). But not in Bonds.
3) Account Opening Charges: Zero
4) Demat Account AMC: Zero
Also, Mobile Trading & Charting is available on all of the above platforms.
Importance of Choosing Best Demat Account for Investment
- Lower Brokerage & Transaction Costs – The brokerage charges, AMC fees, transaction costs etc. can vary across demat accounts. Choosing right account with lower costs means better savings.
- Trading Platforms – Leading demat accounts offer robust trading platforms and mobile apps with advanced charts, analysis and order options. This makes trading seamless.
- Research & Advisory – Many demat accounts provide research reports, market insights and investment advisory from experts to help make informed trading decisions.
- Customer Service – Good demat accounts invest in quality customer care via channels like call center, email, chatbot for quick grievance redressal. This provides convenience.
- Safety & Security – Opting for a demat account from a reputed bank or broker reduces risks related to fraud, scam, hacking etc. and ensures the safety of your securities.
- Seamless Trading – Choosing a technologically advanced demat account enables seamless trading, market access, faster settlements and ease of linking savings account.
- Value Added Services – Some demat accounts provide value added services like IPO applications, digital loan against shares, demat of physical shares etc. beyond just core demat facilities. So these are also helpful.
Therefore, evaluating factors like costs, services, security, platforms etc. becomes important before opening a demat account for managing your investments efficiently. The right demat account can be a long-term partner in your investing journey.
So these are the 4 major brokers of the market. I have told you the features and pricing of these four by comparing them. Now you can open best demat account for investment any of these platform according to your need.
Kindly, share this article with those people who are thinking of opening a Demat account.
Nice Article