Top 10 Demat Account Providers in India (2025): Features, Charges, Official Links & Comparison
Introduction
A Demat Account (Dematerialized Account) is a mandatory gateway for investing in the Indian stock market. It stores securities like shares, mutual funds, ETFs, and bonds in digital format — ensuring hassle-free, secure, and paperless trading.
In this article, we bring you the Top 10 Demat Account Providers in India for 2025 — curated based on popularity, user experience, charges, tools, and official backing. We’ve also added official links so you can explore or register instantly.
🥇 1. Zerodha
Overview:
Zerodha revolutionized discount broking in India. It is the largest stockbroker in India with a loyal user base, known for its minimal charges and the intuitive Kite trading platform.
Features:
- ₹0 brokerage on equity delivery
- ₹20 flat per trade for intraday, F&O
- Kite app and web platform
- Direct mutual fund investments via Coin
Charges:
- Account Opening Fee: ₹200 (Trading & Demat)
- AMC: ₹300 per year
Official Website:
🥈 2. Upstox
Overview:
Upstox is a tech-driven discount broker backed by investors like Ratan Tata. Its clean UI, fast execution, and affordable pricing make it a top pick for modern traders.
Features:
- ₹0 on equity delivery
- ₹20 per trade for intraday and F&O
- Powerful Upstox Pro platform
- Real-time charting tools
Charges:
- Account Opening: Free (offer-based)
- AMC: ₹300 per year
Official Website:
🥉 3. Angel One
Overview:
Angel One (formerly Angel Broking) is a full-service broker that offers both low-cost trading and research-backed insights, bridging the gap between discount and traditional brokers.
Features:
- ₹0 on delivery trades
- ₹20 on intraday & F&O
- Angel One App with Smart API
- Free stock recommendations & reports
Charges:
- Account Opening: Free (offer-based)
- AMC: ₹240/year
Official Website:
4. Groww
Overview:
Originally a mutual fund platform, Groww now allows stock trading through a beginner-friendly app. It’s ideal for new investors with a mobile-first mindset.
Features:
- Simple onboarding and KYC
- ₹0 delivery, ₹20 intraday
- Mutual funds + stocks in one app
- No hidden charges
Charges:
- Opening: Free
- AMC: Free
Official Website:
5. ICICI Direct
Overview:
A full-service broker from ICICI Bank, offering seamless integration through its 3-in-1 account (bank, trading, and Demat). Ideal for high-net-worth individuals.
Features:
- Trusted brand with solid advisory services
- IPO, FD, Bonds, SIP, Insurance — all in one place
- Research-backed calls and premium services
Charges:
- Opening: Free (linked with 3-in-1)
- AMC: ₹700/year (waivable with offers)
Official Website:
6. 5paisa
Overview:
Backed by IIFL, 5paisa is a cost-effective alternative for investors looking for both equity and insurance solutions.
Features:
- ₹20 flat fee per order
- Mutual funds, insurance, loans available
- Premium research tools for Pro plan users
Charges:
- Opening: Free
- AMC: ₹300/year
Official Website:
7. HDFC Securities
Overview:
A trusted name with the backing of HDFC Bank, offering comprehensive investment services and a secure trading experience via the HDFC Bank 3-in-1 account.
Features:
- Advanced HDFC Blink platform
- Equity, mutual funds, derivatives, and IPOs
- Personalized relationship manager (for premium)
Charges:
- Opening: ₹999 (waivable)
- AMC: ₹750/year
Official Website:
8. Kotak Securities
Overview:
A full-service broker backed by Kotak Mahindra Bank. Offers integrated bank-Demat-trading account and AI-driven portfolio tools.
Features:
- Free intraday trading with Trade Free Plan
- Kotak Stock Trader App
- Customizable investment plans
Charges:
- Opening: Free (offers)
- AMC: ₹600/year
Official Website:
👉 https://www.kotaksecurities.com
9. Sharekhan
Overview:
One of India’s oldest brokers, Sharekhan is known for its rich research offerings and full-service model, now backed by BNP Paribas.
Features:
- Free training for beginners
- Tiger Trade desktop platform
- In-depth equity research
Charges:
- Opening: ₹0 (may vary)
- AMC: ₹400/year
Official Website:
10. Motilal Oswal
Overview:
With a strong research team and personalized investment support, Motilal Oswal is suited for long-term investors and traders who value advisory.
Features:
- Advanced analytics tools
- Research reports across all asset classes
- Portfolio restructuring & wealth management
Charges:
- Opening: Free (conditions apply)
- AMC: ₹400/year
Official Website:
👉 https://www.motilaloswal.com
🧠 Conclusion: Which Demat Account Should You Choose?
- New investors: Groww, Upstox, Zerodha
- Research-driven: Angel One, Sharekhan, Motilal Oswal
- Bank-linked security: ICICI Direct, HDFC Securities
- Low brokerage: Zerodha, 5paisa
👉 Always compare features, AMC, and user interface before choosing a broker.
