Top 10 Demat Account Brokers in India 2019 Updated List - Investallign

1
Top 10 Demat Account Brokers in India
2
Top 10 Demat Account Brokers in India

• Investallign the best stock broker presents a
  list of top 10 demat account brokers in India. If
  you are looking for the best demat account then,
  your search ends here.  Go through an exclusive
  list of the best Demat and Trading Accounts
  providers in India Comparison and Review and
  choose the best trading platform that suits you.
  This list includes both Full Service as well as
  discount brokerage companies.

3
Top 10 Demat Account Providers in India 2019

• In India they are two major depositories
• NSDL ( National Securities Depository Limited )
• CDSL ( Central Depository Services Limited )
• Role of Depositories
• Who want to invest in stock market in India has
  to open demat account in any one of two
  depositories. A DP can be Stock Broker, Bank or
  any Financial institution. DP is just like Bank
  account where you can save or hold your
  Electronic Share Certificate. To avail facilities
  investor open DP account with any of Demat broker
  in India.

4

• There were 273 DPs of NSDL and 654 DPs
  of CDSL registered with SEBI. Few lists of Demat
  account brokers will cover for comparison.
• Now will discuss Top 10 Demat Account Brokers In
  India and Demat Account Brokerage Charges
  Comparison. So many Broker offer Free Demat
  account to their Client.
• List of Top 10 Demat Account Companies in
  India

OPEN FREE DEMAT ACCOUNT
5

• Zerodha
• Zerodha means Zero Rodha (Means Barrier) Zero
  Barrier as its name Zerodha is lead the chart of
  Best stock Broker and DP in India. With base of
  10 lacs active clients Zerodha is youngest Top
  10 DP Stock Broker in India. Best Demat Account
  Broker in India.
• Zerodha DP Account Charges Offer lowest
  Brokerage Charges Demat Account
• Account opening Rs 300 for Individual and Rs
  1000 for non- individual
• Advance Deposit NIL
• Account Maintenance Rs 300 for Individual and Rs
  1000 for non- individual
• Transaction Charges On Market Rs Rs.85.5 (CDSL
  charges)
• Transaction Charges Off Market 0.03 or Rs.25
  whichever is higher
• Pledge Creation 20 Rs.12 per request (CDSL
  charges)
• Other Charges Physical Statement Rs 50 (
  Courier Charges ) , Modification Rs 50
• Demat Charges Per Certificate 150/ Rs.100
  courier charges
• Remat Charges Per Certificate Rs. 150/
  Rs.100 courier charges CDSL charges

6

• Why Zerodha ?  Zerodha is currently 1st choice
  of Trader and Investor lobby. Few bullet points
  will cover here why Zerodha is best for all.
  Zerodha offer lowest Brokerage Charges for
  Trading and Demat Account.
• Free Delivery Investment  Zerodha offer Zero
  Brokerage in Delivery in NSE BSE segment
• Coin Direct mutual fund  with help of Zerodha
  Coin you can invest direct mutual fund without
  paying extra cost or commission. You can save
  upto 25 lacs in 25 yrs with it  HOW?
• Zerodha Kite  World one of best Trading
  Platform. Simple and powerful tools for active
  trader. More then 150 indicators and chart
  patterns supported. Mobile Trading app available
  in Android as well as IOS.
• Zerodha Varsity  Varsity offer in-depth
  knowledge of stock market. Its free interactive
  blog where you can read and ask your doubt. Soon
  Zerodha Varsity APP for Android and IOS.
• Lowest Brokerage  YES, you read it right Zerodha
  offer lowest brokerage for trader. Rs 20 or 0.01
  which is lower for intraday trading in Cash , FO
  and Currency 

7

• 2. ICICI Direct
• ICICI Direct its Broking arm of Indias private
  sector leading bank of ICICI Bank. Being Banka
  Broker its enjoy Brand value.  With Highest Demat
  Account ICICI Direct is Top 10 Demat Broker in
  India.
• ICICI Direct Demat Account Charges
• Account opening Rs 975 for Individual
• Advance Deposit 2500/- for non ICICI Bank
  client
• Account Maintenance Rs 700 for Regular NIL
  if Value of DP less than 50,000
• Transaction Charges On Market Rs 0.04
  Transaction Value of Each CID. Minimum Rs 30 per
  script.
• Transaction Charges Off Market Rs 0.04
  Transaction Value of Each CID. Minimum Rs 30 Per
  script.
• Pledge Creation 02 or Rs 35 whichever is higher
  if ICICI Bank counter party else 0.06 or Rs 60
  whichever is higher (Max 25000 Rs.)
• Other Charges Duplicate Statement Rs 20 per
  statement (Courier Charges), DIS booklet charges
  Rs 50 per booklet.
• Demat Charges Per Certificate Rs. 50/
  Rs.100 courier charges
• Remat Charges Per Certificate Rs. 25/
  Rs.100 courier charges CDSL charges

8

• 3. HDFC Securities
• One of leading name in Broking industry for their
  Service. Again its Banka Broker HDFC Securities
  is broking part of HDFC Bank Leading Bank in
  India. HDFC Securities having more than 7 lac
  active DP Accounts as per UCC data by NSE.
• HDFC Securities DP Account Charges
• Account opening Rs 999Account Opening charges
  for one time
• Advance Deposit Rs 7500 for non hdfc bank
  client.
• Account Maintenance Rs 750 for Regular if DP
  value less than 50,000 NIL
• Transaction Charges On Market 04 of
  Transaction value or Rs 25 whichever is higher
• Transaction Charges Off Market 0.04 of
  Transaction value or Rs 25 whichever is higher
• Pledge Creation NIL
• Other Charges Physical Statement on request Rs
  35 ( Courier Charges ) ,DIS booklet Rs 75 per
  booklet.
• Demat Charges Per Certificate Rs. 35 per
  Dematerialisation request.
• Remat Charges Per Certificate Rs. 30 Per
  request CDSL charges
• Also Read Top 10 Stock Brokers in India

9

• 4. Sharekhan Limited
• One of the oldest Demat Broker in India.
  Sharekhan is one of few broker who offer internet
  base trading platform in India in earlier in
  2000. Sharekhan member of CDSL as well as NSDL
  Depositories.
• Sharekhan Limited DP Account Charges
• Account opening Rs 750 Account Opening charges
  its set off against in Brokerage.
• Advance Deposit Rs 2999for DP
• Account Maintenance Rs 400 for Regular if DP
  value less than 50,000 NIL
• Transaction Charges On Market 03 of
  Transaction value or Rs 30 whichever is higher
• Transaction Charges Off Market 0.03 of
  Transaction value or Rs 30 whichever is higher
• Pledge Creation 03 on Transactional value,
  Minimum Rs 100 per Transaction.
• Other Charges Client Master Charges Rs 30 per
  Request.
• Demat Charges Per Certificate -Rs 5, Rs. Minimum
  50 per Dematerialisation request.
• Remat Charges Per Certificate Rs. 50 Per
  request CDSL charges

10

• 5. Axis Securities
• Axis Securities is Broking venture of Axis Bank.
  Axis Direct is Branding name of Axis Securities. 
  Axis Securities also top 5 Best Demat account
  Broker in India. Axis acquires Enam Securities
  and starting their broking business in 2010.
• Axis Securities DP Account Charges
• Account opening NIL
• Advance Deposit NIL
• Account Maintenance Rs 500 for Individual , Rs
  1000 for NRI Rs 5000 for Corporate
• Transaction Charges On Market Rs 10 Flat Charges
  Per Transaction
• Transaction Charges Off Market Rs 25 Flat
  Charges per Transaction
• Pledge Creation NIL
• Other Charges Physical Statement on request Rs
  35 ( Courier Charges ) ,DIS booklet Rs 75 per
  booklet.
• Demat Charges Per Certificate Rs. 3
• Remat Charges Per 100 Shares Rs. 10 CDSL
  charges

11

• 6. Kotak Securities
• Kotak Securities founded in 1994 with aim to
  provide stock broking service and distribution
  financial product by kotak Mahindra Bank. Kotak
  Securities is one of reputed name in Broking
  industry for their research and client service.
• Kotak Securities DP Account Charges
• Account opening Rs 750 Account Opening charges
  for one time Trading Cum Demat
• Advance Deposit NIL
• Account Maintenance Rs 600 for Regular if DP
  value less than 50,000 NIL
• Transaction Charges On Market 04 of Transaction
  value or Rs 27 whichever is higher CDSL
  Charges.
• Transaction Charges Off Market04 of Transaction
  value or Rs 25 whichever is higher CDSL
  Charges.
• Pledge Creation 05 of value of securities
  Minimum Rs 30
• Other Charges NIL
• Demat Charges Per Certificate Rs 3 Rs. 50 per
  Dematerialisation request.
• Remat Charges Per 100 Shares Rs. 10 Per
  request CDSL charges

12

• 7. Karvy Stock Broking
• One of the oldest Stock Broking in India. Karvy
  Group has so many other businesses in financial
  sector. Has very strong presence in south India.
  Karvy has more than 2.5 lacs active client as per
  UCC report by NSE.
• Karvy Stock Broking DP Account Charges
• Account opening NIL
• Advance Deposit NIL
• Account Maintenance Rs 500 for Individual , Rs
  1500 for NRI Rs 5000 for Corporate
• Transaction Charges On Market Rs 15 Per
  instruction
• Transaction Charges Off Market Rs 30 Per
  Instruction up to 30000 value after Rs 10 on
  every 30,000 value ( Maximum Rs. 1000 )
• Pledge Creation 05 of value of securities
  Minimum Rs 30
• Other Charges NIL
• Demat Charges Per Certificate Rs 5 Rs. 40
  Courier Charges per Dematerialisation request.
• Remat Charges Per 100 Shares Rs. 20 or Rs 20
  Per request whichever is higher CDSL charges.
• Also Read Top 10 Discount Brokers in India

13

• 8. 5Paisa Capital / India Infoline Ltd
• In 2015 India Infoline Launched Discount Broking
  company name 5paisa. 5paisa also listed in NSE
  exchange. 5Paisa offer lowest Brokerage Charges
  Demat Account in India. If you want to open demat
  account with discount brokerthen 5paisa is one of
  your pick.
• 5Paisa Capital DP Account Charges
• Account opening NIL
• Advance Deposit NIL
• Account Maintenance Rs 400 for Individual , Rs
  1000 for Non Individual
• Transaction Charges On Market 025 on
  transaction value or Rs 25 whichever is higher
• Transaction Charges Off Market 0.025 on
  transaction value or Rs 25 whichever is higher
• Pledge Creation Rs 50
• Other Charges Rs 40 Per requested Statement for
  courier charges.
• Demat Charges Per Certificate Rs 15
• Remat Charges Per 100 Shares Rs. 15 or Rs 15
  Per request whichever is higher CDSL charges.

14

• 9. Motilal Oswal Securities Ltd
• In Traditional Broker Motital Oswal name top of
  the chart. Because of their research and Pan
  India presence. Motital Oswal started in 1987 and
  3,16,118 active clients in 2018 ( Source NSE )
  , Best in-house research team. PMS also offered
  by Motilal Oswal.
• Motilal Oswal DP Account Charges
• Account opening NIL
• Advance Deposit NIL
• Account Maintenance Rs 899 for Individual , Rs
  2500 for Non Individual
• Transaction Charges On Market 035 on
  transaction value or Rs 35 whichever is higher
• Transaction Charges Off Market 0.4 on
  transaction value or Rs 40 whichever is higher
• Pledge Creation Rs 35 or 0.02 on value
  whichever is higher.
• Other Charges Rs 40 per requested Statement for
  courier charges.
• Demat Charges Per Certificate Rs 50 Rs 100
  per request
• Remat Charges Per 100 Shares Rs. 35 or Rs 35
  per request whichever is higher CDSL charges.

15

• 10. Angel Broking Pvt Ltd
• Angel Broking has more than 3 lacs active
  clients as per UCC data by NSE. offer their
  client to online and offline trading facilities
  in Equity, FO, Commodities and currency across
  BSE,NSE,NCDEX MCX. Angel Broking also offers
  investment option in mutual fund IPO to their
  client. Angel has many prestigious awards for
  their retail participants. But their brokerage is
  very high compare to other leading discount
  broker.
• Angel Broking DP Account Charges
• Account opening NIL
• Advance Deposit NIL
• Account Maintenance Rs 450 AMC , Rs 2500 life
  time AMC
• Transaction Charges On Market Rs 20 Per
  Instruction
• Transaction Charges Off Market Rs 20 Per
  Instruction
• Pledge Creation Rs 25 Per instruction
• Other Charges Rs 40 Per requested Statement for
  courier charges.
• Demat Charges Per Certificate Rs 20
• Remat Charges Per 100 Shares Rs. 30 or Rs 30
  Per request whichever is higher CDSL charges.
• Also Read Which is the best Demat Account for
  Beginners?

16
CONTACT US
Address 28, General Bank Chamber
Opp Municipal Market
Above kotak Bank C.G.Road
,Ahmedabad India Gujarat
380009 Phone [phone]
Website https//www.investallign.in/