Thanks to the evolution and ever-developing technical advancements today, every individual has access to the world of investment and trading. Now, opening and managing a Demat and Trading Account is a piece of cake and one of the most convenient as well secure processes.
Along with this accessibility and ease, a large number of entities have also jumped into the field so as to offer Best Demat Account in India to the investors. In this race of becoming the best Demat Account provider, entities are attempting their best to offer facilities that no other stock broking company has introduced. This constant competition in the market keeps the stock broking companies on their toes, and the customers are open to new and innovative features every day.
Whether in the form of lower brokerage, account maintenance charges, or inventive investment plans, stock brokers are initiating offers to keep their customers engaged and attract new ones.
As we are aware that a Demat Account is a primary requirement of having a trading career. The account lets the investors hold and maintain their financial instruments in dematerialized form. Further, Demat accounts for various other features too. So, it is important to consider every factor briefly before opening your Demat Account with a stock broking company.
The best way to pick the most suitable Demat Account is by putting them side by side and comparing the offerings and features of each. So, now we will compare some of the top Demat Accounts offered by Indian stock broking companies.
Angel One Demat Account and Zerodha Demat Account
Angel One and Zerodha are among India’s best and most highly used stock broking entities. They both have their strengths that keep their customers engaged. Angel Once offers a Free Account opening to its customers, whereas Zerodha charges Rs. 200 for the same, and this is one of the most notable points of distinction between Angel One and Zerodha.
Both entities offer online account opening and a paperless process to ensure ease and comfort. They allow access to a broad range of products and services to choose from for trading.
ICICI Direct Demat Account and Upstox Demat Account
Now, these two companies, ICICI Direct and Upstox, are two very distinctive entities, and the one business that binds them is stock broking. ICICI Direct is the brainchild of ICICI Bank, whereas Upstox is an online trading platform instituted to cater to investors and, primarily, retail investors. They offer a variety of services to their customers with their Demat and Trading Account.
ICICI Direct and Upstox offer FREE account opening. Their Annual Maintenance Charges vary from each other. ICICI Direct does not charge AMC from the customers for the first year and from the subsequent year, a sum of Rs. 300 is charged from the customers. Upstox charges Rs. 249 as AMC from its users.
Groww Demat Account and Upstox Demat Account
Groww and Upstox offer an online trading platform to traders and investors. They have led down a variety of financial products where investors can invest and enhance their wealth. Both entities are technology-driven and provide new-age customer-friendly platforms.
Groww and Upstox offer Free Demat Account openings to their customers. Their brokerage charges are distinct from each other, and you can learn more about the brokerage charges from our Brokerage charges page.
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