Demat account is a must for an individual who is planning to buy and sell shares and can be used to hold shares in the electronic form.
New investors who wish to start trading should be smart in choosing a demat account or else he has to end-up paying a high fee and charges for each transaction. Different charges are applicable for opening and maintaining a demat account.
e.g. New investors can be interested in opening an account with low brokerage broking firm, firms offering zero account opening charges, or one with low Annual Maintenance Charges (AMC).
Individuals, while choosing a Demat account should check firms with good customer support along with other charges.
Zerodha
Zerodha was one of the first brokerages in the country to start discount broking in the country.
Zerodha is amongst the fastest growing, top volume contributors with an average daily trading turnover of over Rs 10,000 crores.
The brokerage firm charges a flat fee of Rs 20 per transaction.
- Equity delivery investments are offered free.
- Demat account opening charges are Rs 150.
- Demat account Annual Maintenance Charges (AMC) are Rs 400 per year.
- RKSV
RKSV has now become one of the largest low-cost brokerage firms in India with thousands of customers across the country.
RKSV charges a brokerage of just Rs 20 and there are 5 free trades per month under Dream plan.
- If you hold on to an equity trade overnight, you pay zero brokerage.
- TKSV charges Rs 20 per order traded regardless of the size of the trade.
- Demat account opening charges - Rs 300
- Demat account Annual Maintenance Charges (AMC) - Rs 400
Angel Broking
Angel Broking is one of the leading stock broking and wealth management firms, in India with a presence in 900 cities.
If you are new to stocks, you can consider this as there is free SMS advisory service.
- Demat account charges - Nil
- Zero account opening charges.
- Demat account Annual Maintenance Charges will depend on the brokerage plan.
- For equity intra-day trading the brokerage charge between 0.0128% to 0.032%.
- For equity delivery trading the brokerage charge between 0.128% to 0.32%.
- Motilal Oswal
Motilal Oswal has a vast experience of 30 years in the field with seven lakh customers.
The company is a 4-time winner of Best Performing Equity Broker by CNBC TV18 Financial Advisor Award.
- Demat Account Opening Charges - Nil
- Demat Account Annual Maintenance Charges - Nil
- For equity intra-day trading the brokerage charge - 0.05%
- For equity delivery trading the brokerage charge - 0.5%
Sharekhan
Sharekhan is one of the popular stock broking firm with an international presence through its branches in the UAE and Oman.
Individuals investors can get an idea of happening in the markets from Sharekhan fundamental research reports.
- Demat account opening charges - Nil
- Trading account opening charges - Rs 750
- Demat Annual Maintenance Charges- Rs 400
- For equity intra-day trading the brokerage charge - 0.01%
- For equity delivery trading the brokerage charge - 0.5%
SAS
SAS Online offers a lowest charges among discount brokers at Rs 9 per executed order. There are different plans available depending on the type of transactions.
For equity cash enjoy the benefit of having to pay 0.01% or Rs 9 whichever is lower for intra-day and 0.1% or Rs 9 whichever is lower for delivery.
About Money99
Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.
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