Opening a Demat account is the first step toward investing in stocks, mutual funds, ETFs, IPOs, and more. With dozens of platforms available, choosing the right Demat account provider can be confusing. Each platform differs in brokerage charges, features, usability, and customer support.
To help you make an informed decision, here’s a curated list of the Top 10 Demat Account Service Providers in India (2026 Updated), based on reliability, pricing, features, and user experience.
Table of Contents
Zerodha
Best for low-cost trading
Zerodha continues to dominate the Indian trading market due to its zero-brokerage equity delivery and flat-fee trading model.
Key Features:
• Zero brokerage on equity delivery
• ₹20 per trade for intraday & F&O
• Powerful platforms like Kite & Coin
• Ideal for beginners and active traders
Upstox
Best for budget traders
Upstox offers fast execution, low brokerage, and a simple mobile app, making it a favorite among young investors.
Key Features:
• Zero delivery brokerage
• ₹20 per order for intraday & F&O
• Advanced charting tools
• Easy account opening
Angel One
Best for research & advisory
Angel One blends discount brokerage with strong research tools and advisory services.
Key Features:
• Zero brokerage on equity delivery
• Smart recommendations
• ARQ Prime AI-based advisory
• Suitable for long-term investors
Groww
Best for beginners
Groww is known for its clean interface and simple investing experience, especially for first-time investors.
Key Features:
• Zero brokerage on equity delivery
• Easy-to-use mobile app
• Ideal for mutual funds & stocks
• Transparent pricing
ICICI Direct
Best for premium banking integration
Backed by ICICI Bank, ICICI Direct offers a secure and feature-rich trading ecosystem.
Key Features:
• 3-in-1 account (Bank + Demat + Trading)
• Strong research reports
• Trusted brand
• Higher brokerage compared to discount brokers
HDFC Securities
Best for long-term investors
HDFC Securities is preferred by investors who value trust, stability, and strong research.
Key Features:
• 3-in-1 account facility
• Comprehensive market insights
• Secure transactions
• Best for conservative investors
Kotak Securities
Best for diversified investment options
Kotak Securities offers a wide range of investment products with strong offline and online support.
Key Features:
• Zero brokerage plans available
• Research-backed recommendations
• Good customer service
• Trusted banking partner
Axis Direct
Best for research-driven investors
Axis Direct focuses on quality research and detailed investment reports.
Key Features:
• In-depth equity research
• 3-in-1 account option
• Suitable for long-term investing
• Higher brokerage structure
Motilal Oswal
Best for serious traders & investors
Motilal Oswal is well-known for its expert research and advisory services.
Key Features:
• Strong equity research
• Personalized advisory
• Good for high-volume investors
• Premium brokerage plans
Paytm Money
Best for app-based investing
Paytm Money has grown rapidly due to its simple onboarding and integration with the Paytm ecosystem.
Key Features:
• Zero brokerage on equity delivery
• Simple mobile-first platform
• Good for new-age investors
• Easy KYC process
How to Choose the Right Demat Account Provider?
Before opening a Demat account, consider:
• Brokerage & hidden charges
• Ease of use (app & web)
• Research & advisory support
• Customer service quality
• Your trading or investment style
Conclusion
Choosing the right Demat account provider can significantly impact your investing journey. If you prefer low-cost trading, discount brokers like Zerodha, Upstox, and Groww are ideal. If you value research, advisory, and banking integration, full-service brokers like ICICI Direct, HDFC Securities, and Axis Direct are better suited.
Evaluate your goals, compare features, and select the platform that aligns best with your investment strategy in 2026.
