A Dematerialized account is known by its abbreviation Demat Account. A Demat account holds the equity and debt, mutually known as financial securities in electronic form. It is very similar to a bank account, but the difference is that the Demat Account holds the securities/shares in electronic form, whereas the bank account holds the money in electronic form.
The invention of the Demat Account has brought ease of keeping shares or securities in electronic form. Transferring and receiving shares in electronic form doesn’t require actual physical share certificates.
Characteristics of Demat Account
· Lower transaction charges
· Easy transferring securities
· No need for physical certificates for trading
· Safe & Secure
· Auto-credit of the stock split
· Auto credit of bonus shares
Choosing the best thing for ourselves is not an easy task. We have to look for multiple options to choose the best one. Choosing the best Demat account encompasses the same process. Before purchasing a Demat account, you should know its pros and cons In India, as many vendors are offering Demat accounts for investors. The list of best Demat accounts in India is categorized by the following characteristics.
On the Base of Active Clients
2. ICICI direct
3. Share Khan
4. Angel broking
On the Percentage of Complaint:
The list is in ascending order.
2. Share Khan
4. Angel Broking
Following is the list of best Demat account providers.
· Angel Broking
· Kotak Securities
· ICICI Direct
Best Demat Account for Beginners
Are you a beginner in marketing? If you are reading this content then you must have decided to start marketing and now looking for the guideline. In the beginning, you may find it difficult or hard to make decisions. But slow down, don’t panic. Make a list of your goals, expectations, and preferences. Before you start marketing and thinking for a small investment then you must know the marketing dynamics and their working.
Before starting the marketing you may get confused for finding a suitable broker as the market is full of stockbrokers offering services.
As a beginner, you must know about trading, basics of stock marketing, and initial education. You must look for the following qualities to choose the best Demat account for beginners.
· The ease for opening a Demat account
· Charges of annual maintenance
· Trading cost
· Software interface
· User interface
Before you start investing in trading you must fulfill the following requirements.
· Get the initial education on stock marketing basic and trading
· Get knowledge of low brokerage charges
· Your offline or online presence for quick customer services.
· You must know the industry tips and marketing research.
· Customer services
· Account opening charges.
Have you decided to dig in the trading? But what about the security factor? If you are looking for a secure Demat account then what will be more secure than your bank account?
Best Demat Account Bank
We all are familiar with the facilities and security provided by the bank. When it comes to the security of money transactions many people prefer banks. Most of us are having bank accounts. People trust their banks for receiving and transferring the money.
While trading, clients feel safe while transferring funds to the trading account. Most of the clients feel secure to use their bank account for trading. The best Demat account bank is an important parameter as it relates to safety. This parameter concerns the banking industry and the stockbrokers with a 3D party bank.
Banks providing Demat account facility:
· Kotak Security
· HDFC securities
· SBICap securities
· ICICI Direct
· Angel broking
· Sbicap securities
Best Demat Account for Mutual Funds
Mutual Funds: It is a collection of a lot of money from the investors for investing in securities. Mutual funds are used to invest in money market instruments, stocks, bonds, and assets, collectively known as securities.
If we talk about the Demat account for mutual funds, then there is no need to open a Demat account to buy mutual funds. A Dematerialized account is needed only when the user wants to transfer or redeem the mutual funds electronically.
Following are Best Demat Account for Mutual Funds:
Are you looking for a Demat account with minimum brokerage charges? Then choose ZERODHA. At Zerodha you can open a Demat account with:
· 0.01% broking charges
· 300 AMC charges
· 300 account opening charges
Choose Upstox if you are looking for a Demat account with the least opening charges. At Upstox you can open a Demat account with:
· 0.01% broking charges
· 150 AMC charges
· 150 account opening charges
Are you new at trading having limited investment? Are you looking for opening a Demat account for free? Choose 5paisa.com. At 5paisa.com you can open a Demat account with:
· Rs.10 per trade broking charges
· AMC charges 45+gst per month
· Zero account opening charges
At ICICI direct you can open a Demat account with:
· I-Saver and I-Secure brokerage charges
· 700 AMC charges
· 975 account opening charges
At Sbicap securities you can open a Demat account with:
· 0.05% broking charges
· 350 AMC charges
· 850 account opening charges
The following are the three types of Demat account.
The Demat account which is linked with NRE bank accounts is known as a repatriable Demat account. It is an NRI Demat account. This Demat account can transfer the credit of NRE bank abroad. Att the profits and securities gained from the investment can be credited to the NRE bank account.
Bet Demat account for NRI:
Zerodha is offering Demat account for NRI with ₹500 account opening charges and 0.1% or max brokerage charges per trade.
Tradeplus is offering Demat account for NRI with ₹500 account opening charges and 0.40% or max brokerage charges per trade.
Prostocks is offering Demat account for NRI with ₹0 account opening charges and 0.40% or max brokerage charges per trade.
TradingBells is offering Demat account for NRI with ₹750 account opening charges and ₹100 or max brokerage charges per trade.
Stoxkart is offering Demat account for NRI with ₹590 account opening charges and ₹200 or max brokerage charges per trade.
Finvasia is offering Demat account for NRI with ₹199 account opening charges and ₹0 brokerage charges per trade.
For a non-repatriable Demat account the NRO bank account is needed to associate with it. Credit or funds in the non-repatriable account are non-transferable abroad.
ØRegular Demat account
It is a kind of Demat account for the investors who are residing in India.
The Demat account enables you to trade digitally in the stock market. The Dematerialized account was firstly introduced in India, comes with a lot of benefits. It holds securities in digital or Dematerialized form. Demat account is making the trading platform powerful.