Investing in the stock market has become easier than ever with online trading platforms and Demat accounts. A Demat (dematerialized) account is where your shares and securities are stored in electronic form. Along with convenience, brokerage charges play an important role in deciding which account is best for you. High brokerage fees can eat into your profits, especially if you are an active trader. That’s why choosing a low-brokerage Demat account is crucial.
In this blog, we’ll discuss the top 10 Demat accounts in India with low brokerage charges, their features, and who should consider them.
- Zerodha
Zerodha is India’s largest stockbroker, popular for its transparent pricing and powerful platform.
Brokerage: ₹0 on equity delivery, ₹20 or 0.03% (whichever is lower) on intraday and F&O.
Why choose Zerodha?
Its Kite platform offers advanced charting, portfolio tracking, and GTT orders. Ideal for both beginners and professionals who want reliability and minimal costs.
- Upstox
Upstox is backed by Ratan Tata and is known for its fast, simple, and affordable services.
Brokerage: ₹0 on delivery, flat ₹20 per order on intraday and F&O.
Why choose Upstox?
It often offers free account opening and low AMC. Great for active traders who value technology and smooth order execution.
- 5Paisa
5Paisa is a discount broker offering flexible pricing plans for investors and traders.
Brokerage: ₹20 per trade in the basic plan, as low as ₹10 per trade under premium packs.
Why choose 5Paisa?
It’s one of the cheapest options if you take subscription packs. The platform also supports mutual funds, insurance, and loans, making it an all-in-one financial app.
- Groww
Groww started as a mutual fund investment platform and later expanded to stock trading.
Brokerage: ₹0 on delivery, ₹20 or 0.05% per order for intraday and F&O.
Why choose Groww?
It has the most beginner-friendly mobile app with no AMC or hidden charges. Perfect for new investors who want a simple interface.
- Angel One
Angel One (formerly Angel Broking) is a full-service broker but offers low brokerage like discount brokers.
Brokerage: ₹0 on delivery, flat ₹20 per order for intraday and derivatives.
Why choose Angel One?
Along with low charges, you get research reports, investment advice, and trading tips. Ideal for investors who want both low cost and expert guidance.
- Shoonya (Finvasia)
Shoonya by Finvasia is gaining popularity with its zero-commission model.
Brokerage: ₹0 across all segments.
Why choose Shoonya?
It claims to have no brokerage at all, which is attractive for high-frequency traders. However, since it’s relatively new, you should check customer support quality before choosing it as your primary account.
- Fyers
Fyers is another discount broker focusing on providing excellent charting tools and research.
Brokerage: ₹0 on delivery, ₹20 per trade for intraday and F&O.
Why choose Fyers?
It offers advanced trading platforms with free access to thematic investing and long-term charts. Suitable for investors who love in-depth analysis.
- Dhan
Dhan is a new-age broker designed for millennials and tech-savvy investors.
Brokerage: ₹0 on delivery, ₹20 per trade on intraday and F&O.
Why choose Dhan?
It offers seamless integration with TradingView, zero AMC, and modern features like basket orders. Great for traders who want innovative tools at low cost.
- Kotak Securities (Trade Free Plan)
Kotak Securities, part of Kotak Mahindra Bank, has introduced a discount brokerage plan.
Brokerage: ₹0 on equity delivery, flat ₹20 for intraday and F&O.
Why choose Kotak?
Being a bank-backed broker, it offers strong trust and integrated banking services. Best for those who want low brokerage with the reliability of a bank.
- HDFC Sky
HDFC Sky is a digital-first trading platform launched by HDFC Securities.
Brokerage: ₹0 on delivery, flat ₹20 per trade on other segments.
Why choose HDFC Sky?
It combines the security of a trusted bank with low-cost trading. A good option for HDFC customers who want everything under one roof.
Comparison Table
Broker Equity Delivery Intraday / F&O AMC Charges
Zerodha ₹0 ₹20/order ₹300/year approx
Upstox ₹0 ₹20/order Often waived
5Paisa ₹0–₹20 ₹10–₹20/order ₹45/month
Groww ₹0 ₹20/order ₹0
Angel One ₹0 ₹20/order ₹240–₹300/year
Shoonya ₹0 ₹0 ₹0
Fyers ₹0 ₹20/order ₹0
Dhan ₹0 ₹20/order ₹0
Kotak Securities ₹0 ₹20/order ₹0–₹600/year
HDFC Sky ₹0 ₹20/order Varies
Final Thoughts
When choosing a Demat account, don’t just look at brokerage charges. Consider account maintenance fees (AMC), user interface, research support, and customer service quality.
If you are a beginner, Groww or Dhan is simple to use.
If you are a professional trader, Zerodha, Upstox, or Fyers are better choices.
If you want zero brokerage across the board, Shoonya might be worth a try.
If you prefer bank-backed security, Kotak Securities and HDFC Sky are reliable.
Ultimately, the best Demat account depends on your trading style, frequency, and long-term goals. By selecting the right low-cost broker, you can maximize your returns and trade with confidence.
