Top Share Brokers in India Offering Free Demat Accounts

A Demat account, short for "Dematerialized account," is a digital account that holds shares and securities in electronic form, eliminating the need for physical share certificates. As more individuals in India embrace investing, the importance of having a cost-effective Demat account has grown. Many share brokers now offer free Demat accounts as an incentive to attract investors, making it easier for beginners and experienced investors to get started in the stock market.

In this article, we’ll explore the top share brokers in India that offer free Demat accounts, detailing their features, advantages, and why they are great choices for investors.

1. Zerodha

Zerodha, India’s largest stockbroker, has been at the forefront of offering low-cost and transparent services. While Zerodha doesn’t charge for opening a Demat account, it has revolutionized investing with its flat fee and free equity delivery trading.

Key highlights of Zerodha’s free Demat account:

  • Zero account opening fees: Investors can open a Demat and trading account without incurring any setup cost.

  • Free equity delivery trades: No brokerage is charged on delivery-based stock trades, making it ideal for long-term investors.

  • Advanced trading platform (Kite): Zerodha’s Kite platform provides cutting-edge tools for market analysis, making it suitable for all types of investors.

  • Mutual fund investment through Coin: Zerodha allows investment in direct mutual funds without additional fees, helping investors save on costs.

Zerodha's combination of affordability, technology, and transparency makes it a top choice for free Demat accounts in India.

2. Angel One (formerly Angel Broking)

Angel One is a full-service broker that offers free Demat accounts with added benefits for investors. Known for its customer-centric approach, Angel One caters to both beginners and seasoned investors.

Why Angel One stands out:

  • Free Demat and trading account: Opening a Demat account with Angel One is entirely free.

  • ARQ Prime Advisory: Angel One’s AI-based tool offers personalized investment advice tailored to your financial goals.

  • Wide range of services: From equities to commodities and mutual funds, Angel One provides a comprehensive investment experience.

  • User-friendly platform: The Angel One app and web platform are intuitive and easy to navigate, even for first-time investors.

Angel One combines the perks of free Demat accounts with access to advanced tools and advisory services, making it a great choice for all types of investors.

3. Upstox

Upstox, a popular discount broker in India, is known for its cost-effective services and free Demat account offerings. With its focus on technology-driven solutions, Upstox appeals to tech-savvy investors.

Features of Upstox’s free Demat account:

  • No account opening charges: Opening a Demat and trading account with Upstox is completely free.

  • Low brokerage fees: While equity delivery trades are free, Upstox charges minimal fees for intraday and F&O trading.

  • Advanced trading platforms: Upstox Pro Web and Pro Mobile offer tools like advanced charting and market analysis, enabling informed decision-making.

  • Integration with TickerTape: Investors can access detailed stock screeners and research tools directly on the Upstox platform.

Upstox’s blend of free account services and advanced trading tools makes it an attractive option for cost-conscious and research-oriented investors.

4. Groww

Groww has quickly gained popularity as a beginner-friendly investment platform offering free Demat accounts. Initially focused on mutual funds, Groww has expanded into stocks, derivatives, and more, catering to diverse investment needs.

Key benefits of Groww’s free Demat account:

  • Completely free account opening: Groww does not charge any fees for setting up a Demat or trading account.

  • Simplified user experience: The platform is designed to be intuitive, making it ideal for first-time investors.

  • Investment in multiple asset classes: Groww supports stocks, ETFs, mutual funds, and fixed deposits, providing a one-stop solution for investors.

  • Comprehensive educational resources: Groww’s blog and tutorials help investors understand the stock market better.

With its focus on simplicity and affordability, Groww is an excellent choice for beginners looking to start their investment journey.

5. 5paisa

5paisa is a well-known discount broker that provides free Demat accounts and low-cost trading services. Its focus on affordability and automation appeals to cost-conscious investors.

Why 5paisa is a great choice for free Demat accounts:

  • Zero account opening charges: Investors can open a Demat and trading account without paying any fees.

  • Flat brokerage plans: 5paisa offers competitive brokerage plans, including zero brokerage for mutual fund investments.

  • Smart Investor tools: The platform provides research tools and portfolio management services to help investors make informed decisions.

  • Multiple investment options: From stocks to mutual funds, insurance, and loans, 5paisa offers a broad spectrum of financial products.

5paisa’s combination of free accounts and comprehensive services makes it a versatile broker for investors of all experience levels.

6. Kotak Securities

Kotak Securities, backed by Kotak Mahindra Bank, offers free Demat accounts as part of its customer-friendly approach. Known for its premium services, Kotak Securities caters to both retail and institutional investors.

Advantages of opening a free Demat account with Kotak Securities:

  • No account opening charges: Kotak Securities waives account opening fees for new customers.

  • 3-in-1 account: Seamless integration between Demat, trading, and savings accounts ensures hassle-free transactions.

  • Extensive research and recommendations: Kotak Securities provides detailed reports and stock ideas for informed investing.

  • User-friendly platforms: The KEAT Pro X and Kotak Stock Trader app offer advanced trading tools for market analysis.

With its trusted brand name and robust services, Kotak Securities is an excellent option for investors seeking a free Demat account with premium features.

7. HDFC Securities

HDFC Securities, a part of the HDFC Group, is a prominent broker that provides free Demat account services for new investors. Its integration with HDFC Bank adds to its appeal, making it a convenient choice for banking customers.

Key features of HDFC Securities’ free Demat account:

  • Zero account opening charges: Investors can set up a Demat account without any upfront costs.

  • Research-driven approach: HDFC Securities provides detailed research reports, market updates, and stock recommendations.

  • Wide range of investment products: From equities and derivatives to mutual funds and NPS, the platform supports diversified investing.

  • Pro Terminal platform: Advanced tools and real-time market data enhance the investment experience.

HDFC Securities is a top choice for investors seeking a reliable broker with a strong research foundation and free Demat account services.

8. Sharekhan

Sharekhan, a part of BNP Paribas, is one of India’s oldest and most trusted brokers. The company offers free Demat accounts as part of its efforts to attract new investors and provide exceptional services.

Why Sharekhan is ideal for free Demat accounts:

  • Zero account opening fees: Investors can start their journey without incurring setup costs.

  • Comprehensive research: Sharekhan’s detailed reports and Value Picks recommendations help investors make informed decisions.

  • TradeTiger platform: Advanced tools for market analysis and trading make it a favorite among experienced investors.

  • Educational resources: Sharekhan offers workshops and tutorials to empower investors with knowledge.

With its blend of free services and premium features, Sharekhan remains a popular choice for both beginners and seasoned investors.

Conclusion

Free Demat accounts have lowered the entry barriers for investors, allowing more individuals to participate in the stock market without worrying about setup costs. Brokers like Zerodha, Angel One, Upstox, Groww, 5paisa, Kotak Securities, HDFC Securities, and Sharekhan not only offer free accounts but also provide additional benefits such as advanced research tools, low brokerage fees, and seamless platforms.

Choosing the right broker depends on your investment goals, trading style, and the services you value most. By selecting a broker that aligns with your needs, you can start your investment journey with confidence and cost efficiency.

For more information visit us at: www.thesharebrokers.com

Read more article:

Best Trading Platforms in India for Beginners

Evaluating Trading Brokers: Costs, Features, and Usability

Top 15 Best Stock Brokers in India for 2025


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