There is no doubt that the stock market is one of the best existing investment options at present, through which very good returns can be earned very easily in a very short time, but to invest in the stock market, you need to have a Demat account. If you are thinking of opening your Demat account and want to know about the Best Demat Account with the Lowest Brokerage, then read this article completely.
What is a Demat Account and Why is it important?
Amidst rising inflation and inflation, it has become necessary that you invest to secure your future. The big problem is that most of the investment options are not giving good returns in time. But there are some investment options which give good returns and that too in a very short time and one of them is the stock market. If you want to invest in the stock market, then you must have a Demat account for this.
A demat account is an account in which the stocks you buy from the stock market are stored. Just as you save your money in a savings account, similarly the stocks purchased by you are kept in the demat account. When you buy stock, it goes into your demat account and when you sell stock, it goes out of your demat account. If understood in simple language, a demat account is a kind of savings account for stocks.
Best Demat Account Lowest Brokerage
You already know that a demat account is necessary to invest in the stock market, but you should also know that to open a demat account, you need a broking platform on which you can open a demat account. At present, there are many stock market broking platforms in India on which demat accounts can be opened. But if we talk about ‘3 Best Demat Accounts with Lowest Brokerage in India’, then it is something like this:
1. Angel One
Angel One is one of the largest stock market broking platforms currently operating in India which provides the best stock market broking platform facilities to its customers. If you want to invest in the stock market or want to trade in the stock market, then you can start your stock market journey by opening an account on Angel One. The special thing is that it charges very low brokerage charges to allow you to invest in the stock market.
Actually, after opening a demat account on Angel One, you will not have to pay any broking charge up to ₹ 500 for the initial 30 days and after that, you will have to pay ₹ 20 or 0.25% per executed order. Compared to many other stock market broking platforms, Angel One charges much less brokerage, due to which it remains people’s favourite stock market broking platform. You can open your demat account through the Angel One application.
2. Zerodha
Zerodha is one of the largest stock market broking platforms currently operating in India, through which you can easily invest or trade in the stock market sitting at home. Using Zerodha’s website or its application Kite by Zerodha, you can open your demat account on Zerodha and start investing in the stock market. Zerodha charges much lower brokerage than many other stock market broking platforms.
If we talk about the brokerage charged by Zerodha, then Zerodha charges 0.03% or Rs.20/executed order whichever is lower is charged which makes it one of the lowest brokerage stock market broking platforms operating in this country. Working as a brokerage does not mean that Zerodha’s services are not good because at present Zerodha is known for offering the best stock market broking facility.
3. PayTm Money
Paytm is currently one of the largest digital companies in the country which is working in many areas as well as in the field of investment. By opening a Demat account on the Paytm Money app, you can easily invest in the stock market as well as many other investment options. If you choose the Paytm Money application to open a demat account, you will be able to invest and trade in the stock market with very low brokerage charges.
If we talk about the brokerage charge of Paytm Money, then for information, let us tell you that the brokerage charge charged by Paytm Money application is a maximum of ₹ 20 on each trade, which makes Paytm Money application one of the best brokerages working in the country. Makes one of the broking platforms. This is why we have included the Paytm Money application in the ‘3 Best Demat Accounts with Lowest Brokerage in India’.
Few Other Best Demat Account Lowest Brokerage
In this article, we have already talked to you about the 3 Best Demat accounts with the Lowest Brokerage in India, but apart from these, some excellent broking platforms are used in which you can invest in the stock market with very low brokerage. If you want to invest in the stock market, then apart from the three broking platforms mentioned above, there are some broking platforms which charge very low brokerage, which are as follows:
- Groww
- Fyers
- Sharekhan
- Kotak Securities
- Motilal Oswal
These broking platforms also charge much less brokerage than many other broking platforms, so you can invest in the stock market using these broking platforms. But you should keep in mind that before choosing any broking platform, you should also know about the facilities offered by it because choosing the wrong broking platform can prove to be a loss of money for you which you wouldn’t want at all for sure.
Conclusion!
The stock market is one of the best investment options to invest in the present. There are many brokerage platforms available for opening a Demat account but you should choose only the brokerage platform with low brokerage charges so that your profits remain high. This is why we have prepared this article in which we have given information about ‘3 Best Demat Account with Lowest Brokerage in India’.