There is a large number of population in India who do not invest in Stock Markets. Investing in stock markets is still considered risky, well, it is risky.
People who are willing to invest in Indian stock markets, they need an account with the broker. Demat account is the best account to invest in stock markets according to me.
Demat Account allows investors to invest in different financial products without any paperwork. Everything is stored electronically.
Here is the list of top 10 brokers for opening a Demat account in India.
I have used this broker and I am satisfied with its services. It is an online discount brokerage firm. According to the latest data, it is the largest discount brokerage firm in India.
You can open an online account on its official website. It’s brokerage charges are low as well.
2.) Angel Broking
Angel Broking provides broking services for stocks and other financial assets. You can open a Demat account on its official website. It’s broking charges are comparatively low.
3.) Motilal Oswal
Motilal Oswal is a big name in equity investments. Its managing director is Ramadev Agarawal, a very successful investor. You can open an online Demat account for free on its official website. There are no annual maintenance charges.
4.) Share khan
Share Khan is a product of BNP Paribas, one of the largest banking groups in the world.
You can open an online Demat account with this Broker.
5.) India Infoline
India Infoline, also known as IIFL is a brokerage firm. You can open a Demat account by requesting a callback. They will guide you to open a Demat account with the IIFL.
6.) Indiabulls Ventures Shubh
You can open a trading account with Indiabulls ventures by requesting a call back from it. They will guide you for further steps.
7.) ICICI Direct
ICICI direct is a product of ICICI bank. The procedure of opening a Demat account with it is offline. You have to submit the documents with the Demat form to the ICICI branches.
You can open a Demat account with Edelweiss online. it is offering free brokerage for 3 months.
9.) HDFC Securities
HDFC Securities is a product of HDFC bank. You can open a Demat account for free online.
10.) 5 Paisa
5 Paisa is a product of IIFL, it is a discount brokerage firm. You can open a Demat account with it online.
Please refer to the official websites of the brokerage firms listed above for all the details.