Which Demat Account is best for Beginners ?

Which Demat Account is best for Beginners ?

When it comes to choosing a Demat account for beginners, there are a few things to consider. One of the most important factors is the fees charged by the account provider. Some Demat account providers charge a monthly or annual fee, while others charge per transaction. It's important to compare the fees charged by different providers to find the best deal. Another important factor to consider is the account provider's customer service record. Beginners may need more hand-holding and assistance when it comes to their Demat account, so it's important to choose a provider with a good reputation for customer service. Finally, beginners should also consider the features and benefits offered by different Demat account providers. Some accounts come with features like online bill pay and mobile app access, while others offer more basic services. It's important to compare the features and benefits of different providers to find the best Demat account for beginners.

What is Zerodha?

Zerodha is an investment platform that allows users to invest in a variety of financial instruments. These include stocks, mutual funds, ETFs, and more. Zerodha is a great platform for those looking to invest in a variety of different asset classes. The platform is very user-friendly and offers a variety of features that make it a great choice for those looking to invest.

Zerodha was founded in 2010 by Nithin Kamath and Nikhil Kamath. The company is based in Bangalore, India. Zerodha offers retail and institutional broking, commodities and currency trading, and mutual fund investments.

What is Upstox?

Upstox is a Mumbai based startup that allows users to trade in stocks, commodities, currency, and mutual funds online. It has a mobile app for Android and iOS platforms. The company was founded in 2009 by Ravi Kumar G, Kshitij Khandelwal and Shrinivas Viswanath.

Upstox charges a flat fee of Rs 20 per executed order for equity delivery trades and Rs 10 per executed order for equity intraday and F&O trades. For commodities and currency, the company charges a 0.1% of the transaction value with a maximum of Rs 20 per executed order.