Starting your investing journey can be exciting and a little overwhelming. But the very first step is opening a Demat account, your digital vault for holding stocks, ETFs, IPOs, and more. With so many options out there, choosing the right app matters, especially for beginners.
Below are the top Demat account apps that make getting started easy, affordable, and secure.
Best Apps to Open a Demat Account
Groww
Groww, India’s No. 1 stockbroker, is one of the most preferred apps for beginners looking to open a Demat account in India. The platform is designed with simplicity in mind, making it easy for first-time investors to understand the intricacies and navigate.
The biggest advantage is that opening a Demat account on Groww is completely online and comes with zero account opening charges and zero annual maintenance charges (AMC), which lowers the entry barrier for new investors. Also, the brokerage is kept flat at ₹20 or 0.1% per executed order.
On the Groww app, users can invest in stocks, direct-only mutual funds, ETFs, bonds, NFOs, and IPOs. For those looking to trade, Groww also offers trading in equity delivery, intraday, commodities, futures and options (F&O), and APIs for algo trading.
The platform also provides advanced charts, technical indicators, detailed stock insights, and fast order execution, enabling advanced traders to analyse markets and make informed decisions. With a balance of ease of use and advanced tools, Groww supports users at every stage of their investing and trading journey.
5paisa
5paisa is a discount brokerage platform that offers Demat account services at comparatively low costs. The app provides essential trading and investing features without focusing heavily on design or advanced tools. Account opening is straightforward, and pricing is generally affordable. 5paisa may appeal to beginners who are mainly concerned about keeping brokerage and maintenance costs low.
Upstox
Upstox is a well-known discount brokerage platform that offers online Demat account opening with minimal paperwork. The app provides access to equity, derivatives, and other investment options at relatively low brokerage charges.
Its interface is fairly easy to use, though new investors may need some time to get familiar with the platform. Upstox suits beginners who want a standard trading and investing app with widely used features.
Angel One
Angel One provides a Demat account along with research tools and market insights that can help investors make informed decisions. The platform offers digital account opening and supports multiple investment options.
Its app is structured and functional, though beginners may encounter more information than they initially need. Angel One can be suitable for users who prefer having research and advisory features available within the app.
HDFC Securities
HDFC Securities is the brokerage arm of HDFC Bank and offers Demat and trading services as part of a broader banking ecosystem. Investors can open a Demat account that is directly linked to their HDFC Bank account, making fund transfers and settlements smoother.
Due to its structured interface and pricing, HDFC Securities is typically chosen by investors who prefer a traditional, bank-backed investing experience.
IIFL (India Infoline)
IIFL is a well-established brokerage firm that offers Demat accounts along with trading services across multiple asset classes. The platform supports equity trading, derivatives, commodities, mutual funds, and IPOs, along with research and advisory offerings.
IIFL provides both digital and relationship-based services, catering to a wide range of investors. Due to the availability of research and advisory tools, the platform may appeal to users who want more information and analysis alongside their investment activity.
Conclusion
Choosing the right app to open a Demat account is an important first step in an investor’s journey. For beginners, platforms that offer simple onboarding, an easy-to-understand interface, and low or zero maintenance charges can make the process less intimidating. Apps like Groww stand out for their simplicity and beginner-friendly design, making them a popular choice for first-time investors focused on long-term investing.
