Best Demat Account for Long Term Investment

Are you looking to invest in the best demat account for long term investment? Here you can find the best demat account for long-term investment list updated after thorough research. 

Best Demat Account for Long Term Investment 

1. Angel One 

Angel One is the largest and best demat account for long term investment in the country, serving more than 1 million investors for 30+ years. You can enjoy free equity delivery trade for a lifetime. It offers a demat account at zero opening charges. 

It is currently offering additional discount vouchers worth Rs.15,000 with new demat accounts. There is no AMC (Annual Maintenance Charges) for the first year. You need to pay Rs. 450 annually as demat AMC after one year. It provides personalized investment recommendations. 

Why choose it: Most competitive brokerage plan from the full-service broker based on investing profile. No charges for equity delivery. Lifetime free. 

2. ICICI Direct 

ICICI Direct is a famous demat account for long term investment backed by ICICI Group. It is the trust of 50+lakh customers. ICICIdirect is another largest retail trading firm and financial product distributor in India, serving its clients through 170+ branches. You can apply for a three-in-one account with ICICI Direct for online investing. 

You must be a bank account holder with the ICICI bank. It offers free subscriptions to money control and ET prime with new demat accounts. You can find 50+ products under one roof, including Wealth Management and Portfolio Management Services, tax services to enable you to achieve your investment objectives. 

Why choose it: Its unique award-winning research desk with a 75% strike rate since inception. It offers various research-based products to meet investors' goals across different time horizons. 

3. Zerodha

Zerodha is our favorite demat account for long term investment in India. The clientele base consists of 7.5+ million investors. You can create your demat and trading account against a fee of Rs.200. It charges demat Annual maintenance charges – Rs 300 annually. Equity delivery is totally free. You may not like that the account opening process is not entirely digital.

Why choose: It's free equity delivery services.

4. Upstox 

Upstox is an online demat account for long term investment serving 70 lakh+ investors. It is backed by funding from Mr Ratan Tata. Recently it has started WhatsApp-based services for investors. You can apply for initial public offerings (IPO) and open demat accounts using its WhatsApp services. 

It offers a demat and trading account without an account opening fee, but for a limited period. It provides a paperless and hassle-free demat account opening process with zero opening fee. You need to pay Rs.150 as demat account maintenance charges. You can enjoy free stock delivery. Long term investors can choose across various asset classes and create a diversified portfolio. 

Why choose: Easy account opening and IPO investing through WhatsApp.

5. Edelweiss 

The next demat account for long term investment is Edelweiss in this list. The brokerage is serving 1 million + clients from its 90+ locations. You can create a demat account quickly, within 15 minutes. It charges for equity delivery – 0.300%. It does not charge demat AMC for the 1st year. 2nd year onwards, it charges Rs.300 annually. The DP Fees (Trf Out / Sell) / Inter-settlement Fees is Rs.20 per ISIN.

Why choose: Open a hassle-free quick online demat account.

6. 5 Paisa

5 Paisa is a well-known demat account for long term investment in India 2022. The brokerage with 2 Million + happy customers offer free of cost in one account. If you have not linked your Aadhar to your mobile number, you can open a demat account offline. It activates the demat account within 1 hour of online application submission. 

It charges demat AMC as Rs.25 per month. There is zero brokerage on delivery. Investors can look at its stock baskets suggested by experts for actionable ideas for the long term. It provides long term investment ideas from its product “Smart Investor.” 

Why choose: Fastest account opening process and easy access to in-depth research-based 4000+ stocks.

7. ProStocks

This demat account for long term investment Prostocks offers a free demat account. You can create your demat account online without paperwork. Unlike other brokers, ProStock offers demat accounts without AMC charges for the lifetime to its customers. There is zero equity delivery. There is no transaction charge on the buy (Market Trades).

Why choose: There is no AMC for all customers – Individual, Corporate, and NRI.

8. HDFC Securities 

HDFC securities demat account for long term investment has a clientele base of 1,800,000+ customers. An account holder with HDFC bank can open a demat account with the HDFC securities. 

If you are a new customer to HDFC, you first have to open a savings account. It provides a 3-in-1 account, integrating your savings account, trading account, and demat account. There is zero account opening fee. The demat account AMC is free for the first year and 2nd year onwards. It charges Rs.750 annually.

Why choose: Global investing, Research guidance

9. Groww  

Groww is a new demat account for long term investment compared to others mentioned here, and soon its clientele base has increased to 20 million. The demat account opening charges are NIL. Groww customers need not pay demat AMC. It activates the demat account within 24 hours. Its user interface (UI) is easy to understand.

Why choose: Zero account opening fee and no demat AMC for easy to use UI. 

10. SBICAP Securities 

SBICAP is our final addition to the best demat account for long term investment. The renowned broker serves its clients with long-term, and short-term investing ideas and portfolio restructure services. It offers long-term and short-term investing ideas, a complete product basket, personalized advisory services to its clients. It does not charge a demat account opening fee, and demat AMC is also NIL for the first year of opening your demat account.

Why choose: Seamless investing experience

In the end, choosing a suitable broker is ultimately your call. You can effortlessly compare the charges levied by different brokers and facilities provided and open your demat account for long term investing. By rule of thumb, most investors choose affordable demat accounts.

You can find numerous depository participants/brokers providing demat services in the stock market. It can be a discount broker or a full-service broker. While discount brokers continue improving their trading platforms, full-service brokers focus on supporting their clients and comparatively charge higher fees. Each brokerage has its own USP, advantages, and disadvantages. 

Frequently Asked Questions (FAQs) 

Is Upstox better than Zerodha?

Zerodha can be rated above Upstox, considering a few facts. Zerodha is the first to propose many innovative products in the country's brokerage industry, like free online trading platforms, flat-rate brokerage, free equity delivery trading, no commission to direct mutual fund investment. 

Zerodha is consistent with its business. Upstox has seen changing its business strategy and brokerage charges. Zerodha offers better customer services than Upstox. Zerodha's trading platforms are more advanced than Upstox.

Which brokerage firm is better – Zerodha or Upstox?

Zerodha and Upstox, offering zero delivery charges, are the most preferred discount brokers in the country. Both started to serve almost at the same time. Zerodha has a clientele base of more than 12 lakh investors, and 

Upstox client reach is above 10 lakh customers. In general, both are the same in demat costs. Still, these two can be differentiated based on a few aspects. Upstox is known for its fastest emerging demat services in the last two years, whereas Zerodha is the most trusted brokerage for traders. For customer support, Zerodha is preferred, and for alluring deals, free brokerage credit, Upstox has plus points. 

Which brokerage firm is better – ICICI Direct or HDFC securities?

Both ICICI Direct and HDFC securities offer 3-in-1 accounts. With ICICI Direct, investors can find several investment options under one portal. HDFC Securities Demat Account is the best for easy investing processes for retail investors in various financial instruments. You can invest in Equity, Derivatives, MFs, IPOs, and Fixed Deposits with HDFC securities. It has cut demat account maintenance charges for the first year when you open your 3-in-1 account.

Which brokerage firm is better – 5Paisa or Groww?

5Paisa is an online trading and investment firm. Its investing offerings include equities, derivatives, mutual funds, and insurance. Groww is an online discount stock broker and mutual fund investment firm. It has recorded fast growth in the industry with its services. It is restricted to investing offering – Equity, IPO, and Direct Mutual Funds. 

Groww charges a transaction fee for debit delivery trades. 5Paisa dematerialization charges are Rs.15 per certificate, and Groww charges Rs.150 per certificate. Pledge Creation Charges with 5Paisa is Rs.50, and it is Rs.20 with Groww. There are no Pledge Invocation Charges with 5Paisa, but Groww charges Rs.20.

What makes Zerodha safe for online trading?

Zerodha is a safe and trusted broker as it is a member of BSE and NSE and SEBI registered Stockbroker. There is no debt to pay the firm. It does not provide Margin funding to traders. All these facts make Zerodha safe in the stock market.

Is it safe to invest through Groww? 

Groww is a SEBI-registered broker as Finvantage Investment Advisor Pvt Ltd. It operates the BSE Star MF transaction platforms to ensure that all the transactions directly fund AMC. Their platform is employed with bank-grade security features.

SEBI (Securities and Exchange Board of India) reviews all transactions you make through Groww to guarantee no foul play. Groww does not levy huge commissions. It earns by providing premium features, including advisory services for portfolios. 

About Stuart Cook

Digital Marketer, Dreamer, Entrepreneur and an avid Traveler.

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