As per the Securities and Exchange Board of India (SEBI) guidelines, an active Demat account is mandatory for any investor willing to participate in the stock market(s). Short for the Dematerialisation account, a Demat account helps you store shares and other securities in electronic format. It also facilitates debit or credit of shares when you place an order at the exchange.
With technological advancements and digitalisation, opening a Demat account is now easier than ever. You can simply download a stock market app on your smartphone and upload the required documents. However, selecting the right app is crucial as it can significantly enhance your trading experience by offering user-friendly features, robust security, and access to essential market insights.
This blog highlights the 10 best apps for opening a Demat account in India. You can explore these apps’ features and benefits and select the best one per your trading requirements.
- HDFC SKY App
The HDFC Sky app is a feature-rich and innovative Demat account app that has gained immense popularity among investors. It offers a user-friendly interface and a gamut of advanced tools to simplify stock trading. With the HDFC Sky app, you can open a free Demat account within minutes and start trading on the go.
The app provides real-time market updates, trading view charts, and personalised stock recommendations based on your investment goals. Additionally, it ensures secure transactions and offers robust customer support, making it a top choice for beginners and seasoned investors. Apart from stocks, you can also invest in Exchange-Traded Funds (ETFs), mutual funds, Futures and Options, and commodities using the HDFC SKY app.
- Zerodha Kite
Zerodha Kite is another popular stock trading app in India. It is widely known for its low brokerage fees and intuitive design. The app offers a clutter-free interface that is perfect for beginners. With Zerodha Kite, you can trade stocks, commodities, and currencies. The app also provides in-depth charts and analytical tools, making it ideal for traders and investors who rely on technical analysis.
Another reason Zerodha Kite is popular among investors is its flat brokerage fee structure. This means that irrespective of your trading amount, you will incur a flat fee for each trade, allowing you to plan your profits conveniently.
- Groww App
The Groww app has become a popular tool for new-age investors. It’s one of the best apps for opening a Demat account in India and starting to invest in stocks, ETFs, mutual funds, and more. The app’s clean and straightforward interface makes it easy for beginners to navigate. Groww also offers educational resources to help new investors understand the stock market better.
You can download the Groww app on your smartphone and open a Demat account within five minutes.
- Upstox Pro
Upstox Pro is another popular Demat account app in India that offers advanced trading features at competitive prices. This versatile app supports trading in equities, commodities, currencies, and derivatives.
With features such as one-click placement orders, advanced charting, and rapid access to the latest market updates, you can make well-informed trading decisions using Upstox Pro. Moreover, you can access robust charting tools and multiple indicators to boost your technical prowess.
- 5Paisa App
The 5Paisa app is a low-cost Demat account app perfect for cost-conscious investors. It allows access to various financial instruments, including mutual fund investments, insurance, and loans. The app is well-suited for both beginners and experienced traders.
The 5Paisa trading app’s top features include one-tap order execution, real-time market data, a flat-fee brokerage structure, and advanced charting tools.
- ICICI Direct Market’s App
ICICI Direct is one of India’s largest and most popular full-time stockbrokers. You can easily download the dedicated trading app – ICICI Direct Market – on your smartphone to open a Demat account and begin your stock trading journey.
Backed by ICICI’s firm brand name, the ICICI Direct Market app is known for its reliability and extensive features like real-time market data, in-depth research reports, and multiple investment options. Apart from investing, you can also buy packages for portfolio management, financial advisory, etc.
- Angel One App
Angel One is another popular Demat account app in India. It allows you to manage your investments conveniently anytime and anywhere. With features such as a seamless user interface, AI-based stock recommendations, and comprehensive market research tools, Angel One can help you at every stage of your investment journey.
Additionally, you can access real-time market news and updates and stay constantly updated on market movements and trends.
- Paytm Money
Paytm Money app has emerged as a popular stock trading app for millennials. It is the subsidiary of Paytm – a popular multi-national Indian FinTech company.
The app offers a hassle-free process for opening a demat account and starting trading. It is known for its low charges and clean interface. Paytm Money also provides various tools to help you make informed investment decisions.
- Mirae Asset Sharekhan App
Mirae Asset Sharekhan trading app is another excellent option for those looking to open a demat account and trade in the stock market. The app offers powerful research tools, customisable watchlists, and portfolio tracking. It’s especially popular among experienced traders owing to its advanced trading features, including high-quality research reports and portfolio management tools.
- Motilal Oswal App
The Motilal Oswal app is the last name on this list of the top demat account apps in India. This app allows you to open a demat account and invest in various financial products, including mutual funds, stocks, and derivatives. With features such as detailed market insights, a user-friendly interface, and research-driven stock recommendations, it can be your perfect trading ally.
Conclusion
These are the top 10 Demat account apps in India. Whether you want to track your portfolio, analyse the market, or execute trades, these apps ensure a seamless trading experience.So, why wait? Go ahead and download the app best suited to your requirements and open free demat account to embark on your stock trading journey now.