Best Demat accounts in India for long term investment depends on your individual needs and investment goals. However, some of the most popular and best demat accounts for long term investment in India include:
- Zerodha: Zerodha is a discount broker that offers one of the lowest brokerage charges in India. It also offers a variety of features that are well-suited for long term investors, such as its research tools, paperless account opening process, and its mobile app.
- Upstox: Upstox is another discount broker that offers low brokerage charges and a variety of features for long term investors. It also has a user-friendly trading platform that makes it easy to buy and sell stocks.
- 5paisa: 5paisa is a discount broker that is known for its easy-to-use interface and its low brokerage charges. It is a good choice for long term investors who are looking for a simple and affordable way to invest.
- Paytm Money: Paytm Money is a newer entrant in the brokerage space, but it has quickly gained popularity due to its easy-to-use app and its wide range of features. It is a good choice for long term investors who are looking for a convenient and user-friendly way to invest.
- Angel Broking: Angel Broking is a traditional brokerage firm that offers a wider range of services than discount brokers. It also has a more experienced team of research analysts, which can be helpful for long term investors who are looking for guidance.
- ICICI Direct: ICICI Direct is one of the largest brokerage firms in India. It offers a wide range of features and services, including research, trading, and portfolio management. This makes it a good choice for long term investors who want a one-stop shop for all their investment needs.
- HDFC Securities: HDFC Securities is another large brokerage firm that offers a wide range of features and services. It is a good choice for long term investors who want a reliable and trustworthy broker.
When choosing a Demat account for long term investment, it is important to consider the following factors:
- Brokerage charges: Look for a broker with low brokerage charges, especially if you plan on trading frequently.
- Research tools: A good broker will offer a variety of research tools to help you make informed investment decisions.
- User interface: The trading platform should be easy to use and navigate.
- Customer support: The broker should have good customer support in case you have any questions or problems.
My personal experience
I and my family members have been using Zerodha and Paytm Money for our investment needs for several years now. We have been very happy with both platforms, but for different reasons.
We use Zerodha for its trust and reliability 😊👍. It is a well-established brokerage firm with a good reputation. I also like the fact that Zerodha offers low brokerage charges. I also use it for day trading and F&O trading.
We use Paytm Money for its easy to use mobile application and good user experience. The app is very intuitive and makes it easy to buy and sell stocks. I also like the fact that Paytm Money offers a variety of features, such as SIPs and mutual funds, that make it a good choice for long term investors like me . I have been using Paytm Money since its inception. 😊
Affiliate disclosure: These are my true and experienced recommendations, and I am not earning any money from them.