Is there a free API for all demat accounts?

No reliable free public API lists every broker with live AMC and brokerage. EnrichReturns uses a curated comparison with verified dates and an annual cost estimator.

How does the recommendation quiz work?

Pick your investing style (beginner, long-term, F&O, IPO, etc.). We rank brokers using tags and our published score weights, then show a best match plus two alternatives.

What does the annual cost estimator include?

Indicative brokerage, AMC and DP charges from our fee model. It excludes STT, GST, exchange fees and stamp duty — so ₹0 brokerage is never ₹0 total cost.

Which brokers have partner / referral links?

Zerodha, Groww, Angel One and Upstox use partner open-account links where available. Other brokers link to their official websites.

Do you open the demat account for me?

No. You complete KYC on the broker’s app or website. We only help you compare and navigate.

Demat Accounts

Find the right demat account based on your investing style and estimated annual cost — then open an account on the broker’s site.

Find the best demat account for you

Compare brokers by investing style and estimated annual cost — then open an account on the broker’s site. Fees are indicative; statutory charges (STT, GST, exchange) apply on top of brokerage.

Take the 30-sec quiz →

30-sec recommendation quiz

Pick your investing style for a best match + two alternatives.

Annual cost estimator

Rough brokerage + AMC + DP estimate. Does not include STT, GST, exchange or stamp duty.

Delivery orders / yrIntraday orders / yrF&O orders / yrSell transactions / yr

Broker	Brokerage	AMC	DP	Est. total
Dhan	₹1,440	₹0	₹150	₹1,590
Fyers	₹1,440	₹0	₹180	₹1,620
Angel One	₹1,440	₹0	₹240	₹1,680
Paytm Money	₹1,680	₹0	₹216	₹1,896
Groww	₹1,680	₹0	₹240	₹1,920
Upstox	₹1,680	₹0	₹240	₹1,920

Top picks

Best Overall

Zerodha

8.9/10

Best for Beginners

Groww

8.5/10

Best for F&O

Dhan

8.3/10

Best 3-in-1

ICICI Direct

7.7/10

Sort:3/4 selected for compare

Side-by-side compare

Feature	Zerodha	Groww	Angel One
Score	8.9/10	8.5/10	8.6/10
Best for	Active traders and long-term investors who want a mature platform ecosystem	Beginners and SIP / mutual-fund investors who want a clean mobile experience	Investors who want research ideas plus a full-featured trading app
Opening	Online — often free / low one-time charges (confirm on site)	Free online account opening	Free online account opening
AMC	About ₹300/year (indicative)	₹0 AMC on many plans (confirm current offer)	Often waived / low AMC on new accounts (confirm on site)
Delivery	₹0 brokerage on equity delivery	Often ₹20 / order or promotional zero — verify tariff sheet	₹0 on many equity delivery plans
Intraday	₹20 or 0.03% per executed order (lower of the two)	About ₹20 per order (indicative)	About ₹20 per order
F&O	₹20 per executed order	About ₹20 per order (indicative)	About ₹20 per order
DP charges	About ₹13–20 + GST per sell (CDSL; confirm)	About ₹20 + GST per sell (confirm)	About ₹20 + GST per sell (confirm)
Est. annual*	₹1,926	₹1,920	₹1,680
Verified	20 Aug 2026	20 Aug 2026	20 Aug 2026
Open	Open account	Open account	Open account

* Using the activity inputs in the annual cost estimator above.

Zerodha

8.9/10

discount · CDSL

Best OverallPartner

Popular discount broker known for the Kite trading platform, Coin for direct mutual funds, and a flat ₹20 model on intraday and F&O. Client rankings change over time — verify current scale on public disclosures.

Best for: Active traders and long-term investors who want a mature platform ecosystem

Why: Strong charts, zero delivery brokerage and a deep product ecosystem (Kite, Console, Coin, Varsity).

AMC: About ₹300/year (indicative)
Delivery: ₹0 brokerage on equity delivery
Intraday: ₹20 or 0.03% per executed order (lower of the two)
Est. annual*: ₹1,926

Verified 20 Aug 2026 · Official tariff

View details Open account

Angel One

8.6/10

discount · CDSL

Best ResearchPartner

Listed broker with a large retail franchise network, research/advisory layer and SmartAPI for algo users. Flat-fee discount model for most retail plans.

Best for: Investors who want research ideas plus a full-featured trading app

Why: Research + discount pricing, SmartAPI, and strong IPO/MF coverage.

AMC: Often waived / low AMC on new accounts (confirm on site)
Delivery: ₹0 on many equity delivery plans
Intraday: About ₹20 per order
Est. annual*: ₹1,680

Verified 20 Aug 2026 · Official tariff

View details Open account

Groww

8.5/10

discount · CDSL

Best for BeginnersPartner

App-first investing platform popular with first-time investors. Strong for stocks, mutual funds, IPOs and a simple onboarding flow.

Best for: Beginners and SIP / mutual-fund investors who want a clean mobile experience

Why: Simple app UX, often zero AMC, and stocks + mutual funds in one place.

AMC: ₹0 AMC on many plans (confirm current offer)
Delivery: Often ₹20 / order or promotional zero — verify tariff sheet
Intraday: About ₹20 per order (indicative)
Est. annual*: ₹1,920

Verified 20 Aug 2026 · Official tariff

View details Open account

Dhan

8.3/10

discount · CDSL

Best for F&O

Modern discount broker aimed at active traders with options tools, scan features and competitive flat fees.

Best for: F&O and options-focused traders

Why: Trader-oriented tools with often zero AMC and zero delivery brokerage.

AMC: Often ₹0 (confirm)
Delivery: ₹0 on many plans
Intraday: About ₹20 / 0.03% (lower of the two)
Est. annual*: ₹1,590

Verified 20 Aug 2026 · Official tariff

View details Visit website

Upstox

8.2/10

discount · CDSL

Partner

Popular discount broker with Upstox Pro for charts and a focus on fast account opening. Used widely for equity, F&O and IPO applications.

Best for: Budget-conscious traders who want Pro-style charts and quick onboarding

Why: Fast KYC, Upstox Pro charting and competitive flat fees.

AMC: Often ₹0 / promotional AMC (confirm current plan)
Delivery: About ₹20 per order on many plans
Intraday: About ₹20 per order
Est. annual*: ₹1,920

Verified 20 Aug 2026 · Official tariff

View details Open account

Fyers

8.1/10

discount · CDSL

Discount broker popular with chart-focused traders; TradingView-style workflows and flat fees.

Best for: Traders who want charting-first workflows

Why: Chart-centric experience with competitive flat fees.

AMC: Plan-dependent / often low
Delivery: ₹0 on many plans
Intraday: About ₹20 per order
Est. annual*: ₹1,620

Verified 20 Aug 2026 · Official tariff

View details Visit website

5paisa

7.7/10

discount · CDSL

Listed discount broker (IIFL group) with flat-fee plans and optional research/advisory add-ons.

Best for: Investors looking for low-cost trading with optional research packs

Why: Simple flat-fee model with broad segment access.

AMC: Plan-dependent (often ~₹300/year — verify)
Delivery: About ₹20 per order
Intraday: About ₹20 per order
Est. annual*: ₹2,130

Verified 20 Aug 2026 · Official tariff

View details Visit website

ICICI Direct

7.7/10

full service · NSDL

Best 3-in-1

Full-service broker with seamless 3-in-1 (bank + demat + trading) for ICICI Bank customers and deep in-house research.

Best for: ICICI Bank customers who want research and one-app banking + investing

Why: Best-in-class bank integration and research if you already bank with ICICI.

AMC: Higher than discount brokers (plan-dependent)
Delivery: Percentage-based on classic plans (or flat on Neo/Prime — confirm)
Intraday: Plan-dependent (flat ₹20 on some Neo plans)
Est. annual*: ₹3,040

Verified 20 Aug 2026 · Official tariff

View details Visit website

Paytm Money

7.5/10

discount · CDSL

App-led investing via Paytm Money for stocks, mutual funds and IPOs with a focus on simplicity.

Best for: Users already in the Paytm ecosystem starting investing

Why: Familiar brand and simple mobile investing for stocks + MFs.

AMC: Plan-dependent
Delivery: Plan-dependent
Intraday: Plan-dependent
Est. annual*: ₹1,896

Verified 20 Aug 2026 · Official tariff

View details Visit website

HDFC Securities

7.3/10

bank backed · NSDL

Bank-backed broker for HDFC customers with research coverage and the newer HDFC Sky experience.

Best for: HDFC Bank customers who prefer bank-linked investing

Why: Convenient if you already bank with HDFC and want research support.

AMC: Plan-dependent (often higher than discount brokers)
Delivery: Percentage / plan-based (confirm tariff)
Intraday: Plan-dependent
Est. annual*: ₹3,090

Verified 20 Aug 2026 · Official tariff

View details Visit website

Kotak Securities

7.3/10

bank backed · NSDL

Kotak Bank–linked brokerage with Kotak Neo for trading and research support for bank customers.

Best for: Kotak Bank customers wanting 3-in-1 convenience

Why: Bank integration and Neo trading for Kotak customers.

AMC: Plan-dependent
Delivery: Plan-dependent (discount Neo plans available)
Intraday: Plan-dependent
Est. annual*: ₹2,760

Verified 20 Aug 2026 · Official tariff

View details Visit website

Motilal Oswal

7.1/10

full service · NSDL

Full-service broker known for research, advisory and wealth products alongside broking.

Best for: Investors who want research-led advice and relationship support

Why: Research depth and advisory options for investors who want guidance.

AMC: Higher full-service AMC (plan-dependent)
Delivery: Percentage / plan-based
Intraday: Plan-dependent
Est. annual*: ₹3,200

Verified 20 Aug 2026 · Official tariff

View details Visit website

Compare selected (3)

How scores work

EnrichReturns score ( /10 ): Pricing 25%, Platform 20%, Products 15%, Investor suitability 15%, Research 10%, Support 5%, Convenience 5%, Transparency 5%. Scores are editorial estimates for education — not SEBI ratings. ₹0 brokerage ≠ ₹0 total cost (STT, GST, exchange fees still apply).

Partner / referral links may be tracked. EnrichReturns does not open demat accounts or provide investment advice. Always confirm charges on the broker’s official tariff page before applying.

For informational purposes only. Always verify with the official provider before decisions.

About Demat Accounts

Find the right demat account using a style quiz, annual cost estimator, side-by-side compare and transparent scores.

How it works

Take the quiz, adjust yearly trade activity, compare up to 4 brokers, then open an account on the broker site.

Practical tips

Look at total cost (AMC + brokerage + DP), not just headline ₹0 claims — statutory charges still apply.

Important to know

Fees change. EnrichReturns does not open accounts. Not investment advice.

Frequently Asked Questions

Is there a free API for all demat accounts?: No reliable free public API lists every broker with live AMC and brokerage. EnrichReturns uses a curated comparison with verified dates and an annual cost estimator.
How does the recommendation quiz work?: Pick your investing style (beginner, long-term, F&O, IPO, etc.). We rank brokers using tags and our published score weights, then show a best match plus two alternatives.
What does the annual cost estimator include?: Indicative brokerage, AMC and DP charges from our fee model. It excludes STT, GST, exchange fees and stamp duty — so ₹0 brokerage is never ₹0 total cost.
How are broker scores calculated?: Pricing 25%, Platform 20%, Products 15%, Suitability 15%, Research 10%, Support 5%, Convenience 5%, Transparency 5%. Editorial estimates only — not SEBI ratings.
Which brokers have partner / referral links?: Zerodha, Groww, Angel One and Upstox use partner open-account links where available. Other brokers link to their official websites.
Do you open the demat account for me?: No. You complete KYC on the broker’s app or website. We only help you compare and navigate.