Which DMAT account to open?

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Deal Cadet
worldindia2000

I need to open a dmat account, pls suggest which is good in terms of cost, facilities, service, app UI, features in their app/website, etc.

While suggesting any name, pls tell 2-3 pros and cons 😄

Earlier I used Icicidirect: its good, stable service, provides many features, but costly as annual charges plus brokerage kills. Also it requires icicibank acc, so closed.

Currently I have RelianceSecurity: which is almost not used. Its app is buggy and stop working on market crash day (due to heavy load), app has very min feature, no annual charges but brokerage is too high. So I am planning to close it.

Recently opened Groww for a family member: Opening process pathetic, they took 15 days inspite of adhaar kyc done, customer support is bad and takes 2 days to respond any query. App/UI is very fast, very simple but has only basic features. Zero amc but charges rs 20/0.05% on equity delivery.

Now I need to open a new dmat account for myself. Pls suggest some good options, based on brokerage, features in app/web, customer support, types of reports, reputation. I will deal in equity delivery, MF and IPO. Pls share feedback based on ur experience. Also do they allow investing in US based MF recently launched by Indian MFs?

From popularity prospective, Zerodha comes to my mind as its referred in all business channels.


thanks in advance






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Delhi Capitals Delhi Capitals
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GROWW App
No AMC, No opening charges, Easy to use UI, Call back request option.

Deal Subedar Deal Subedar
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Groww has higher brokerage charges though. 

Deal Subedar Deal Subedar
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Save money, don’t open any dmat account smile

Crowdpuller Crowdpuller
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Go with any top broker who provides zero brokerage on delivery.

Perfectionist Perfectionist
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Zerodha is good
No brokerage for delivery
Smooth and simple app

Pro Shopping Friend Pro Shopping Friend
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I opened groww and everthing was done in about 2 days.

Deal Captain Deal Captain
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what about sbi securities app?

Deal Lieutenant Deal Lieutenant
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Angel broking.. Good app, good customer service and extremely quick opening process.. Pm for referral

Deal Cadet Deal Cadet
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avgn wrote:

Zerodha is good
No brokerage for delivery
Smooth and simple app

Thanks, I am more inclined towards Zerodha being more popular, but in another thread, I had read sometime back that during peak time specially start and end of market, zerodha orders do not get executed. Is that true?

Deal Subedar Deal Subedar
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worldindia2000 wrote:

Thanks, I am more inclined towards Zerodha being more popular, but in another thread, I had read sometime back that during peak time specially start and end of market, zerodha orders do not get executed. Is that true?

This happens with every broker 
Even ICICI has this issue 

Like Magnet Like Magnet
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Finvasia – zero brokerage charges

Deal Lieutenant Deal Lieutenant
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Don’t think. Go for Zerodha!

If u need more details, u can DM me. Using than 4 yrs

Perfectionist Perfectionist
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worldindia2000 wrote:

Thanks, I am more inclined towards Zerodha being more popular, but in another thread, I had read sometime back that during peak time specially start and end of market, zerodha orders do not get executed. Is that true?

Yes, it happens on peak days
But you want only for investment and not trading. No issues in that

Hunk Hunk
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please search the forum for similar threads before making a new one

Deal Lieutenant Deal Lieutenant
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bikidas2060 wrote:

please search the forum for similar threads before making a new one

Zero amc but charges rs 20/0.05% on equity delivery.
biki paji it means say price of a stock is 100 then groww charges 100*0.05% as their charges?

Deal Lieutenant Deal Lieutenant
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worldindia2000 wrote:

Thanks, I am more inclined towards Zerodha being more popular, but in another thread, I had read sometime back that during peak time specially start and end of market, zerodha orders do not get executed. Is that true?

I am sure you will not want to participate at that when it happens because it mostly happens in highly volatile market.

Hunk Hunk
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kukdookoo wrote:

Zero amc but charges rs 20/0.05% on equity delivery.
biki paji it means say price of a stock is 100 then groww charges 100*0.05% as their charges?

ji. Both buy n sell ki

Hunk Hunk
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kukdookoo wrote:

Only zerodha is worth zero fee? how do they earn then?

fno n intraday. FnO me 20 rupees per order. 🙂 And they provide other cross platform services like Sensibull, tickertape, smallcase, streak etc. 

Deal Cadet Deal Cadet
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Looks like more votes for Zerodha, so I will open it being free brokerage charges (only Amc charge ia there) and is most popular.

Another question – shares and MF should be taken in single name or joint name with spouse (as we do in bank accounts/FDs)? As MFs would for long term, and some shares for long term, so single name or joint name DMAT account?

Online/adhaar kyc mode opens single name, I can fill zerodha offline form for joint name acc if thats recommended. They said they will take 3 days to open in offline mode




Deal Cadet Deal Cadet
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worldindia2000 wrote:

Looks like more votes for Zerodha, so I will open it being free brokerage charges (only Amc charge ia there) and is most popular.

Another question – shares and MF should be taken in single name or joint name with spouse (as we do in bank accounts/FDs)? As MFs would for long term, and some shares for long term, so single name or joint name DMAT account?

Online/adhaar kyc mode opens single name, I can fill zerodha offline form for joint name acc if thats recommended. They said they will take 3 days to open in offline mode




can anybody suggest on single name vs joint name pls

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