Best Demat App for Beginners in India (2026)

New to investing? You want a clean app, free or low charges, and easy KYC. These picks are the simplest to open and use for a first-time Indian investor buying stocks or mutual funds.

Our top pick for this is Zerodha — India's most trusted discount broker. Free equity delivery, the polished Kite platform, Console reporting and the free Varsity education library make it the default first account for serious long-term investors.

#NameScoreAccount OpeningDemat AMCDelivery BrokerageIntraday & F&O
1ZerodhaTop pick9.4/10₹0 (free)₹300 / yr (1st yr free)₹0 (free)₹20 or 0.03% (lower)
2Groww9.2/10₹0 (free)₹0 (free)₹0 (free)₹20 or 0.05% (lower)
3Angel One8.8/10₹0 (free)₹240 / yr (1st yr free)₹0 (free)₹20 or 0.25% (lower)
8HDFC Sky7.9/10₹0 (free)₹0 (basic plan)₹20 / order₹20 / order

Best overall

1

Zerodha

India's most trusted discount broker. Free equity delivery, the polished Kite platform, Console reporting and the free Varsity education library make it the default first account for serious long-term investors.

9.4
/ 10
Account Opening
₹0 (free)
Demat AMC
₹300 / yr (1st yr free)
Delivery Brokerage
₹0 (free)
Intraday & F&O
₹20 or 0.03% (lower)
  • Free equity delivery
  • Best-in-class Kite platform & Console
  • Huge, stable, trusted user base
  • Free Varsity learning
  • ₹300/yr AMC from the second year
  • No free call-and-trade advisory
  • Occasional load at market open
Open account Official site
2

Groww

The simplest app for first-time investors, now one of India's largest brokers by active users. Stocks, mutual funds, IPOs and ETFs in one clean interface with zero account opening and zero AMC.

9.2
/ 10
Account Opening
₹0 (free)
Demat AMC
₹0 (free)
Delivery Brokerage
₹0 (free)
Intraday & F&O
₹20 or 0.05% (lower)
  • Free delivery, zero opening & zero AMC
  • Easiest app for beginners
  • Stocks + mutual funds in one place
  • Fast paperless KYC
  • DP charge (~₹20) when you sell shares
  • Fewer advanced trader tools
  • Lighter charting than Kite/Fyers
Open account Official site
3

Angel One

A full-featured app that blends discount pricing with research and advisory. Zero account opening, free first-year AMC and a feature-rich platform make it a strong all-rounder for Indian investors.

8.8
/ 10
Account Opening
₹0 (free)
Demat AMC
₹240 / yr (1st yr free)
Delivery Brokerage
₹0 (free)
Intraday & F&O
₹20 or 0.25% (lower)
  • Free equity delivery
  • Research, advisory & smart-API
  • First-year AMC waived
  • Large branch + support network
  • Higher intraday % rate than peers
  • App can feel feature-heavy for beginners
  • Upsell of advisory products
Open account Official site
8

HDFC Sky

HDFC Securities' modern discount app, bringing flat-fee trading and the trust of HDFC to cost-conscious investors who want a bank-backed broker.

7.9
/ 10
Account Opening
₹0 (free)
Demat AMC
₹0 (basic plan)
Delivery Brokerage
₹20 / order
Intraday & F&O
₹20 / order
  • Backed by HDFC
  • Flat ₹20 trades
  • Zero AMC on basic plan
  • All segments in one app
  • Newer app, still maturing
  • Fewer power-user tools
  • Premium plan for lowest rates
Open account Official site

Other demat picks by need

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Charges verified June 2026 from each broker's official site; they can change — confirm before opening. Information only, not financial advice.