Mutual funds, ETFs, Crypto, Stocks - you must have come across such terms at least once in your life. Investments and savings become a big part of your life once you become an adult. But how do you do it? If you’re someone looking to start investing, creating a Demat account is your first step. But what is a demat account? A Demat account is similar to your bank account. However, instead of storing money, a Demat account stores your stocks, funds, and bonds in digital form. Where do you open a demat account? Similar to how you open an account with a bank, you open a Demat account with a registered stockbroker. Some examples of stockbrokers include Zerodha, Groww, Upstox, etc.
What are the possible charges and commissions?
Certain stockbrokers take hidden charges and commissions in various forms. Some of them include:
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Opening charges.
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Annual Maintenance Charges (AMC)
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Brokerage/Commissions on trades.
Currently, there are multiple platforms that do not take opening charges or AMC. In this article, we will discuss various apps that infrequent traders can consider for their investments.
How do these platforms benefit infrequent traders?
1. As most of these apps do not take opening charges or AMCs, you get the full amount that you invest.
2. Ainfrequent traders, you don't trade much. If the app takes up charges every time you do, it takes away the profit from the trade. This makes the whole process less cost-effective.
3. It is ideal for long-term investments as infrequent traders don't often trade and are looking for platforms to simply hold their money.
4. These platforms are beginner-friendly, catering to the mindset of new or novice traders.
Here are a few platforms that traders can look into.
1. Zerodha
- This platform offers a clean, user-friendly interface, which is ideal for beginners and infrequent traders.
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This platform can be accessed through the kite app.
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This platform has an opening charge of Rs.200 and an AMC of Rs.300/year.
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There are no other hidden charges or commissions.
2. Groww
- Groww is a fast-growing demat platform that is highly regarded by new traders.
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It has no AMC charges and charges zero commission.
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A demat account can be opened on the same app.
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The interface is user-friendly and can be accessed easily by rookie traders.
3 . Upstox
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This platform can be accessed through the Upstox app.
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It offers zero AMC for the first year and zero brokerage on trade.
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After the first year, it charges an AMC of Rs.150/year.
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It is regulated by SEBI, so it is safe and trustworthy.
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This app gives you frequent alerts as notifications and thereby keeps you informed about your investments.
4. Dhan App
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This platform offers zero opening charges and AMC.
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The user interface is clean and can be navigated easily.
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They have diverse investment options like Mutual funds, ETFs, and IPOs– all under one roof.
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They have in-app learning materials that educate new traders.
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They also have multiple advanced tools that will cater to seasoned traders.
5. Stock by Mirae
- A one-time payment of ₹999 gives you zero brokerage for life, not just on delivery trades but also intraday, F&O, currency, and more.
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Most other apps offer ₹0 only for delivery, while charging ₹20 per trade for intraday/F&O
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All-in-one access to multiple trading and investment options.
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Mirae has a legacy of over 25 years, which makes it one of the most trusted brands.
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No AMC or other hidden charges.
Choosing the right Demat platform is just as important as deciding what to invest in, especially for infrequent traders. When you're not actively buying or selling every day, high brokerage fees and maintenance charges can eat into your profits. Thankfully, platforms like Groww, Zerodha, Upstox, Dhan, and m.Stock by Mirae Asset offer low-cost or even zero-cost options that make investing more accessible and efficient.
Whether you’re just starting out or prefer a more passive, long-term investment approach, these apps provide the tools, security, and convenience you need, without burning a hole in your pocket. Take your time, compare your options, and choose a platform that aligns with your financial goals and trading frequency. Happy investing!
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