Demat/Trading Account

Zerodha and Angel One provide level 2 data, scanning, and advanced charting for intraday trading. Brokerage services are available on all three platforms for a minimum of ₹20.

Margin requirements may vary. Zerodha's Kite is quite famous because of its stability and tools. Groww is simple but has fewer features. Angel One provides traders who are risk-averse with a higher level of leverage.

You should consider factors such as an easy user interface, fees (brokerage, account maintenance), available assets (stocks, bonds, crypto), research tools (charts, analysis), security features, and customer support when selecting a trading app. These are some things that you need to keep in mind while choosing the trading app.

Zerodha is suitable for both new and experienced traders as it has low brokerage fees. If you are a beginner, consider using the Zerodha trading app due to its low brokerage fees.

Having multiple trading accounts has many benefits, like diversifying the risk factor, increasing the investments, strategy segregation, and many more, which increase the cost and complexity.

In India, there are some platforms like Zerodha and Groww, which are popular for providing more investment options.

But the ideal setup depends on your personal investment types and needs.

Monthly SIP is a suitable approach for small investments. For initial testing, choose the weekly or monthly investment to keep transaction costs low.

If you buy ETFs daily, then the transaction expenses will consist of different charges like exchange, brokerage fees (which vary depending on the trading platform you use), the Securities Transaction Tax (STT), stamp duty, and GST.

For quick and efficient demat transactions, you can explore brokers like Zerodha, Upstox, and Angel One or banking platforms such as HDFC and ICICI Direct.

You can expect fees for account maintenance (₹300-₹750 annually) and per-trade charges (₹20 or a percentage); discount brokers usually have lower costs.

Both, investment and trading can be profitable, but they serve different goals, purposes, and risk levels. Investing focuses on long-term wealth creation through assets like stocks, mutual funds, and real estate, benefiting from compounding and lower taxes. Trading, on the other hand, involves short-term buying and selling of stocks, options, or forex to capitalize on market fluctuations, offering quick profits but with higher risk and stress. Trading can generate short-term profits, but it is riskier and not ideal for long-term goals unless you are highly skilled.

So, if you want investment in long-term wealth creation with high returns, investing in fundamentally strong stocks, index funds, and mutual funds is more profitable.

You can start a demat account for your daughter, but she needs to be supervised by a guardian. You or your wife can be that person.

But there are some rules, such as:

Even though your daughter's name is on the account, you are the only one who can invest and make deals.

You are in charge of your daughter's demat account, but you can only invest in things through it and not trade.

There are some popular options like Zerodha and Upstox that have lower broker fees. There are some banks like ICICI or HDFC, also have facility of an integrated account but have higher charges. So research properly according to your investment goals and budget and then choose.

Yes, it's important to choose the best service provider for your Demat account, as it influences the cost, user experience, and customer support. For regular traders, Zerodha and Upstox are the popular choices because of their low brokerage costs and user-friendly platform.

For individual seekers, ICICI Direct is very convenient as it gives secure and broad experience. Although its prices are a little higher, it's simple to use, particularly if you have an ICICI Bank Account.