Getting started with a free demat account

0
331

Brokerage firms offer free Demat Accounts. You need to compare their services, platforms, and charges before deciding which broker to choose. Some popular Free demat account with zero brokerage are:

1. Upstox: This is one of the most popular discount brokers in India. It offers free Demat Account opening with no AMC (Annual Maintenance Charge) for the first year.

2. Zerodha: Zerodha is India’s largest discount broker. It offers free Demat Account opening and zero AMC for the first year.

3. Angel Broking: Angel Broking is one of the oldest stockbrokers in India. It offers free Demat Account opening and zero AMC for the first year.

Required documents and steps to open a free Demat Account.

To open a free Demat Account, follow the steps below:

1. Visit the chosen broker’s website and click on the ‘Open an Account’ button.

2. Fill in the application form with the required information and upload the required documents, including the PAN card and AADHAR card.

3. Complete the e-sign process or print and sign the application form and courier it to the broker’s office.

4. Once your application is approved, you will receive login credentials to your Demat Account.

How to Trade in the Stock Market Without Brokerage Fees.

Mutual funds are a popular choice for investors who want to start trading in the stock market. You can invest in mutual funds either directly or indirectly.

1. Indirect Mutual Funds – Indirect Mutual Funds are those where you invest in a mutual fund scheme through a broker. As this investment is made through a broker, brokerage fees apply.

2. Direct Mutual Funds – Direct Mutual Funds are those where you invest directly through the mutual fund company’s website or using an online investment platform. In this case, as there is no broker involvement, you don’t have to pay any brokerage fees.

Tips and Tricks to avoid brokerage fees while trading on the Stock Market.

There are several ways to trade in the stock market but avoid brokerage fees. Some popular methods are:

1. Invest in Direct Mutual Funds: To avoid brokerage fees, investors can invest in mutual funds directly through the mutual fund company’s website or using an online investment platform.

2. Use Discount Brokers: Discount brokers offer low brokerage fees compared to traditional brokers. They offer various facilities such as a free Demat Account, zero AMC, and low brokerage fees.

3. Use the Brokerage Calculator: Before investing, calculate the brokerage fees using the broker’s brokerage calculator. You can also compare brokerage fees.

Conclusion.

In conclusion, opening a share market account open and trading in the stock market can generate positive returns if you follow the right approach. The Demat Account eliminates physical shares and ensures safe and secure trading. It is also cost-effective, making it an attractive choice for small investors. Before trading, make sure you understand the terminologies used in the stock market. Choose a discount broker that offers free Demat accounts, zero AMC, and low brokerage fees. Lastly, trading Direct Mutual Funds is a convenient way to invest in the stock market without brokerage fees.