Demat Account Comparison Calculator
Every broker prices account opening, annual maintenance, brokerage and DP charges differently — and the cheapest one for you depends on how often you actually trade. Compare real published rates below, then estimate your own annual cost based on your usage.
| Broker | Account Opening | AMC | Delivery Brokerage | DP Charge (per sell) | Open AccountPartner links |
|---|---|---|---|---|---|
| Zerodha | ₹0 (Free) | ₹0 (1st year free), ₹300/year after | Free | ₹15.34 (incl. GST) | Open Account |
| Upstox | ₹0 (Free) | ₹0 (1st year free), ₹150/year after | Free | ₹18.5 (incl. GST) | Open Account |
| Angel One | ₹0 (Free) | ₹0 (1st year free), ₹240/year after | Free | ₹20 (incl. GST) | Open Account |
| Groww | ₹0 (Free) | ₹0 (lifetime — no AMC ever) | ₹20/order | ₹20 (incl. GST) | Open Account |
| Indiabulls Securities | ₹0 (Free) | ₹0 (1st year free), ₹300/year after | ₹11/order (flat, all segments) | ₹18.5 (+ GST) | Partner link pending |
Comparing more brokers, or want feature-by-feature reviews and IPO application walkthroughs? See the full Brokers hub, which covers 9 brokers in depth. This page focuses narrowly on the demat/trading cost comparison and a quick annual-cost estimate.
Estimate your first-year cost
This estimate covers account opening, AMC and this-usage DP/brokerage charges only — it excludes STT, exchange transaction charges, SEBI fees and stamp duty, which are statutory and near-identical across brokers. Use the Net Proceeds Calculator for a full per-trade charge breakdown.
How the Demat Account Comparison Calculator works
Four charges determine most of a demat account's real cost: account opening (mostly free industry-wide now), Annual Maintenance Charges (AMC) (often waived in year 1, then billed yearly), delivery brokerage per executed buy/sell order, and DP (Depository Participant) charges — a per-scrip, per-day fee charged only when you sell shares out of your demat holding, regardless of quantity sold.
None of these are SEBI-fixed rates — every figure here is broker-published pricing that can and does change, so the "as of" date above matters. The estimate calculator applies your expected number of buy-and-sell round trips per year against each broker's AMC and per-order charges to show which is genuinely cheapest for your usage, not just on paper — a broker with zero AMC but higher DP charges can cost more than one with a small AMC once you trade frequently, and vice versa.
Disclosure:the "Open Account" links for Zerodha, Upstox, Angel One and Groww are affiliate/partner links — ipomarket.in may earn a commission if you open an account through them, at no extra cost to you. This never affects the fee figures shown, which come from each broker's own published rates.
Disclaimer: This calculator is for educational purposes only and does not constitute investment advice. Always read the Red Herring Prospectus and verify current rates before applying for any IPO.