Dmat For Beginners.

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Last Comment 2024-04-19

Open your free demat account on upstox and apply for ipo's topic banner 1200 x 110

2024-04-17

I am new to stocks & dmat. Infact I never purchased any share myself before.

So while I was going thru which dmat broker is better I came to know that each broker is associated with a depository (NSDL or CDSL).

Can you guys let me know ? Which depository is better? NSDL or CDSL.
Which Demat broker is reliable ? with minimal charges.
Currently I found HDFC Sky to be good for my use case.

My usecase : I dont want to much trading (buy & sell), looking to buy shares & SGB for long term.

Please advice based upon your knowledge/experience.

Disclaimer

We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.

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https://www.desidime.com/discussions/dmat-for-beginners?page=1#post_10027009

manishs

2024-04-19

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Dhan is good, but I prefer Zerodha. And I'll help you in learning

https://www.desidime.com/discussions/stocks-tha...

https://www.desidime.com/discussions/dmat-for-beginners?page=1#post_10025060

ssmaikap

2024-04-18

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I use Dhan. It has a plenty of features. No AMC, No A/c Opening charges. Brokerage rs0 for delivery. For others, rs 10 per order for women (men-rs 20)

https://www.desidime.com/discussions/dmat-for-beginners?page=1#post_10023394

homedimer

2024-04-17

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yes open in groww

https://www.desidime.com/discussions/dmat-for-beginners?page=1#post_10023363

flash007

2024-04-17

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CDSL is more popular.

Zerodha/Groww is leading with user base in these, followed by angelone and upstock. Any broker from these should be fine.

For your use case, i think Groww will be best, since it doesn't have any annual charges.

https://www.desidime.com/discussions/dmat-for-beginners?page=1#post_10023336

mieruko

2024-04-17

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also cdsl is better, especially when you want to transfer shares from one demat to the other, the process is very smooth and online, nsdl on the other hand has a very complicated way of doing so, afair they do it through an offline form.

also most discount brokers are now partnered with cdsl whereas the banks like hdfc, icici, sbi etc are partnered with nsdl.

either way I suggest to go with cdsl broker for better convenience

https://www.desidime.com/discussions/dmat-for-beginners?page=1#post_10023334

mieruko

2024-04-17

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groww and zerodha are good.

I'm using zerodha now

https://www.desidime.com/discussions/dmat-for-beginners?page=1#post_10023199

Oziee98

2024-04-17

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I would suggest Zerodha. It has good user interface and you can also invest in mutual funds through Coin app which would deposit the mf units in the same Dmat account.