Guy,s If you want to know about the best Demat account for SIP then you are at the right place.
SIP stands for a systematic investment plan, Offered by mutual funds to the investors to invest in a disciplined manner.
Guys, I want it clear, to invest in SIP you don’t need to have a Demat account. I mean it is not necessary to have a Demat account to invest in SIP.
You can get SIP with a Demat account or without a Demat account. you can see the SIP link in all the banking apps. when you open a saving account you get all the facilities through the banking app.
Even you can see this facility in the “Phone Pay app”.
But if you want to invest through Demat Account then there are the following best Demat accounts for SIP available.
Best Demat account for SIP:
Demat accounts provide the facility for share trading and mutual fund investment. There are the following best demat accounts that you can select for trading.
Upstox Demat Account:
Upstox demat account provides you the facility to trade in stock, mutual funds, digital gold, future, etc. upstox provides you with total digital facility from account opening to trading. you don’t need to go to a branch for KYC you can submit a KYC document online.
It hardly takes 5 minutes to open a digital account. and make you available for trade.
It provides you charting software for stock analysis and support with key information by the blog and other digital platforms like- youtube, WhatsApp, telegram
Its brokerage saving platform as its one of the discount brokerage platforms that provide you ease in brokerage.
Features:
- Simple and paperless account opening process
- Support with various digital platforms
- Real-time trading facility
- One account for all investment purposes like- share trading, mutual fund investment, Ipo
- Provide facility to invest in paper gold digitally
Zerodha Demat account:
One of the best online digital platforms for share trading in intraday and delivery trading. It also supports for mutual fund investment as well as for paper gold investment.
Zerodha provides the best charting software for share trade analysis. you don’t need to purchase third-party software for share analysis.
On this platform, you get a detailed analysis of stock and the stock market.
Features:
- Provide market-researched data for trade analysis
- Good charting software for stock analysis basis on a pattern
- You can create your own trading platform with this software
- Provide transaction and trading history with just a simple click
Open you account
HDFC Securities Demat Account:
A 20-year-old experienced platform for stock trading. If you are looking for offline mode or want a sales executive to visit your house and provide you with detailed information then you should try this platform.
HDFC securities demat account can be the best option if you are not looking for a discount brokerage platform.
Features:
- A well-known reputed brand for Demat account
- Provide a good user experience
- Best in the industry
Kotak Securities Demat Account:
Nowadays it’s very easy to get a saving account in Kotak as they have launched Kotak 811 zero balance saving account.
If you have an account then open your app and apply for the securities it will help you to get an easy demat account.
Although Kotak is now offering a Trinity service account you can avail that service.
Kotak is one of the best platforms I am also a user of Kotak so I can share my personal view with you all.
Feature:
- Best Demat account service provider
- Provide digital and offline support for all queries
ICICI Direct Demat Account:
Icici upgraded himself into a digital platform now you can avail of all the services digitally. You can avail of all the services like – Share trading, Mutual fund investment, SIP, IPO, etc.
I like the Icici services most they have large strength of privileged bankers and executive for customer support.
Features:
- Provide a global investment facility
- Good customer support
- all facility available
Conclusion:
Guys if you want to start trading then you should try discount brokerage platforms like Upstox and Zerodha.
If you just want SIP then you should get it with banking apps you don’t need of demat account.
