Best Zero-AMC Demat Account in India 2026

Annual maintenance charges quietly eat returns on a buy-and-hold account. These brokers charge ₹0 AMC.

1. #1

   Groww

   Truly ₹0 AMC, zero account-opening cost, beginner-friendly app.

   Delivery: ₹20/trade or 0.1% (whichever is lower)F&O: ₹20/tradeMTF: ~14.95% p.a.AMC: ₹0 (free)
   Groww charges & review →
2. #2

   Dhan

   ₹0 AMC plus the lowest MTF rate and trader-grade tooling.

   Delivery: ₹0 (free)F&O: ₹20/tradeMTF: ~12.49% p.a.AMC: ₹0 (free)
   Dhan charges & review →
3. #3

   Angel One

   Free AMC for the first year (₹240/year after) — effectively zero AMC for new accounts in year one.

   Delivery: ₹20/trade or 0.1% (lower, min ₹5)F&O: ₹20/tradeMTF: ~14.99% p.a.AMC: ₹0 first year, then ₹240/year
   Angel One charges & review →

Compare further

• Live MTF rate comparison (per stock)
• Full brokerage charges comparison
• Brokerage calculator

Rankings reflect Downstox's editorial assessment of verified public charges (March 2026) and are not paid placements. Verify current charges on each broker's site before opening an account.