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Guided playbook · 4 steps · 3 min

Open your first demat account

4 steps: tell us how you'll invest, see your true monthly cost per broker, get a scored match and an account-opening checklist.

A first demat account goes wrong on costs, not stocks: percentage brokerage on small orders, AMC you didn't notice, and an app that assumes you know order types. This flow scores all 30 brokers against your answers using the same transparent scorer as the find-my-broker quiz, then estimates your monthly brokerage from your own trade pattern.

Keep the first month tiny — one index fund or blue-chip share — while you learn order types, T+1 settlement and the full charge stack.

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FAQs

How much money do I need to start?

You can start with ₹500–1,000. Keep first trades tiny while you learn order types, settlement (T+1) and charges.

What documents do I need?

PAN, Aadhaar (for eKYC/e-sign), a bank account in your name, and a mobile number linked to Aadhaar. Most accounts open fully online in 1–2 days.

Should beginners use intraday or F&O?

No. Learn delivery investing first — intraday and F&O add leverage, time decay and costs that punish inexperience quickly.

How we research. Every fee on this site carries a source and a verification date. Data is re-checked against official broker pages; read our editorial methodology. LetsInvest is a research publication, not a financial adviser — see our terms.