loader2
Partner With Us

How to choose best 3-in-1 demat and trading accounts in India

Here are the factors you need to consider while choosing the best demat and trading account in India

To buy or sell shares in the Indian stock market, you need a demat and a trading account. You may also open a 3-in-1 trading account, offered by a few stock brokers offering a wide range of investment services.

Three-in-one account

A 3-in-1 account, is one in which you can get all essential accounts for stock investing – i.e. demat, trading and savings accounts. When you open a 3-in-1 account, you need to fill a single form to open a demat and trading account. 

A 3-in-1 account serves the following three objectives, combined into one account.

  • The demat account enables you to hold your shares in dematerialised form
  • The trading account allows you to place buying and selling orders
  • The funds to pay for your investments are credited and debited from your savings account linked to the trading account, thus enabling you to complete market transactions instantly, in a hassle-free manner.

How do you decide on the best 3-in-1 trading account?

Before you select a 3-in-1 demat and trading account, here are the factors to keep in mind:

Variety of trading and investment options

The most suitable 3-in-1 trading accounts let you perform various trading transactions. You can trade shares in the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). You can also trade in futures and options, commodities, currencies and IPOs. Along with this many accounts also offer an option to invest in Mutual Funds, ETFs, standard portfolios, fixed deposits, buy life or general insurance and even take various kinds of loans.

Multiple modes of access

The best 3-in-1 trading accounts will let you access the online trading platform in various ways. You can trade on the web, on the mobile through an app, or on the desktop. Some brokers also offer a call and trade facility along with 3-in-1 trading accounts, i.e. you can place trade orders by calling a number. The calling facility ensures that you never miss out on a trading opportunity and is particularly useful for those who are not tech savvy.

Advisory services

When you open a 3-in-1 account, you also get access to in-depth research and advisory. Most brokers offering 3-in-1 accounts typically send out research recommendations customised to client needs based on their risk appetites. The best 3-in-1 trading account providers offer advisory services based on risk, return, customers’ financial goals and investment time horizon.

Efficient customer support

Before opening a 3-in-1 account, you must check if the broker has a robust customer support system. Customer service should be available on call and email. Three-in-one account providers may also offer an option where an advisor can call you on request.

Disclaimer: The contents herein mentioned are solely for informational purpose and shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon.

Most Popular

f
  • 15 Sep 2021
  • ICICI Securities

5 Most Popular Reasons for Switching Bank

In the beginning, you would hear from them quite often. But of late, you're noticing more and more signs that it's no longer working. We are referring to your relationship with your bank. Click here to read how to recognize the red flags in your banking relationship and why it might be a good time to end the bond.

  • 15 Sep 2021
  • ICICI Securities

How Intraday Trading Works? Detailed Ideas

Intraday trading in India has been gaining momentum of late. It is no longer the option of only trade pundits.

  • 15 Sep 2021
  • ICICI Securities

What is Intraday trading? A Beginner's Guide

With the advancement of technology and increased knowledge about the stock market, trading is no more a domain dominated by stock pundits.

  • 05 Sep 2021
  • ICICI Securities

Is it Good To Invest in Cyclical Stocks?

Akin to how the pedals of a cycle go up and down as it moves forward, the share price of certain stocks goes up and down in accordance with the economic cycles a country goes through. 

  • 05 Sep 2021
  • ICICI Securities

A primer on Fixed Maturity Plans

If you happen to have some surplus funds which you don’t need for a specific period, but you don’t want to take the risk of investing this money in the stock market, you can very well put this money in a Fixed Maturity Plan or FMP. 

  • 05 Sep 2021
  • ICICI Securities

How to Choose the Best Equity Mutual Fund

You must have heard a lot about investing in mutual funds. But before jumping on this trend you need to assess a mutual fund scheme according to your goals, investment horizon, risk profile, liquidity needs and many other factors to find a suitable match. 

  • 05 Sep 2021
  • ICICI Securities

A Beginner’s Guide to Monetary Policy Tools

The Reserve Bank of India has the incredibly crucial responsibility to formulate the monetary policy. The main objective of monetary policy is to control inflation and provide a conducive environment for the country's economic growth. 

  • 05 Sep 2021
  • ICICI Securities

Buying Penny Stocks and its Risks

There is a specific category of stocks whose prices are very low and they seem to yield exponential returns. But do you know that investment in such stocks could be risky? 

  • 05 Sep 2021
  • ICICI Securities

How to Choose the Best Debt Mutual Fund?

Debt mutual funds primarily invest in fixed income securities, which include money market instruments like commercial papers, corporate bonds, treasury bills, government bonds and other instruments.

  • 05 Sep 2021
  • ICICI Securities

Tax Saving Using Section 80D

“Make your life safe and get insurance immediately”. This statement was never more relevant than the times when the pandemic threatens to wipe off the population. 

Open an Account

Sign Up for Free

+91

Please use the mobile no registered with Aadhaar.

OTP sent to +91 1234567890

Didn’t received OTP? Resend

00:30

iciciDirect-money-logo
iciciDirectMoney-App

Get Research Backed Recommendations.

Download The app now

or Scan below QR Code To download app

QRcode