You can create as many accounts as you want.   Just one per PAN per provider.  
  
 You'll be defeated on portfolio visibility though.  
  
 I'd suggest a maximum of 2 - one to invest, one to trade (if you do).  If you just invest you only need one. 
  
 You cannot view a demat account from other providers.  You can of course transfer your holdings.

Sales Manager

I'm using Groww, if you have any questions related to MF experience, i can help.

Senior Associate

You can create multiple demat accounts from a single PAN.  
  
 You can track your all your demat accounts in apps like IndMoney.  
  
 only possible issues, 
  
 1. Please only apply for IPOs from single demat account. if you do from multiple demats with same PAN, your application will be rejected. 
  
 2. annual AMC of multiple brokers to be borne

Product Manager

For exploring different investment apps, every app asks to create a new demat account.  So is it advisable to create multiple accounts under the same PAN? Any issues in future that I might face?  A...

Welcome to Personal Finance's Private Community

For exploring different investment apps, every app asks to create a new demat account. 
So is it advisable to create multiple accounts under the same PAN? Any issues in future that I might face?

Any way to use groww demat account in zerodha?

Multiple demat accounts from same PAN

Software Developer

Multiple demat accounts from same PAN- Grapevine

Can someone tell me how tax is affected for having 2 demat accounts and what are disadvantages of having 2 demat accounts

Software Test - QA

One of my relatives wanted to invest in SiPs.

Asked my help coz am into direct stocks buying and USA market also. ( Made 10x in last 8y)

So, i checked his phone and got only Paytm and phonepe through which I could have subscribed sips.

But all of sudden I saw expenses like exit load and fund management 2% and 1% respectively.

So, i referred grow and alas! The same charge reduced to 0.XY % ( x and y = 0,1...9) 

Then I researched little bit and got him these fund's.

5000 per month and 40% in large cap. ( Long term 15-20y plan)

He can have moderate risk.( Got 3 kids, planning for their 20s)

Please suggest if all these funds are fine or need to change something

Best Direct Sips

Senior Consultant

Welcome to Indian Startups's Private Community

I know Zerodha is still the sustainable one of the two; but definitely good execution this from Groww? 
Do any of you use Groww? Or is it folks in tier 2/tier 3 and college students? 

https://economictimes.indiatimes.com/tech/startups/groww-likely-to-pip-zerodha-in-active-investor-count-this-month/articleshow/103912890.cms?from=mdr

Groww taking over Zerodha in terms of monthly active investors

Groww has users only because of its huge marketing spree. Groww is still in losses and everyone knows the PnL of Zerodha. Zerodha still miles ahead of Groww atleast for the next few years.  
  
 Trust on Zerodha is second to none when compared to other brokers out there. And that too especially among the big traders who contribute a large chunk of their total revenue.

Software Engineer

What is your advise when it comes to investment via apps? Do you invest through the same app or distribute investments across multiple apps? For example, if I want to invest in SIPs, is it good to do so through a single app or use different apps for different SIPs?  I know the overall investment amount remains the same but just wanted to know pros and cons if any. App suggestions welcome too.

Investment in single app or through multiple apps?

Context : I have been saving up money for over a year now and not actively invested it anywhere due to x reasons.

Now I want to start SIPs as I have achieved my emergency fund and want to reap the benefits of the power of compounding.

Q.1) Which apps offer the option of one time lumpsum + continuing the monthly SIP in a fund?
(Lumpsum to makeup for what I failed to do last year) Is what I am thinking the best strategy and practical? if not, please suggest

Q.2) Recommend me an app with a good customer support team , good number of fund options to invest and have hassle free deposits and withdrawals ?

PS: I have downloaded Groww and I don't see it offering many funds to invest into.

Help with getting started

DevOps Engineer

Hello everyone,

I have been working for around 13 years now. I started my investment journey around 11 years ago. Over 11 years have seen 3 market corrections. 1 major and 2 minor. Seen demonetisation, GST, covid, Russia war, middle east war.

Inspite of all this was able to create a 8 digit portfolio. Hit my first 1 Cr 2 years back.

I have been able to consistently able to hit 35% CAGR in my investments from past 11 years which includes equity, mutual funds, ppf, FD, etc.

At my work everyone asks me for financial advice and I also have helped more than 100 of my colleagues in starting their financial journey. People are quite happy with my advice.

But now I want to get your advice on how I can productize my advice so that I am able to reach people at mass who could benefit and also start their investment journey.

Happy to get your suggestions and advice. Please note I don't want to start a financial advisory firm as then I can only reach or cater to max maybe 200 people.

My thought is to reach 3-5 lakhs individuals.

Welcome to any ideas and collaborations. Let me know.

Ideas to turn my hobby into a product?

Growth Manager

I've got a pitch for a new investment app with a strong team and idea looks decent. However my biggest concern is consumer stickiness. 

Taking myself as an example, I've been a zerodha user for as long as I remember, kite & coin both. Even though I've been hearing good things about Groww, I don't feel like shifting my whole portfolio ( taking the headache associated with migrating & monitoring a new app) all for better UI. 

So, would you guys, use a new investment app?

Would you switch to a new investment app?

Hello Grapeviners,
Which one of them is overall good to have demat account for share investments?
Asking for my younger cousin brother who is new to all these things.

Please share your experiences, your inputs will be much appreciated.Thanks

PS- I have been using zerodha was very much satisfied with the app ,till they change the details page for stock.Earlier it was ticker but now it is Tijori which is much harder to navigate the details as UI is not that good as earlier in Ticker.

Zerodha, Upstox, Groww,5 Paisa...-Which one is good?

Frontend Engineer

Which mutual fund investment apps would you recommend that offer good control over invested funds? Why would you recommend it?

On the contrary, which apps should I avoid at all costs?

Multiple demat accounts from same PAN

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