Investing in mutual funds has never been easier, especially with modern demat accounts that allow you to manage everything from one app — purchases, SIPs, redemptions, tracking, and portfolio reviews. As we step into 2026, millions of new investors — particularly salaried professionals and beginners — are looking for the best demat account for mutual fund investing that is simple, affordable, and reliable.
If you’re planning to invest in mutual funds this year or want to switch platforms, this guide will help you understand which demat accounts stand out in 2026 and how to choose the right one for your needs without confusion or sales hype.
Do You Need a Demat Account for Mutual Funds?
Short answer:
No — but having one makes life much easier.
You can invest directly with fund houses through their websites or “direct apps.” But using a reliable demat platform offers several advantages:
- All mutual funds in one single dashboard
- Easy SIP setup and automation
- Paperless KYC and instant onboarding
- Portfolio tracking and tax reports
- Option to invest in stocks later using the same account
That’s why most modern investors now prefer opening one demat account and managing all investments under one roof.
What Makes a Demat Account “Best” for Mutual Funds in 2026?
Before jumping into any platform names, it’s important to understand what actually matters:
1. Zero Commission on Mutual Funds
In 2026, almost all reputable platforms provide direct mutual fund plans with zero commission, which means lower expense ratios and better long-term returns.
2. Low or No AMC Charges
Some demat accounts still charge annual maintenance fees ranging between ₹300 and ₹800. The best platforms either charge zero AMC or provide permanent fee waivers.
3. SIP Simplicity
The platform should allow easy SIP setup, modification, and cancellation without paperwork or hidden restrictions.
4. Clean Mobile App
A clutter-free and intuitive interface is critical — especially for beginners.
5. Fast Customer Support
Reliable assistance through chat, call, or email is a key feature that many investors overlook but often need.
Best Demat Accounts for Mutual Funds in 2026
Based on usability, cost, reliability, and investor popularity, here are the platforms widely trusted in 2026.
Groww
Best for beginners
Groww has become one of India’s most beginner-friendly investment apps.
Why people prefer it:
- No demat or AMC charges
- Direct mutual funds with zero commission
- Simple SIP scheduling
- Clean, easy-to-use dashboard
Best for:
First-time investors, students, and salaried professionals who prioritize simplicity.
Zerodha (Coin App)
Best for long-term investors
Zerodha’s Coin platform stores mutual funds in demat form and is considered one of the most stable platforms.
Highlights:
- Direct plans only
- Strong performance analytics
- Large, trusted user base
- Highly secure platform
Things to note:
- Small AMC (approximately ₹300 annually)
- Interface may feel advanced for some beginners
Best for:
Investors with larger portfolios or existing Zerodha stock traders.
Upstox
Best low-cost alternative
Upstox delivers a practical mix of affordability and features.
Pros:
- Free account opening
- Direct MF investing
- Useful portfolio tracking tools
Cons:
- App experience slightly less polished compared to Groww
Best for:
Investors seeking cost efficiency with reliable functionality.
Angel One
Best for research tools
Angel One integrates stock research with mutual fund investing.
Pros:
- Direct fund access
- Detailed portfolio tracking
- Educational content and insights
Cons:
- AMC charges apply
Best for:
Users who value market analysis and investment research.
Kuvera (MF-Only Platform)
Best pure mutual-fund experience
Kuvera focuses exclusively on mutual fund investing rather than stock trading.
Highlights:
- Completely free platform
- Direct mutual fund plans only
- Goal-based investment planning tools
- Tax harvesting and reporting features
Best for:
Investors who plan to invest only in mutual funds and prefer a distraction-free interface.
Which Platform Is Right for You?
| Investor Type | Best Choice |
| Beginner investor | Groww |
| Long-term serious investor | Zerodha Coin |
| Low-cost trading + MF combo | Upstox |
| Research-focused investor | Angel One |
| Mutual-fund-only investor | Kuvera |
Can One Platform Increase Your Returns?
Platforms don’t increase returns directly, but choosing one that provides direct plans significantly improves profits.
Direct plans offer:
- Lower expense ratios
- Stronger compounding over time
- No distributor commissions
Over 15–20 years, this cost difference can mean lakhs of rupees more in total portfolio value, especially for consistent SIP investors.
Final Tips for Choosing Your Demat Account
Before opening an account in 2026, consider the following:
- Are you a beginner? Choose simplicity.
- Do you want stocks and mutual funds together? Select a full-service demat broker.
- Planning large SIPs for the long term? Low AMC and platform stability matter.
- Want research tools? Look for platforms offering analytics and insights.
Tip: Avoid opening multiple accounts unless truly necessary. Managing a single consolidated portfolio is safer and far simpler.
Final Thoughts
The best demat account for mutual funds in 2026 is not necessarily the most popular or cheapest option — it’s the platform that aligns with your investing style and long-term goals.
For beginners, platforms like Groww and Kuvera keep things simple and accessible. For more serious investors, Zerodha’s proven stability and analytical tools make it a strong choice.
Above all, remember:
The platform doesn’t build your wealth — consistency does.
Choose a tool and focus on regular investing, long-term discipline, and patience.
