m.Stock Demat Account Charges, Review, Opening

m.Stock, a trading platform launched by Mirae Asset Capital Markets (India) Pvt Ltd, offers a seamless and cost-effective trading experience through its Demat account services. Known for its competitive pricing, m.Stock has gained popularity due to its unique Zero Brokerage Account (across Delivery, ETF, Mutual Funds & IPO), innovative trading tools, and efficient account opening processes.

Key Features of m.Stock Demat Account

• Intraday, F&O, Delivery, IPO, Mutual Fund and more
• No hidden fees.
• ZERO Brokerage Fee on Delivery, Mutual Funds, ETF & IPO.
• Rs. 5 Brokerage on F&O, Intraday
• NO order and age restrictions.
• Make one-time or SIP investments in direct mutual funds at ZERO commission charges.
• Backed by 26 years of global experience parent Mirae Asset Capital Markets (India) Pvt Ltd.
• Offers Refer & Earn reward of ₹149 on every successful referral.
• Access to advanced charts and indicators.

How to open an m.Stock demat account?

Opening an m.Stock Demat account is a straightforward process that can be completed online in a few steps:

1. Visit the demat account page on the m.Stock website.
2. Enter & verify your mobile number and email ID
3. Enter your personal details like PAN, and DOB.
4. Upload a selfie & signature
5. If your KRA verification is not done, you can do it through Digilocker or manually by updating your address and PAN details.
6. Complete your IPV process.
7. If you are a KRA verified then you will get a pop of E-Sign.
8. After e-sign, you will be redirected to the NSDL page for verification.
9. Verify your Aadhaar and that your account has been created.

m.Stock Demat Account Charges

A Demat account, short for "dematerialized account" allows investors to hold and manage their securities such as shares, bonds, mutual funds, and ETFs in electronic form. It simplifies trading as physical certificates are no longer needed and risks such as theft, loss or counterfeiting are eliminated. In addition, a Demat account helps streamline transactions and makes buying and selling securities more efficient.

Whether you are an experienced investor or just starting out in investing, m.Stock has designed its services to suit different needs.

m.Stock offers:

Free Delivery Plan with Zero Brokerage on Delivery, Mutual Funds, ETF & IPOs and Low brokerage fees of ₹5 applicable on Intraday, Futures, Options, Pay Later (MTF) and Brokerage on Buy Back/OFS/Tender Offer/Delisting segments as per executed orders.

Other costs include nominal transaction fees, penalties for late payment and rematerialization charges. Despite these costs, m.Stock remains one of the most cost-effective platforms for trading.

m.Stock demat account login

To log in to your m.Stock demat account:

1. Go to m.Stock's website.
2. Look for the login button (At the top-right corner of the page).
3. Input your client ID/username and password, followed by any two-factor authentication if required.
4. Once logged in, you can view and manage your demat account, place trades, and access other services.

m.Stock demat account close

To close your demat account with m.Stock by Mirae Asset online, follow these steps:

1. Log in to your m.Stock account using the mobile app.
2. Check your balance: If it's negative, clear the balance.
3. Tap the menu and select the "Edit" icon next to your name.
4. Click on "Edit" next to Contact Details.
5. Select "Segments."
6. Click on "Close My Account."
7. Enter your PAN details and request an OTP.
8. Select "Yes" and provide a reason for closing the account.
9. Click on eSign using your Aadhar via NSDL.
10. Enter your Aadhaar number and the received OTP.

Your account closure request will be submitted.

To close your demat account with m.Stock by Mirae Asset offline, follow these steps:

1. Download the account closure form from the m.Stock the website under the "Download" section at the bottom of the website or collect it from their office.
2. Complete the Form: Fill in the necessary details, including your demat account number, personal information, and reasons for closure.
3. Submit Documents: Attach necessary documents such as your ID proof, account statement, and PAN card.
4. Clear Dues: Ensure that all dues or fees related to your account are cleared.
5. Submit Form: You can submit the form by visiting the nearest m.Stock branch, sending it via courier, or mailing it to their registered office.

Ensure that there are no holdings in your demat account. If there are, either transfer them to another demat account or sell them off.

Demat Account Transfer

Switching your Demat account from your current broker to m.Stock is simple. Here's how you can transfer your account:

1. Step 1: Settle Dues & Close Positions

   Clear all outstanding dues and close any open positions with your current broker. While mutual funds transferred offline won't appear in the portfolio section, they will be reflected in your m.Stock Demat account (DP).

2. Step 2: Download the Account Closure Form

   Visit your broker's website to download the account closure form. If your broker offers a digital process, simply eSign the form and print it.

3. Step 3: Send Required Documents

   Courier the digitally signed Client Master Report (CMR) from m.Stock along with the closure form (from Step 2) to your current broker.

m.Stock Demat Charges

m.Stock trading and demat account opening fees are Rs 0. m.Stock charges Rs 219 per quarter (Quarterly operating charges) per year demat account AMC. m.Stock demat debit transaction fee of Rs 12 per ISIN + GST per debit transaction.