How to Open A DEMAT Account in Simple Steps Online?

Opening a demat account is mandatory to invest in the stock market. A demat account acts like a vault for multiple securities including equities, ETFs, mutual funds, corporate bonds, etc. By providing exposure to multiple financial instruments, a demat account contributes significantly to your wealth creation efforts. As it assists you in maintaining a diversified investment portfolio, it also helps to balance the risks associated with money market instruments.
 

The option of choosing a nominee while opening a demat account allows you to provide the benefits of your investments to your legal heir. You may also convert your physical shares using a demat account and transferring demat shares from one account to another is also possible.
 
Also, it is possible to open a demat account online these days. Ensure that you have all the documents that validate your identity, address, bank account information, and income in place while opening a demat account. Factors like brokerage, ease of opening the demat account, user-interface, credibility of the broker, and quick and easy access to investment portfolio should be evaluated before opening a demat account.


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