ADVANTAGES OF HAVING A DEMAT ACCOUNT
- snmondal637
- Sep 22, 2021
- 1 min read
Updated: Aug 13, 2023
The present day pandemic scenario is a testimonial of the want to end up financially independent and create a portfolio of assets for your tomorrow. When unpredictability surrounds us, with more than one business in crisis, the need to stable our present and destiny is essential. One needs to store and make investments at the least 20% in their profits in both mutual funds, stocks, or some other asset classes. And the first actual step on the street to financial literacy is having a Demat account.
How will the Demat account help you? Why do you need to open one?
Easy to access – anywhere and anytime
Today has enabled us to get the right of entry to the whole thing in very succinct ways. Whether it is an app for your smartphone or log in through your laptop, handling the shares, funds, etc. is less difficult than ever. A Demat account offers you the power of working all of your share market investments via a single login, obliterating the wishes of handling investments physically.
No restriction of the portfolio size
With a Demat account, one should buy and sell a wide variety of shares. Previously with physical certificates, one needed to restrict themselves to certain quantities or lot sizes. It gets rid of the difficulty of buying and selling with a single security.
Saves money and time
Open Demat Account online, additional stamp duties, processing fees, etc. in physical transactions are eliminated. A Demat account saves you additional fees and paperwork. This saving of time allows the account holder to make smart choices / his portfolio.
Open Demat account now with India's top discount broker
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