D-307 Swapnil Arcade,Opp. 108 Call Center,Beside S.P. Ring Road,Nava Naroda, Ahmedabad, Gujarat 382330
D-307 Swapnil Arcade,Opp. 108 Call Center,Beside S.P. Ring Road,Nava Naroda, Ahmedabad, Gujarat 382330
A Demat Account or dematerialized account is used to hold securities and shares in electronic format. This account is used to hold shares that have been purchased, thus making shares trading simple for the users during online trading.
Demat holds all the investments an investor makes in government securities, bonds, mutual funds, exchange-traded funds, and shares in one place.
A Demat account enables easy exchange of shares from physical holdings to electronic units alongside settlement, transfer, and overall management of shares. Online Demat helps you access your transactions and holdings from anywhere using a mobile app or internet banking. It allows corporate sectors to transfer interest and dividends in an electronic form.
Surprisingly, Demat accounts have become immensely popular in the last few years. In India, depositories like CDSL and NSDL provide free demand account services. Intermediary depository stockbrokers or participants like Future-wise Wealth Management provide these services with full dedication.
A Demat account is generally used to hold investments like exchange-traded funds, debentures, equity shares, bonds, government securities, and mutual funds. Keeping a Demat account is indispensable because it makes the process of holding securities and shares in electronic units easier for the investor.
It encourages and helps investors take risks in terms of finance by investing in stocks.