Why It’s Important to Go Demat to Go Paperless

by Nirali Shah Financial Advisor

Demat or dematerialization is a revolutionary term in the investment arcade. If you ask us, what is a demat account? Rather than going technical, we would say it is convenience. It allowed the investors to deal with investments without having to bear the obligation of physically owning it. It also enabled quick transactions which worked in favor of fetching timely and higher returns for the investors. For the ones trying to make a new entry in the market, here is a comprehensive digest answering all your Whats and Hows related to online demat account opening.

In order to start investing, other than having the knowledge about an asset class, it is essential to open a demat account. There are countless brokers registered with SEBI who offer services like open free demat account, virtual guidance to investment, real-time tracking etc. The investor is already confused about picking the right investment avenue and hunting for a right broker for online demat account opening will be the last thing he would want. All we are saying is when you opt for online demat account opening, decide on a broker who:

· Offers to open a free demat account- Who doesn’t like freebies?!

· Allows online demat account opening and KYC- Because come on, do you really want to travel to a broker’s office with all your documents?

· Lowest lumpsum brokerage or per transaction cost- So that you can save on that additional brokerage expense and invest that as well!

· Easy portfolio management- Access from multiple devices and instant booking of trade. A professional guidance on board will simply be impeccable.

· Auto SIP- As the forgetful individuals we all are, we would require at least the broker to be responsible. Auto debit from account linked with your online DEMAT account ensures that you are growing towards your goal one step at a time.

· Addons- Like certain delicacies are only complete when complemented with siders, an ideal broker for online demat account opening will the one who gives something over and above the regular services like being home to neutral financial services, free analytical tools, click approach for quick asset class selection and daily market news delivered right to your mailbox!

Still buying stocks the old way? Its time to step your game up!