How Many Demat Accounts Should You Have? Where? Cost? Tax? | Benefits of Multiple Demat Account
How Many Demat Accounts Should You Have? If you want to invest in stocks, mutual funds, bonds, or other securities in India, you need to open a demat account. The number of demat accounts you should have depends on your investment needs and goals. The cost of opening and maintaining a demat account may vary depending on the broker or depository you choose. Some brokers may charge a one-time account opening fee, while others may not. Additionally, there may be account maintenance charges(AMC) and transaction fees. It's important to read the terms and conditions carefully before opening a demat account and to compare the fees charged by different brokers to choose the one that suits your budget and investment needs.
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