What is a Demat Account & Benefits of Demat Account | Edelweiss Wealth Management
This video covers the basics and benefits of a demat account. So if you want to trade in the live stock market, but are unaware of what a demat account is, this video will definitely help you to cover all the basics.
What is a Demat account?
Demat is a short form for dematerialized account. It dematerializes your physical securities and enables you to hold onto your financial instruments in an electronic format. If a savings account is used to hold your money, a demat account is used to hold your securities. It is important to know that, as an investor you cannot trade in the stock market (https://www.edelweiss.in/market) without possessing a trading and demat account. One of the many benefits of having a demat account is that, via demat account you can hold certificates of mutual funds, etf, bonds and shares in one place. To know more on demat account, you can visit https://www.edelweiss.in/investology/...
What are the benefits of a Demat account?
1. Easy to Hold: Since Demat account holds shares in an electronic manner and not a physical manner, there are no chances of physical wear and tear.
2. Immediate Updates: Your investment portfolio is updated with every transaction you make.
3. Lower Costs: When physical share certificates were used, stamp duty was one of the major costs investors had to bare. Now, by using Demat accounts, investors incur must lower costs.
4. Reduction in delivery risks: Due to reduction of paper work post the introduction of Demat account issues such as loss of certificate and theft of certificates were resolved. Once you conduct a trade in the equity market (https://www.edelweiss.in/oyo/equity) all shares are automatically transferred to your demat account.
So now that the basics and benefits of a Demat account are clear, you can open a Demat account online by visiting https://www.edelweiss.in/open-new-acc...
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