Benefits of holding a demat account

1
Benefits of holding a demat account The concept
of dematerialization is similar to the concept of
keeping your money in a bank with a passbook and
accessing your balance on the internet. For all
of us, it has simplified and made safe the
process of trading and holding shares. The
details are securely stored with depositories,
and the data is adequately backed up given its
value and sensitivity. According to an Indian
wealth research report, only 5 of Indian
families' financial wealth currently goes into
financial products, including equities
directly or through mutual funds. As a fully
electronic data trail with a full
investment history, Demat is also an
effective tool for investment, reports, tracking,
growth, and tax compliance. The opening of a
Demat account reduces trade barriers with its
ease of access and the ability to transfer shares
quickly. Moreover, the agreement between you and
the Depository Participant is not subject
to stamp duty, saving you costs associated
with dealings and registration. The shares held
in can also be pled as collateral to secure a
personal loan. Opening a Demat account allows
you to link it to other relevant accounts
and start trading or investing making it easy
and smooth for the people. For more information,
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