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How to choose a demat account?

1 Min 07 Feb 2021 0 COMMENT

What is a Demat Account?

A demat account allows you to store your investments digitally.

What should you look for?

Here are few things to consider:

  1. Reputation:

    Choose a DP or broker that has a good reputation.

  2. Convenience:

    Pick one that lets you open the account online in just a few clicks.

  3. Value for money:

    Consider charges. Many brokers waive off account opening and AMC for the first year.

  4. 3-in-1 account:

    A 3-in-1 account combines a trading and savings account with demat, allowing you to make investments seamlessly.

  5. Basic account:

    If you don’t invest much, have holdings under 50k, opt for basic services demat (BSDA) account.
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