Best Demat Account In India for all kind of Investors

Building your financial assets is one of the best ways to become financially stable and independent. Investing in the stock market is one of the best ways of doing so. A lot of financial planning is required to trade shares and earn some profits. Out of the basic requirements for investing in the share market, the most important one is to open a Demat account online.

Demat Account:

Demat account, or dematerialized account, is a place where your shares and securities are held in an electronic form. Opening a Demat account is the first step for trading in the equity markets. A dematerialized account lets you maintain and access your shares and securities from any part of the world and trade them without physically visiting the stock market.

Best Demat Account In India

What to look for in a Demat Account?

Mediocrity is not an option while picking a Demat account. You have to select a Depository Participant that is best suited for you. In order to choose the best Demat account, there are a few things you need to keep in mind.

  • Ease of Account Opening:

Opening a Demat account is essentially is the very first process and hence should be somewhat straightforward. A detailed process, mandated by SEBI, must be followed by DPs while opening a Demat account. This process can be further simplified, by DPs through e-KYC wherein the investor’s Aadhar details can be used for account validation. The whole process is online, and the client must step-in for in-person verification.

  • Demat Account Charges:

When it comes to Demat account charges, you need to add up all the costs that are applied on a Demat account. There are 4 major charges that are levied on a Demat account- account opening charges, annual maintenance charges, custodian fees, and transaction fees. Most of the DPs in today’s time offer free Demat account opening.  Keep all these charges in mind and choose the most economical one.

  • Seamless Interface:

A proper linkage between your bank account, Demat account, and trading account is essential for smooth online trading. There are a plethora of 3-in-1 accounts (all 3 accounts linked) and 2-in-1 accounts (Demat and trading account). 2-in-1 accounts are most favored as they provide a seamless interface between your Demat and trading account.

  • Online Analytics:

Availability of data is crucial for online trading. Select a DP which provides a host of online data analytics like real-time valuation, direct call to action requests for trading clients, analytics on Demat inflow and outflow, timely alerts, dominant market players, industry concentration, thematic concentration, consolidated portfolio outputs among other things.

Motilal Oswal offers the best Demat Account for investors out there. You can open a Demat account online within 15 mins and there are a plethora of features associated with it. Not only that, but it also has the best mobile trading app in India. So, open your Demat account with Motilal Oswal right now.

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