Just like a bank account that safeguards all your liquid cash, an online Demat Account holds all your financial securities in safe custody. When you open a Demat Account with any SEBI registered stock broker and do any transaction such as buying a share, the shares bought are held in the depositories. There are two functional depositories in India namely - the Central Depository Services Limited aka CDSL and the National Depository Services Limited or NDSL. These depositories hold shares in an electronic format, in your dematerialised account. You can hold equities, mutual funds, bonds, exchange traded funds (ETFs) and invest in IPOs (initial public offerings) seamlessly in one-click through your Demat Account.
One of the most highlighting benefits of having an online demat account is - paperless receipts. The dematerialisation of receipts has made it easy for investors and traders to trade at real-time. There is no stress of keeping hold of thousands of receipts and producing them each time you want to trade and invest in the stock market. You can buy shares and hold them for a long period of time in electronic format in your demat account. The dashboard helps you to track your positions 24 by 7. Intraday trading has now become a profession thanks to real-time execution of the buy and sell orders. By opening an online Demat Account you can scale your investments and diversify your portfolio by investing in a variety of stock market trading products ranging from equities to non-convertible debentures (NCDs).
By opening an online DEMAT Account with Motilal Oswal, you get access to a wide range of products and investment solutions in the stock market.The MO Investor app, designed and developed exclusively for investors, helps you to get your hands on equity investments, investments in mutual funds, and other products such as expert designed portfolio services, robotic investment solutions and collated baskets of stocks handpicked by top financial experts. With MO Investor app you can invest seamlessly in the stock market in three simple steps - search your stock, enter the quantity you want to invest in and execute the orders. You can also assign a target price to your favourite stocks.
On the other hand, Motilal Oswal has also developed an exclusive app for stock market trading i.e the MO Trader app. With this app, you can place easy orders for intraday trading and FnO options. You can also use expert crafted trading tools to ace the trading practice. The app is specifically designed to help traders execute orders at real-time to maximise their returns on stock investments.
So, if you are looking for an answer to the question - ‘How to open a demat account?’, then Motilal Oswal is your one-stop shop for all answers regarding your finances.
It is one demat account with multiple benefits.
Investors can invest in a variety of asset classes through Motilal Oswal Demat Account
Hassle-free account opening. Advisor has good knowledge of trading. Tailor made brokerage plans and easy fund transfer.
If you are a rookie in trading and want to know more about Invesment. I personally recommend you to download it.