A joint demat account is an investment account shared by multiple individuals with equal rights. Specific regulations govern joint demat accounts with a maximum of three holders.
Long-term investing in the stock market is a strategy where investors commit their funds to securities with the intention of holding onto them for an extended period, typically years or even decades.
Mobile phones in India have transformed trading, making it convenient and accessible. Retail investors can now open demat accounts quickly using mobile apps. Mobile trading has gained popularity, especially during lockdowns, allowing retail investors to open demat accounts easily.
Diversification is the cornerstone of intelligent investing, essential for managing risks effectively when investing for the long haul. Here are some key steps you should follow to optimise the use of a demat account for portfolio diversification.
According to domestic brokerage house Motilal Oswal Financial Services, the total number of demat accounts jumped to 15.1 crores in March 2024, with new account additions surging to 31 lakhs in the previous month.