Moneysukh

Primary objective of demat account is to keep financial instruments i.e. shares, ETF or Mutual funds in safe custody in electronic form. It is also very much possible people have multiple demat accounts, as in earlier days, only full-service brewers were active but now  discount brokers  are dominating in the stock broking industry providing  better trading platforms . Hence, many investors don’t bother to close or use their existing demat account, instead, they open another one with a new broker. Such investors have the holdings of shares in older demat accounts and now bought the securities in the new demat account with two brokers. And now looking to merge or transfer the shares from one demat account to another one. There are only 2 major depositories in India- one is CDSL ( Central Depository Services Ltd) and other one is NSDL ( National Securities Depositaries Ltd). Only these two entities have the authority to open Demat account in India. Your depository participa...

A paradigm shift is visible in the financial market, making everything easier with the technological development across the segments. Dematerialisation is part of such technological development providing the paperless facility to hold their securities in the digital form. Demat account is the invention of such technological change that now become part of every investor in India. As you know demat account is the part of stock market but need to know what are its benefit and why you need it, so that you make the right use of your demat account. Merely opening a demat account would be not enough to utilize its advantages you need to know various aspects that we are going to discuss today in this article. Before we talk about the  advantages of a demat account ,  let's revise you don't know what is a demat account or the Dematerialisation of such an account. What is a Demat Account? In simple words demat account is mainly issued by 2 major depositories of India ( CDSL & NSDL)...

  Introduction Volatility is the basic inherent property of the  stock market  and to make best of it every investor or trader requires informed and wise decisions. For this purpose traders need to havea strong understanding and knowledge of the various trading methods and techniques along with their repercussions to minimize losses. In a normal trading activity, Short-term trading and intraday trading are two examples of popular trading strategies, each of which presents its own exclusive set of opportunities and challenges. This all-inclusive blog will research into the specifics of these strategies, assessing a variety of topics including taxation, ideas, and essential strategies, amongst other things. Regardless of whether you are a beginner or an experienced trader, this blog will offer you very important information that will surely help you to figure out and successfully find the way in the world of intraday trading and short-term trading. Understanding short-term ...

Those Millennials who think of family planning want their family, spouse, and children's futures to be secure when they are in their prime ages. As they grow older, both productivity and passion for work witness a decline. So even before they take their first step toward family planning, they anticipate future expenses and try to match their income with expenses or cut out unnecessary expenses. In today’s India, where people prefer to transact through UPI, purchase digital gold, and everything is going digital, the stock market is ripping higher, and people prefer the financial market as a way to grow their savings rather than traditional fixed deposits and gold ornaments. For that purpose, having a demant account is essential. Parents and guardians lay the saving foundation for a child by gifting them stocks or a portfolio of securities. Here is when demand meets supply and investors feel the need to open a demat account with a stock broker. Can a Minor Open a Demat Account? Acco...