When using a demat account, it s crucial to be mindful of certain common mistakes to avoid potential pitfalls and ensure smooth and efficient management of your investments. Here are some common mistakes to steer clear of.
Investors generally cannot open demat accounts without PAN cards in India. Market regulator Securities and Exchange Board of India (SEBI), through its circular dated April 27, 2007, has mandated the requirement of PAN cards for individuals engaging in securities transactions in India.
Dividends play a significant role in generating income for investors in stocks or mutual funds. Dividends signify a fraction of a company s profits shared with its shareholders. Here s a step-by-step explanation of how dividends get credited in a demat account.
Discount broking firms have outperformed traditional full-service brokers with lower fees and faster account setup. However, full-service brokers provide extensive market experience and services like asset management.
KYC, short for Know Your Client, is a mandatory process to identify and verify clients identity in financial institutions. It involves steps like customer identification, understanding financial activities, and assessing money laundering risks to safeguard against illicit financial activities.