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Demat account is an account that holds shares, bonds, ETFs and other such securities in custody. You can understand demat account like a bank account. Just as a bank account holds cash in custody, the demat account holds stocks and other securities. Just as you can debit and credit cash and cheques to a bank account, you can debit and credit equities and other securities to a demat account.
In India, there are two national level depositories that hold shares in custody viz. National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). However, investors do not directly open a demat account with the depositories. These depositories authorize depository participants (DPs) to open demat accounts on their behalf. For example, IIFL Securities is a registered depository participant (DP) with NSDL and CDSL.
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A full service starts with the laying of the foundations, i.e. clear long-term goals and objectives. Once these have been set, you can move on to defining your strategy in the form of a sustainable journey plan.
- construct a portfolio;
- allocate your assets;
- select high-quality asset managers to implement your investment decisions (hiring and firing, negotiating fees and ensuring you get value for money);
- meet all the relevant regulatory and compliance requirements;
- doing all the compliance work you need to do to run your scheme;
- report and monitor.
As investors ourselves, we understand how critical it is to respond quickly to changes in market conditions.
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