A Demat account is a necessity when it comes to trading in the Stock Market. One needs to Open a Demat account to store Securities in Dematerialized form.
Following are the Securities to store in a Demat account.
- Mutual Funds
- Government Bonds
- Sovereign Gold Bond
- Exchange Traded Funds (ETFs)
- Preference Shares
- Treasury bills
- Commercial Papers
- Certificates of Deposits
- Capitals Gains & Tax-Free Bonds
You can also convert any Physical share certificates into Dematerialized form and store them in your Demat account. Opening a Demat account has become easier with the availability of the Internet and online trading apps. You can complete the whole process of opening a Demat account online within a very short period. There are various online trading apps available in India to choose from based on your preference. Stockbroking firms provide online trading apps, they can be Discount or full-service stock brokers. Making the right choice can be confusing at a time due to various features each broker offers.
IIFL Securities is a full- service broker in India who provides an easy to use mobile application called IIFL Markets app. The app provides various facilities apart from just helping to make trades and investment but also helps to open Demat account online. It allows you to invest not only in Stocks but also in IPOs, Mutual funds, ETFs, etc. It lets you open a Demat account with the help of their IIFL Markets app for free. With the help of this app, you can easily it in a hassle-free process.
Your Demat account is seamlessly linked with your bank account and Trading account, providing a hassle free trading experience.
With the help of the IIFL Markets app, you can open a Demat account online in just three simple steps:
- Fill Basic form
Fill out a Demat opening form that is provided by IIFL Securities in the app. They will ask for your basic details and other required information about you.
To apply for KYC, you will have to submit Proof of identity, Proof of address, Proof of income, and Proof of bank account along with your PAN card. You can be a KYC-complaint at the comfort of your home.
After the successful verification, you will get credentials to open your Demat account.
On IIFL Securities, a Demat Account Annual Maintenance Charge (AMC) for the first year is zero.
IIFL Markets app provides Smart tools like Strategy builder, Algo trading, Advanced screeners, etc. which can help you to help your trading and investment decisions. It also provides in-depth research and analytical reports along with charts to help you with better trades and investments. IIFL Securities also provides portfolio management services based on your needs and risk appetite.