Can you link multiple trading accounts to your demat account? MintGenie answers

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Entering the realm of stock investing directly necessitates opening a 'demat' account. Functioning akin to a bank account, the demat account serves as a digital repository specifically for holding securities.

By just opening a demat account, you gain access to trading various instruments like stocks, bonds, derivatives, currencies, and commodities. The other benefit is that you can also take part in IPO (initial public offering) bidding, receive dividends, and obtain bonus shares directly into your account.

Besides the demat account, there is another account known as a ‘trading account’. Although trading and investing are closely related, there's a subtle distinction between the two.

Trading involves frequent buying and selling of shares with the aim of profiting from short-term stock price fluctuations. On the other hand, investing entails purchasing company shares with the intention of becoming a shareholder, participating in the company's growth, and potentially earning capital gains through stock appreciation and dividends if the company distributes dividends.

Also Read: Demat: How does share transfer work in case account holder passes away?

For example, if you purchase a share and sell it for a profit within a short time frame, it's considered trading. However, if you hold onto the share for a longer period, it's categorised as investing. The demat account serves as the storage space for these shares. 

In India, NSDL (National Securities Depository Limited) and CDSL (Central Depositories Services India Ltd) are the two depository services that offer demat accounts, serving as custodians responsible for safeguarding shares stored in demat accounts. 

Depository participants (DPs), or stockbrokers, act as