In recent years, many young Indians have been choosing to start investments with stocks, mutual funds, and ETFs as they seek to build wealth and secure their financial futures through diversified portfolios.
In contrast to previous decades, when fixed deposits were the favored investment avenue, recent years have seen a shift in trends. Investors now recognise the significance of stock investing and appreciate the benefits of equities.
Additionally, initiatives from the Indian government, such as implementing tax-saving schemes, have further encouraged many Indians to take an interest in investing in stocks.
Also Read: How to invest in ETFs? A step-by-step guide: Demat Accounts: How to invest in ETFs? A step-by-step guide
Investing in these different asset classes has become very easy with just one account called a demat account. This account enables investors to diversify their investments into stocks, mutual funds, and ETFs seamlessly.
Moreover, investors can also use this account for trading purposes to hedge against potential capital losses or to engage in intraday trading to take advantage of market volatility.
Moreover, in today's financial landscape, a demat account provides various additional advantages. However, to fully leverage the benefits of demat accounts, new investors must select the appropriate depository participant or stockbroker.
This entity will serve as investors' primary partner, guiding and facilitating all their trading and investment activities, thereby playing a crucial role throughout their journey in the financial markets.
Also Read: Demat Account: How to create long-term wealth? Follow these 6 key steps
In addition to choosing the right depository participant (DP), there are other factors
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