Demat Account: How to create long-term wealth? Follow these 6 key steps

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demat accounts as their go-to tool for diversifying their investment portfolios with stocks. This trend is especially evident among millennials, who are showing a growing interest in participating in the stock market. Several factors contribute to this trend.

Firstly, the proliferation of mobile trading platforms has made trading more accessible and user-friendly. Additionally, easy access to financial information has empowered investors to conduct thorough research on listed companies. Moreover, regulatory efforts aimed at promoting stock market awareness, combined with a growing willingness among young Indians to take investment risks, are further fueling this shift in investor behavior.

Also Read: Demat Account: What is a depository and what is its role? As a result, there has been a significant surge in demat account openings. According to recent data from the Central Depository Services Limited (CDSL), the number of demat accounts is nearing a milestone of 11 crore. Yet, a significant portion of retail investors who open demat accounts tend to focus on trading activities, as indicated by a substantial surge in options trading volume.

There appears to be limited enthusiasm among investors for holding onto stocks for the long term and reaping the benefits of various investment strategies. In this article, we'll explain how investors can leverage a demat account for long-term investing and reap the benefits of various strategies by making informed investment decisions. Also Read: Demat Accounts: How does dematerialisation benefit investors? MintGenie explains Long-term investing in the stock market is a strategy where investors commit their funds to securities with the intention of holding onto them for an extended