Thursday, November 11, 2010

: Power Grid Corporation FPO closes today. Price Band Rs. 85 to Rs. 90. To apply,

: Power Grid Corporation FPO closes today. Price Band Rs. 85 to Rs. 90. To apply, Contact

Saturday, August 14, 2010

Open Your Demate trading account

What is a DeMAT or Dmat account ?

A DMAT or DEMAT account is an account which you need for buying or selling shares of a company or stocks and other equities (like exchange traded funds - Liquid Bees, gold etfs etc.). Just as bank accounts hold money, demat accounts hold equities. Demat stands for Dematerialisation. Earlier investors used to hold shares in paper format, Nowadays they are stored electronically in your Demat account. You cannot put money in demat account, only equities.

How to open a Demat account ?

Documents required to open a Demat account may include (i) copy of PAN card (ii) valid identification and address proof. (iii) Bank details (for e.g. photocopy of your bank account passbook). (iv) Copies of your recent photograph.
A DP (or a Depository Participant) is an institution or agent which offers the service of demat account.
the required documents to open a Demat account.Comparison of Demat account charges:

Discover the power of Dmat+Online trading account:

It is highly recommended that you also open a online trading account (if possible) when you open a Dmat account. Here is a list of things that you can do with a few clicks once you have a Dmat account and an online trading account linked to it.
Buy shares and stocks of any company on BSE and NSE.
Invest in Mutual funds online (no paper work !) (as such to simply buy mutual funds you do not need a demat account)
Invest in Gold through Gold ETFs.
Apply for IPOs (Initial Public Offer) online.
Trade in Futures and Options (these are not recommended for beginners)
Invest in Liquid BeEs (Liquid ETF) - this is "like making" a quick short term fixed deposit.