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Pros & Cons of having Multiple Demat Accounts in India

Do you have more than one Demat accounts? Is it a good strategy or now? Find out all the major pros and cons related to having multiple Demat accounts in this post.

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Pros & Cons of having Multiple Demat Accounts in India

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  1. The best time to have multiple Demat Accounts is when the traders are willing to diversify their trading portfolio. At a time when everyone wants to have the best demat account in India, Traders could try various potentials and categorize all their stock holdings in diverse accounts for improved access and preparation! To embrace the benefits and offerings of various DPs as well, one can choose to have multiple accounts on the basis of his preferences. Thus, traders can scrutinize opening different Demat accounts without imperiling their uniform movement of investment or stocks. Being precise, educated, and aware of trading options is indispensable. And since the Demat Account opening process is web-based and free of cost, it is not much difficult to get a few. But before moving ahead with this concept, it is better to understand its pros and cons. Pros of opening multiple Demat accounts Multiple Demat Accounts is a good move when it comes to holding all the shares certificates. Traders with multi-faceted investments can allot a Demat Account to define each sort of investment. IPOs (Initial Public Offerings) and specific government securities are not readily available for every typical stock trader. A trader who has a varied and imposing trading portfolio is more probably to lead ahead of the traders who have just one. Multiple Demat Account process and upkeep gives an easy strategy-making process for traders. One can have a comprehensive yet refined look at all his investment assets without delving deep into documentation. After understanding the pluses of having multiple Demat Accounts, it is up to a person whether he wishes to stick to one DP for various accounts or he wants to embrace differences. With multiple accounts, there is a chance to yield the benefits of various service providers! If one prefers to open his Demat Account with a full-time service broker, he gets the service of getting a trading portfolio. This document has a much-improved implication in the trading landscape as it reproduces the investment decisions of a trader. Investors must always strive to come up with a diverse portfolio to cultivate long-term benefits. Cons of Opening Multiple Demat Accounts Demat Account opening charges are almost nill with the top 10 stockbrokers in India, but one needs to pay a nominal sum in the form of Account Maintenance Charge (AMC) and transaction costs for dematerializing the certificates. These charges may vary from one DP to the other and traders are requested to keep this in mind while making the decision. You can find another tips & suggestion from top 10 stock brokers in India.

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