India has been seeing a record surge in investors and traders. Reports suggest there are almost 9 Cr demat accounts in the country, which are consistently increasing in leaps and bounds. This is clear evidence of the popularity of trading for which a demat account is a prerequisite. Think of it like a bank account. In a bank account you store your cash, and a demat account holds your securities like stocks, mutual funds, ETFs, bonds, etc. in a digital form. Along with it, you require a trading account that allows you to actually buy and sell securities. With dozens of financial institutions offering trading services, you need to carefully evaluate which one to open a demat account with.
If you are new to trading then here are some vital factors to consider before you open a demat account online.
The aforementioned checklist will help you identify the best demat account and online trading app. When you go through the factors one by one, you will notice that MO Investor Share Trading App by Motilal Oswal checks all the right boxes. Over 50 L Indians and numerous industry awards accolades and can vouch for this. Newcomers to trading will, especially, benefit from the personalised advice and readymade portfolio recommendations offered by Motilal Oswal. Apart from that, the insightful analytics and detailed stock analysis will help you hone your skills to become a seasoned and successful trader in the future. So, open a demat account online, now.
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