Investing in the stock market can be exciting and rewarding, but it can also be time-consuming and costly if you use a broker.

What is a Demat Account, and how is it useful when investing in shares?

A demat account is an online account where you keep your shares. This account converts physical shares into an electronic format and can also be used for other securities such as bonds, mutual funds, IPOs, etc. A demat account can make your life easier if you want to invest in the stock market.

You can open a demat account online brokers without having to visit any office in person. All you need to do is contact a Depository Participant (DP). All demat accounts are backed by Central Depository Services India Ltd (CDSL) and National Securities Depository Ltd (NSDL)past performance and regulated by the Securities and Exchange Board of India (SEBI). So they are completely safe. Since a demat account keeps all your securities in one place, financial management becomes much easier for vanguard funds.

This single account can be used for various investment objectives such as mutual funds, bonds, exchange-traded funds, etc. You can also access account statements, rebalance your portfolio and make transactions from anywhere using your smartphone or laptop active traders