Want to start trading and keep a consolidated portfolio of your shares, stock market, and mutual funds alongside other securities? Then you need a Demat account. A Demat account is more like a savings account that helps you hold your financial securities in a smart and electronic manner. In today’s post, we are going to show you how you can open a free Demat account using free AMC using no annual charges at all. So without further ado, let’s just get straight into it!
Table of Contents
What is a Demat account?
A dematerialized account or Demat account is opened by traders and investors to keep a track of their shares and securities digitally. It is the same as a bank account. In that way, you won’t have to purchase stocks or shares because they will be directly credited into your account. And once you have sold them, they will also be easily debited from the account. Keeping stocks and mutual funds in Demat accounts is a huge benefit as it allows you low costs, higher security, and easy trades.
What is an AMC Demat account?
Several brokers like our MO Investor App offer you AMC Demat account. Here you won’t be charged anything to open demat account & maintaining it. But a few conditions may apply if you are keen on paying no charges at all.
How do you open a free Demat account with free AMC?
Starting a new Demat account is actually an easy process as it takes lesser than five minutes. All you need to do is visit your stockbroker’s office. Several offices offer you three facilities: trading, Demat and savings. There are several websites and stockbrokers that you can get from. From Motilal Oswal to angel one to axis bank and Ventura, the options are actually plenty. So, make sure to use them.
What documents do you need to start your account?
Starting a new Demat account is not tough at all. However, if you want to reduce the possibilities of scams or bad experiences, you need to upload important documents and details and ensure the KYC process is complete. Some of the documents that you need to submit in order to start a Demat account include identity proof, address proof, copy of PAN card, etc.
Can you open a free Demat account without a pan card?
Starting your own Demat account without a pan card is impossible as a pan card is considered to be an OVD as per the norms provided by SEBI. Investors will gave to produce the original card along with a self-attested copy including the pan card. If you are a joint holder, then every investor holding the account has to submit their pan card as well.
Conclusion
Starting a new Demat account online is possible with no extra charges. If you do the same with us, we will assure you of a hassle-free experience. You also won’t have to pay expensive brokerage charges and your account will be safe and sound with us.
