shashu_1107
KF Rookie
Is Demat account and identity type? Provided by government? After I got one, where can I do the trading and investment, is there any government website for this?
Where to invest after Demat account is ready?
- Thread starter shashu_1107
- Start date
17ysaurabh
KF Mentor
hi @shashu_1107
You can use any app like Groww or INDMoney to invest in stocks or mutual funds.
They even create a Demat account for you.
You can use any app like Groww or INDMoney to invest in stocks or mutual funds.
They even create a Demat account for you.
Skylar
KF Master
consider the following scenario: You need to send money to someone using UPI. To do so, you’ll require a UPI app such as Gpay, PhonePe, Paytm, or a bank’s UPI app. Additionally, using a UPI app necessitates having a bank account, which ensures the safety of your funds.
Similarly, to buy and sell stocks, you need to create a Demat account with a Depository Participant (NSDL/CSDL). Your shares are held by these depositories. Even if your broker’s company were to close, your shares would remain secure with these depositaries.
Zerodha, Upstox, and similar platforms facilitate the buying and selling of stocks, which are then held in a depository.
