What is a demat account- how does it benefit me?

A demat account helps investors hold shares and securities in an electronic format. This kind of account is also called a dematerilised account.It also help to keep proper track to keep all investments an individual makes  in shares , exchange traded funds, bonds, mutual funds in one place.

The ability to exchange shares of publicly traded firms makes the Demat account a practical choice for stock market investing. Anyone can use it to buy the stock at a nearby depository for cash. Additionally, it provides consumers the discretion to decide how to invest their money. Investors can sell their shares whenever they want without worrying about market volatility. They can transfer shares directly to another person using this account without involving a middleman. Fee savings will benefit investors. Investors will save money and receive a larger return thanks to the benefit of opening a Demat account.