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Importance of Demat account for Share market

What you should know about Demat account before opening

I am a fresher and have just joined an organization. I was thinking of investing some of my savings in equity stocks as i have heard that they give highest return as compared to other investments. Moreover i need to have investments in more than one stock to hedge my portfolio as equity investments are risky in nature. But it’s really tiring to own these stocks physically.

Comparison of Demat and Remat

Then I came to your blog which says we can keep the stocks in dematerialized form. The opening of Demat account is a hassle free procedure. We do not need to hold the securities in physical form anymore. We can keep our securities either with NDSL or CDSL. We can not only maintain our holdings in an electronic form, but also settle our trades in electronic shares. We will get a unique identification number after getting Demat account. Now after having Demat account, the companies will be able to identify us and hence deposit the shares in our account. We can also rematerialize our shares which mean conversation from electronic form into physical form. There is no limit to holding of minimum number of shares to be maintained. But we have to pay some charges in order to avail the services of depositories.

Demat Documents

The document includes identity proof such as PAN Card, Voter’s ID, drivers’ license, passport, IT returns, Bank attestation, telephone or electricity bills or the ID cards with the photo of the applicant and address proof such as the Ration card, passport, Voter ID card, bank statement, telephone or electricity bills. However one must bring the required documents in original at the time of verification.

Does Demat account have charges?

We have to pay annual fees and provide documents which are required before the opening of the Demat account. A Demat account holds all the investments you makes in any company’s shares, government securities, exchange traded funds, bonds mutual funds at one place. The charges vary as per the volume held in the account and the terms and conditions prescribed by the depository and the stock broker. Read More Blogs

#demat account #demat #share trading #trade #commodities

A guide to Medical insurance/mediclaim policy which will make you think of buying for loved one even if having health cover. Read more

Medical insurance is commonly termed as mediclaim among us in India. It, in general, provides financial cover for treatment arising out of any sudden medical conditions, diseases, and accidents, if covered. Further, no one will deny that securing financial losses due to any kind of illness, is need of the hour. This is primarily due to the rising cost of treatment on one side and lack of proper treatment facilities at government hospitals on the other side.

#mediclaim policy #mediclaim #medical insurance

ULIP & mutual funds with term insurance are 2 options of investment along with insurance are available in India. Read which one is for you

ULIP is an investment option available to an investor who also needs insurance coverage. In the midst of confusing options, an amateur investor finds himself stuck. He doesn’t understand which investment opportunity he should explore to get the best benefits. Take the instance of mutual funds and insurance .

#ulip #mutual fund #term insurance

5 Things You must know about latest measures Change in NPS like Indian Citizens can open NPS account above 18 years and before 65 years of age etc.

The age limit for joining the National Pension System has been raised to 65 Years, earlier it was 60 years,

The Government has made some changes in NPS (National Pension System) Guidelines regarding age limit, who can be the member of NPS or NPS account holder and fund withdrawal guidelines. Here in this article Money Dial is telling 5 must know things about NPS, being an account holder everyone must know them and are very useful for non-account holders as well, so read the complete article carefully.

#retirement #national pension system #fixed income

A Seven step Guide to Mutual Fund SIPs like Why should one invest in SIP, Effect of power of Compounding, Can someone customize the SIP etc.

Now a day’s SIP is a very popular investment tool amongst retailers. Retail investors participated enthusiastically and have been investing huge amount into Mutual fundsthrough SIPs. But still, many investors are often confused about SIPs.

#sip

Points you must keep in mind while buying Term Insurance Plan like Buy Term insurance plan at your early age, Don’t hide your health information etc.

Are you planning to buy a term plan in near future, so then this article is for you. In this article, Money Dial is sharing some important and critical points that you should know before going to buy the cover.

#term plan #premium #retirement planning

10 points about Income Tax rules on Mutual Fund gains like If someone holds the gains from equity mutual funds less than 12 months, it is considered as short-term capital gain. Short-term capital gain tax is applicable at 15% from equity funds.

This year ‘The Asset under the management of Indian Mutual Fund Industry’ touched its high record of Rs. 20 Lakh crore. This time Retail investors participated enthusiastically. They have been invested a huge amount into Mutual funds through SIPs (Systematic Investment Plan) in this year.

#tax saving #long term capital #mf

Partial withdrawal is permissible every year from the 7th financial year from the year of opening account.100 is the minimum needed amount to open a PPF account.

PPF or Public Provident Fund is one of the popular small savings schemes. Investors in PPFcurrently get an interest rate of 7.8%. The interest rate on PPF and other small savings schemes are benchmarked to yields on Government Bonds. In terms of tax implication, PPF enjoys EEE (exempt exempt exempt) status and maturity proceeds tax-free.

#tax free #public provident fund

10 things you must know about Soiled Currency to avoid Money loss like Definition of Soiled Notes, what is the Exchange Policy,Mutilated Notes etc.

Although we have moved to the digital transaction but cash payment is still an inevitable part of our lives. Many of us make payments and receive cash at many places. So it is very important for you to know how and where currency ceases to become legal tender.

#rbi #bank #note

Features of Post Office Monthly Income Scheme (POMIS) are like the maturity term for MIS is 5 years,5% rate of interest per annum, Absolutely risk-free etc.

Are you looking for an Investment option which is safe and secure and also earn substantial returns? Which is not linked to stock market and absolutely risk-free as well? Then you must think about investing in a Post Office Monthly Income Scheme (POMIS).

#post office #passport #income

Today Government has given its thumbs-up to the Reserve Bank to issue Rs. 200 notes. The Central Board of Directors of RBI also specifies that the new Rs. 200 notes are likely to be in circulation shortly.

#rbi #reserve bank of india #rs200note

Bharat 22 is an ETF. A new ETF of 22 companies, including Central Public Sector Enterprises, Government Banks and some holdings of the government’s investment arm SUUTI.

The Government has launched Bharat-22. It is a new ETF of 22 companies, which includes Central Public Sector Enterprises, Government Banks and some holdings of the government’s investment arm SUUTI. In the article, we take a look what is Bharat-22 and how it is different from the existing CPSE ETF.

#sbi #bank #icici

The laws regarding compulsory quoting of Aadhaar and linking to PAN only apply if you are a resident as per Aadhaar Act. The budget presented in February this year made amendments in law wide Section 139AA in the Income Tax Act.

Find out whether you are eligible to apply for Aadhaar is very important because it will determine whether or not you have to compulsorily quote it for filing your tax return, applying for Pan and for multiple other financial transactions where it has been made mandatory by law.

#income tax #Aadhaar Card

GST has finally implemented in India from 1st July 2017. Many businesses in India will need to file 37 GST returns every year in order to maintain the GST compliance.

GST has finally implemented in India from 1st July 2017. Many businesses in India will need to file 37 GST returns every year in order to maintain the GST compliance. In this Article, Money Dial is sharing the list of returns to be filed by various types of businesses under GST along with GST return due dates.

#Direct Tax #return #tax-payer

Bonds are debt securities. These bonds can be issued by Public as well as Private corporations. Bond is a debt instrument, it is issued for a fix time period.

#tax saving #maturity #interest rate

To file ITR online first login to the official website of IT department then do the login, if salaried then select Form-1,enter your all income details etc.

Filing ITR has been started last month, and now you are also preparing to file your ITR. Do you know you can also file your ITR without any help of Chartered Accountant (CA) sitting at your home. If your annual income is more than Rs. 5 Lakh then you will have to file your ITR online only.

#pan card #incometax #income

Cochin Shipyard Ltd is planning to launch an IPO (Initial Public Offering). The tentative size of the IPO is 33,984,000 EQUITY SHARES. Cochin Shipyard Ltd IPO might open on 26 July, 2017 and close on 28 July, 2017.

Cochin Shipyard Ltd is planning to launch an IPO (Initial Public Offering). The tentative size of the IPO is 33,984,000 EQUITY SHARES. Cochin Shipyard Ltd IPO might open on 26 July, 2017 and close on 28 July 2017.

#upcomming ipo #IPO Calender

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