As per the Interim Budget announcement in 2014 to create one record for all financial assets of every individual SEBI had been a big discussion with the Depositories, Registrar and Transfer Agents (RTA) and the Association of Mutual Funds in India (AMFI) to implement the above concept for financial assets in respect of securities market. It had been decided to enable a single … [Read more...]
Demat Account
Demat Account or dematerialized account is an account where securities are held in electronic form. In the Demat account, investors can hold all certificates of financial instruments such as Stocks, Mutual Funds, Bonds, etc. in one single account. A Demat account makes the transactions between securities easier and speedier then physical forms or paper forms. It is less risky … [Read more...]