DematAccount
Definition
An electronic account that holds securities (shares, bonds, ETFs, etc.) in dematerialised (digital) form. A demat account is mandatory for trading in the stock market and for holding PMS investments. It is maintained by depositories like NSDL and CDSL through depository participants.
Example
When you buy shares of a company, they are credited to your demat account electronically, eliminating the need for physical share certificates.
Acornia Investment Services Pvt Ltd (ARN: 192746) is an AMFI Registered Mutual Fund Distributor & SIF Distributor. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Investments in Specialized Investment Fund involves relatively higher risk including potential loss of capital, liquidity risk and market volatility. Please read all investment strategy related documents carefully before making the investment decision. The information on this website is for general informational and educational purposes only and does not constitute financial advice or a recommendation.