Having multiple demat accounts beneficial?

Having multiple demat accounts beneficial?

Yes, it can be. You can apply for IPO two times. You can also keep your stocks separate and run both portfolios according to your need, time horizon and risk appetite. You can open a free Demat account with us.

The Demat account is a safe locker of your securities in an electronic format. The Demat account provides the investors with a very simplified yet effective way of holding their securities. Hence, investors can open more than one Demat account to fulfill their requirements. Different financial institutions provide various kinds of services and come up with a variety of offerings. The investors can benefit a lot with multiple accounts. You can use the services of different institutions to cater to your various needs. The offerings of different institutions may best suit specific investment purposes. As they may not be providing all of the services, having multiple Demat accounts can be advantageous. One can still opt for Demat accounts offered by institutions like IIFL Securities, which have a wide range of facilities catering to most of your needs.

Further, you can access the perspectives of multiple research teams. The advice of many experienced experts is good for making the best investments. Some investors invest in numerous kinds of assets. They can use different accounts for separating these investments based on their categories. One can segregate the assets for short-term trading and long-term investments. Going ahead, you can widen your portfolio also using multiple accounts. The investors should note that multiple Demat may make them liable to more charges. Also, if an account remains inactive for a long period the institution may freeze it.