How demat account looks like?

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A demat account is an online account holding equity shares, ETFs, mutual funds, etc in electronic format.

An individual can open a demat account with any Depository Participant (DP) who is a member of either CDSL or NSDL depository participants. Usually, all stockbrokers are DP's. They offer demat account along with the trading account.

The sample statement of a customer Demat Account at CDSL looks like as below. It shows a customer has shares of 2 companies in his demat account; FDC Limited (900 shares) and L&T Finance Holdings limited (500 shares).

Topic: Where to open a demat account? Article

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What Demat Account means?
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