What is a Trade Smart Online Demat account?

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A demat account is an online depository wherein securities like shares, mutual funds etc., are held in the electronic form. It works like a bank account wherein a unique number is assigned to you. Every time you buy shares or mutual funds, the securities are credited to your account and it gets debited on selling.

The Demat accounts are managed by national depositories- NSDL and CDSL- and the brokerage companies only act as an intermediary between the depositories and the customers.



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