Formalities for investing?

Question

I m jst a +2 passed out studyin economics having my little savings with me,, want to invest them in shares.. plz let me knw wat r the formalities that r to b fulfilled b4 investing,, wats DEMAT ac, with whom to open that, what can b the charges etc,, i l b really thankful to u.,,.

Answer 1

demat account is account where the shares are debited or credited in DEMATERIALIZED form, similar to a bank deposite a/c. where we deposite money.

Demat a/c. is to be opened with any depository

For that a PAN card is must.

U will have to open a trading account with any member of an exchange u wish to trade into.

U can open your demat a/c. with the broker as well

I guess being 18 is a must coz. u need to give some sort of declaration or some binding contract, for which u need to be 18. Not sure on this age aspect.

My personal opinion.............. do not go for active trading all by yourself at this age. Go for indirect investment.