Do I need a demat account for SIP?
An SIP is the most convenient and efficient way to invest in a mutual fund.
SIP is an acronym for Systematic Investment Plan.
You do not need a demat account unless you buy the fund from the stock exchange via a broker..
Can I buy mutual funds directly?
The most obvious option is to buy mutual funds directly through the investment companies that offer and manage them.
How can I buy mutual funds online without brokerage?
One can invest in mutual funds through online and offline mode. The popular modes of investing in mutual funds are demat and trading account, through a bank, online portals like Upwardly, independent financial advisors and directly with the AMC.
What is the minimum amount to open demat account?
Generally, there are no charges for a basic demat account that has a balance up to INR 50,000. Accounts that have balance ranging between INR 50,000 to INR 2 lakh will have to pay an annual maintenance charge between INR 100 and INR 750. It also depends on the number of transactions you make.
Can I buy shares with demat account?
Do you require only a demat account to buy shares in the market? The answer is that you will also require a trading account to buy shares in the market. A demat account is a repository of your shares. You cannot transact on your demat account.
Can I invest without demat account?
If yes, then no, you cannot buy shares without a demat account. However, if you are looking to enter and exit your position within the same day or in other words, you are looking to perform intraday trading, then there is a possibility.