STEP 1 : PAN Card
It is mandatory to have a PAN card (since Jan 2007) before you start investing. You can apply for a PAN Card online and get it within a week. Even a new born baby is eligible for a PAN Card!
STEP 2: Bank account with a cheque book
Deposits/Withdrawals will be directly made from here. Also your passbook can serve as your address proof for STEP 3.
STEP 3: De-mat (dematerialised) Account
You can open this with any broking house. Your account will be with NSDL/CDSL which are stock depositories. Demat account is to avoid holding paper-based physical stocks.
STEP 4: Trading Account
You can open this with any broking house. It is a list of stocks you hold. You can have more than one trading account.
These four steps are necessary to trade in the equity(stocks) market. To start investing in Mutual Funds, you can stop at Step 2.
A broking house is a phone call away. FYI: I have accounts with the following broking houses
Shreyas - SSK Enterprises, +91-44-43585640/41/42
Kotak - DivyaSwaroopa, +91-98840 48960
It is mandatory to have a PAN card (since Jan 2007) before you start investing. You can apply for a PAN Card online and get it within a week. Even a new born baby is eligible for a PAN Card!
STEP 2: Bank account with a cheque book
Deposits/Withdrawals will be directly made from here. Also your passbook can serve as your address proof for STEP 3.
STEP 3: De-mat (dematerialised) Account
You can open this with any broking house. Your account will be with NSDL/CDSL which are stock depositories. Demat account is to avoid holding paper-based physical stocks.
STEP 4: Trading Account
You can open this with any broking house. It is a list of stocks you hold. You can have more than one trading account.
These four steps are necessary to trade in the equity(stocks) market. To start investing in Mutual Funds, you can stop at Step 2.
A broking house is a phone call away. FYI: I have accounts with the following broking houses
Shreyas - SSK Enterprises, +91-44-43585640/41/42
Kotak - DivyaSwaroopa, +91-98840 48960
2 comments:
November 14, 2007 at 9:01 PM
I took your advice and got screwed!!! Wtf? I'm going to sue you...where do you live???
November 14, 2007 at 9:07 PM
who's this idiot who's spamming you? don't take this to heart DhanyA - I think this is a damn great site yaar!!!
btw should I buy into Kotak Dynamic Asset Allocation Scheme MF??
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