1. Why Open a Demat Account With Motilal Oswal?
2. Steps to Open a Demat Account with Motilal Oswal
2.1. Step 1
2.2. Step 2
2.3. Step 3
2.4. Step 4
3. Documentations Essential to Open a Demat Account
4. Summary for Opening an Online Demat Account
The stock market is complicated! From listing shares of a new company for IPO to happening of any natural calamities in the world, multiple factors drive a company's stock price.
Hence, understanding how the market functions and other factors influencing stock prices is crucial to forming an investment strategy. Moreover, while designing a portfolio, an investor needs to carefully mitigate the risks and craft opening and exit trading strategies to optimise maximum profits from their investments.
One needs an expert to lead them for a successful wealth creation- which indeed is what Motilal Oswal is renowned for!
Motilal Oswal, another name for the Indian Stock Market, has 30+ years of experience in the stock market. Today, Motilal Oswal is a technologically advanced full-service broker providing advice to customers based on a strong research team. Six times, it has been awarded Best Performing National Financial Advisor - Equity Broker' by the UTI-CNBC TV18 Financial Advisor Awards.
According to the sources, as of 12th June 2020, more than four lakhs of investors have opened their accounts with Motilal Oswal. The company provides a range of investment products and services, including- equity, commodity, currency, derivatives, mutual funds, IPOs, fixed income products, gold, and insurance. Today, it has a presence across over 500 cities.
In Motilal Oswal, opening a Demat account summaries three crucial steps:
While visiting the Demat account page of Motilal Oswal, we are asked to enter our 'Full Name' and 'Phone Number.'
After entering your mobile number, one will receive a four-digit one-time password (OTP) for verification purposes.
Onwards, you need to enter your email id and complete the verification process.
Here, you need to fill up all your personal details. It will help them attain specific information about you and your professional life and suggest good investment opportunities in the future.
Now, you need to upload all your credential information, including your pan number, aadhar number, bank details, and signature. Along with entering these details, you need to upload its images. We recommend you upload original pictures of documents, as photocopies might not be considered for the verification process.
After you fill up the application form online and upload the needed documents (KYC), your account goes for verification with NSDL. If all your records are clear and sound, your account will get activated within 15 minutes! Immediately, you can start trading.
After Motilal Oswal opens your Demat account, you are provided with a unique Demat account number. This number is known as BO ID, an acronym for Beneficial Owner Identification Number. After that, all your investments are credited to your Demat account. In case you sell the investments, your Demat account is debited.
Following are the documents needed to open a demat account with Motilal Oswal:
Think Equity, Think Motilal Oswal; the tagline that touched millions of Indian investors worldwide.
To open a free online demat account with Motilal Oswal, follow the following steps:
Motilal Oswal provides the best research-based advisory services to all the traders and investors in India. Renowned for its customer-centric services, the company has a dedicated customer care team to assist new investors with trading solutions.
In a nutshell, if you have a demat account with Motilal Oswal, you can attain a successful trading journey in the long run.
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