The Indian capital markets have witnessed numerous changes in the recent past. Historically stock market booms, like the current one, have always resulted in a number of problems for the lay investor. Sometimes, the problems may magnify themselves and threatens to engulf the entire capital market. A close introspection of these problems will reveal that most of them are due to intrinsic nature of paper based trading and settlement. . All this may have driven away many potential investors and Foreign Institutional Investors. De-materialisation of shares is looked upon as the remedy for the 'paper' based problems.
With effect from August 19, 1998 SEBI has granted certificate of registration to Central Depository Services (I) Ltd. (CDSL).
Yet even with de-mat, from the point of view of investors there are numerous problems. Here WalletWatch introduces you to setting up of a demat account and introduction of scrip less trading and settlement. There are numerous benefits of this scrip less trading and settlement, which WalletWatch has discussed in detail.
A number of questions will be arising in the investors mind like
- What is Demat ?
- What is Depository ?
- What is Depository Participant ?
- How to Dematerialize your shares ?
- How to sell the Dematerialized shares ?
WalletWatch takes you through all it's nuances and makes the common man understand the intricacies of this new and very useful feature of our equity markets..
