How to track your investments using a Demat account?

a Demat account

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Tracking your investments is an essential aspect of investing. It is crucial to keep track of your investments to monitor their performance and make informed decisions about buying or selling them. With the advent of digital platforms, tracking investments has become easier than ever. One of the most popular platforms for investment tracking is the Demat account.

This article will discuss how to track your investments using a Demat account.

A Demat account, or a dematerialized account, is a digital platform that holds your securities in electronic format. It is a safe and convenient way to hold and track your investments. You can use a Demat account to invest in stocks, bonds, mutual funds, exchange-traded funds (ETFs), and other securities while opting to know best trading app in India.

The first step to tracking your investments through a Demat account is to open an account with a depository participant (DP). A DP is a registered agent of the depository that holds your securities. There are two depositories in India – National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). You can choose a DP of your choice to open a Demat account. Once you have opened a Demat account, you can start tracking your investments. The following are the steps to track your investments using a Demat account:

Login to your Demat account: To track your investments, you need to log in to your Demat account using your credentials.

View your portfolio: After logging in, you can view your portfolio. Your portfolio will show the securities you have invested in along with their current market value. In addition, you can see the number of securities you hold, the average purchase price, and the total value of your holdings.

View your transaction history: You can also view your transaction history in your Demat account. The transaction history will show all your transactions in your account, such as purchases, sales, and transfers. You can view the date of the transaction, the number of securities, the purchase price or sale price, and the transaction value while going through Buying Stocks today.

View your account statement: You can generate an account statement in your Demat account. The account statement will show your account’s transactions and holdings for a particular period. You can use the account statement to reconcile your holdings and transactions with your bank statement.

Set price alerts: Many Demat accounts offer the option to set price alerts. You can set alerts for your securities to notify you when the price reaches a certain level. Price alerts can help you make timely decisions to buy or sell your securities.

Track your dividends and corporate actions: Your Demat account will also show the dividends and corporate actions of the securities you hold. In addition, you can view the dividend history and the dates of upcoming corporate actions. You can use this information to make informed decisions about holding or selling your securities while checking how to open a trading account.

In conclusion, a Demat account is a powerful tool for tracking your investments. It provides you with all the information you need to monitor your investments and make informed decisions. Following the above steps, you can easily track your investments using a Demat account. It is essential to keep track of your investments regularly to ensure that your portfolio is aligned with your investment goals while checking the question of how to open a trading account.

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