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rARREN BUFFET
m Demat refers to a dematerialized account. Just as you have to
open an account with a bank if you want to save your money,
make cheque payments etc, you need to open a demat account
if you want to buy or sell stocks. So it is just like a bank account
where actual money is replaced by shares.

m your portfolio of shares looks like this: 40 of Infosys, 25 of

ripro, 45 of HLL and 100 of ACC. All these will show in your
demat account. So you don't have to possess any physical
certificates showing that you own these shares. They are all
held electronically in your account
Providing the bank account details at the time of account opening.

Change in bank account details.

Change in the address of investor as provided to the DP

Opening multiple accounts.

Minimum balance of securities required in demat account.

Account opening and ownership pattern of securities.

CONTINUE͙͙
Same combination of names on certificates but different sequence of names on the certificates
or demat account.

Holding a joint account on "Either or Survivor" basis like a bank account.

Allowing somebody else to operate your Demat account.

Addition/deletion of the names of the account holders after opening the account.

Closing a demat account and transfer of securities to another account with same or different
DP.

Freezing/Locking a demat account.

Dematerialised shares do not have any distinctive number

 REQUIRED DOCUMENT

g A cancelled check, preferably MICR

g Proof of Identification

g Proof of Address

g Proof of PAN card (mandatory)

g Recent photographs, one and/or more

m A safe and convenient way to hold securities;

m Immediate transfer of securities

m Reduction in paperwork involved in transfer of securities

m Reduction in transaction cost

m Transmission of securities is done by DP eliminating correspondence with

companies

m Holding investments in equity and debt instruments in a single account.

m No stamp duty on transfer of securities

F mAccount-opening fee
Depending on the DP, there may or may not be an
E opening account fee. Private banks, such as ICICI Bank, HDFC Bank
E and UTI Bank, do not have one. However, players such as Karvy
Consultants and the State Bank of India do so. But most players
S levy this when you re-open a demat account, though the Stock
Holding Corporation offers a lifetime account opening fee, which
allows you to hold on to your demat account over a long period.
I This fee is refundable.

N
V mCustodian fee
O This fee is charged monthly and depends on the number
of securities (international securities identification numbers Ͷ
L ISIN) held in the account. It generally ranges between Rs 0.5 to Rs
V 1 per ISIN per month. DPs will not charge custody fee for ISIN on
which the companies have paid one-time custody charges to the
E depository.
D
F m Annual maintenance fee
E This is also known as folio maintenance
charges, and is generally levied in advance.
E
S
m Custodian fee
I This fee is charged monthly and depends on the
N number of securities (international securities
V identification numbers Ͷ ISIN) held in the account. It
generally ranges between Rs 0.5 to Rs 1 per ISIN per
O month. DPs will not charge custody fee for ISIN on
L which the companies have paid one-time custody
V charges to the depository.

E
D
F
E
E m Transaction fee
S The transaction fee is charged for
crediting/debiting securities to and from the account
on a monthly basis. Some DPs charge only for debiting
I the securities while others charge for both. The DPs
N also charge if your instruction to buy/sell fails or is
rejected. In addition, service tax is also charged by the
V DPs. The fee also differs based on the kind of
O transaction (buying or selling
L
V
E
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Varket timing is an investing strategy in which the
investor tries to identify the best times to be in the market and when to get out.
People who use the buy and hold strategy usually buy stocks or shares from
companies they respect and love, companies that have a proven track of success
and are here to stay
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If you are looking for "reasons" that stocks or markets make large directional
moves, you will probably never know for certain.

Stock markets generally move in advance of news or supportive fundamentals

The trend is your friend. Since the trend is the basis of all profit, we need long
term trends to make sizeable money.

You must let your profits run and cut your losses quickly if you are to have any
chance of being successful.
The Efficient Market Hypothesis is fallacious and is actually a derivative of the
perfect competition model of capitalism.

Successful market timing is possible but not with the tools of analysis that
most people employ

Never trust the advice and/or ideas of trading software vendors. Note those
that have traded successfully over very long periods of time are very few in
number.

The worst thing an investor can do is take a large loss on their position or
portfolio. Market timing can help avert this much too common experience.

The most successful investing methods should take most individuals no more
than four or five hours per week
SELECTION OF BROKER