Open Free Online Demat Account with m.Stock

Opening a m.Stock Demat account is a simple, hassle-free process that takes less than 5 minutes. To open m.Stock Demat account:

• Download m.Stock mobile app from Appstore or Play store. You can also visit www.mstock.com
• Click on ‘Open an Account’ button
• Enter your mobile number and submit
• Verify your mobile number with OTP
• Enter and verify your email id with OTP
• Enter your PAN and Date of Birth
• Select your preferred brokerage plan and make the payment.
• In the next step, you have to upload your selfie and signature.
• Once this is done, add your preferred bank account and verify the same.
• Now fill in your personal details like name, trading experience, nominee details etc.
• If you trade or are planning to trade in Derivatives segment (F&O) then you will have to activate derivatives segment and upload any one proof like 6-month bank statement, salary slip, ITR acknowledgement slip, form 16 etc.
• Then comes the eSign stage. Once your signature is successfully uploaded, your account opening process is complete! You can now reap the benefits of zero brokerage for life!

Demat account charges vary among different brokers. At m.Stock, for example, you have the option to make a one-time payment @ Rs. 999 post which you will not be charged any Annual Maintenance Charges (AMC) and you can conduct unlimited trades without paying any brokerage for life.

A Depository Participant is simply an intermediary or entity through which you can invest in market securities. DPs serve as a link between the two primary depositories in India - The National Securities Depository Limited (NSDL) and the Central Depository Services Limited (CDSL) and the account holder. Banks, Brokerage Houses, and other financial institutions registered with the Securities and Exchange Board of India (SEBI) serve as DPs in India.

Checking account balance in your m.Stock account is a fairly straightforward process. There are two ways to go about it.

For summary: Login to your m.Stock account. On the home screen, your total assets, equity, and cash balance will be displayed. In case of a negative cash balance, you can add funds to ensure an uninterrupted trading experience.

For detailed view: After logging in, access ‘reports’ section under the menu option. Here, you can check your ‘Funds Summary’, Ledger, eMargin Ledger and other reports. In the ‘Funds Summary’ report, you will find detailed information on your account balance.

When you sell shares, the sale proceeds are received in your trading account, not Demat account. This trading account is linked to your bank account. So, when you want to withdraw funds (after selling stocks or closing a position), you can place a ‘funds payout’ request with your broker and once approved, the funds can be conveniently transferred from your trading account to your linked bank account. While there are no restrictions or upper limit on the withdrawal amount, it is recommended to maintain sufficient balance to cover your open positions and avoid unnecessary penalties or square-offs.

Yes, you can have more than one Demat account mapped to your trading account by transferring your single or joint DP ID with an upper limit of 3 account holders. However, you will have to pay annual maintenance charges for each Demat account you own.

Yes, it is possible to open a Demat account in the name of a minor but all the transactions will be through the parent or guardian, till the account holder reaches the age of 18. However, a trading account cannot be opened for a minor.

Systematic investment plan (SIP) is super popular among retail investors as it allows them to invest a small amount (SIP starts with ₹100) at regular intervals, eliminating the need for timing the market. Disciplined SIP investing also helps investors benefit from the power of compounding. There are multiple ways of investing in SIPs. You can directly invest via a Demat account (preferable) or invest via a mutual fund distributor or agent. However, investment made with distributors is typically in regular plans, where the expense ratio is on the higher side, which directly impacts an investor’s take-home income. Hence, it is recommended to invest in SIPs through a Demat account so that the units are held digitally and can be bought and sold from any corner of the world. Another advantage of investing in SIPs via a Demat account is that you can start or stop SIP with a click of a button. However, the biggest advantage of investing in SIPs through a Demat account is that you can invest directly with the AMC, eliminating any middlemen and saving on expense ratio, which will increase your take-home profits and create a substantial corpus difference in the long run.

Yes, you can hold your mutual fund units in a Demat account. This makes it easier to start a new SIP or top up an existing SIP without any delays or the hassle of paperwork. In addition to mutual funds, your Demat account also holds shares, bonds, debentures, sovereign gold bonds, ETFs, ULIPs and other financial assets. With all your assets at one place, tracking, monitoring, and taking timely corrective action becomes easy and convenient.

A standard annual maintenance charge of Rs 120 is charged every quarter. However, m.Stock does give its users the option to go maintenance free for life at a one-time fee of Rs 999. And that’s not all. Once users opt for the lifetime free AMC plan, even the quarterly operating fee of Rs 99 is waived off. So, by choosing the lifetime free AMC plan, users can potentially save Rs 480 in annual maintenance and Rs 396 in operating charges a year. This means, for a one-time fee of Rs 999, your first year savings itself is Rs 876! Combined with Zero Brokerage for life, Lifetime free AMC is highly popular amongst m.Stock users.

Yes, you can apply for the latest upcoming IPOs with m.Stock Demat account. With a 100% online (paperless) application process, separate tracking, and ASBA feature, applying for an IPO on m.Stock is super easy and convenient. To view the list of all upcoming IPOs on m.Stock’s website and mobile trading app.

Yes, you can hold mutual funds in a Demat account. While some investors still prefer the physical route, since redemption in mutual funds is subject to cut-offs, any delays in processing application can result in missed opportunity. Hence, it is recommended to hold mutual fund units in dematerialised form in your Demat account.
There's another catch here. Since your physical applications are processed by a distributor or agent, you are most likely investing in regular plans where you're paying a higher expense ratio which reduces the return on investment. But when you invest in mutual funds with m.Stock, you earn 1% higher returns via direct plans and you get access to 5,000+ mutual funds on 1 platform.

A Demat account can hold a plethora of securities in electronic or digital form. Here are some of the securities you can hold in a Demat account:

• Equity: Common equity shares, partly paid up shares and preference shares
• Fixed income: Bonds, Debentures
• Mutual Funds
• Sovereign gold bonds
• Unit Linked Insurance Plans (ULIPs)
• Exchange Traded Funds (ETFs)
• Capital gains and tax-free bonds
• Money market instruments: Treasury bills, Commercial papers, Certificates of Deposits

Yes, nomination facility is available in your m.Stock Demat account. Nomination is a must-do activity for investors and even the Securities and Exchange Board of India (SEBI) has now made nomination a mandatory requirement for any stock market investment. Nomination ensures hassle-free transfer of assets to the next of kin or nominees in case of any eventualities. Follow the below steps to update the nominee in your m.Stock account:

• Login to m.Stock
• Visit the ‘profile’ section and go to ‘segments’ under account details
• On the following page, click on the ‘Nominee Modification’ option and click on ‘Add Nominee’
• Once submitted, your nominee will be updated within 24 hours.