SBICAP Securities Ltd (SSL), known for providing Dematerialization (Demat) services, has expanded its presence in the SBI Bazar Branch, Mokokchung. To further strengthen its retail sales operations, the company has appointed Info Imchen as the Relationship Officer.
The SSL is known for offering Demat accounts, which are instrumental in facilitating digital trading of financial securities and shares in the share market. The company has invited all interested individuals with an SBI account to open a Demat account.
A Demat account essentially holds financial securities in electronic format, replacing the traditional physical share certificates. This digitization process, known as dematerialization, simplifies the maintenance and accessibility of shares, enabling investors to manage their portfolios from anywhere.
Info Imchen, the newly appointed Relationship Officer, highlighted the significance of Demat accounts for investors. “A Demat account is an essential tool for safekeeping shares and securities. In India, opening a Demat account is compulsory for anyone who wishes to invest in the stock market,” he explained.
One of the key benefits of opening a Demat account, as Imchen pointed out, is the elimination of the need to visit banks for paper documentation and signatures when dealing with mutual funds and health insurance.
“With a Demat account, people can perform all transactions and investments from the comfort of their homes, using just their mobile phones,” he said.
Imchen further elaborated on the various plans offered by SBICAP Securities Ltd, which provide assistance to those who have little to no knowledge about the stock market. These plans include guidance from the Regional Manager (RM) or other experts to help investors make informed decisions and navigate the complexities of the market confidently.
Speaking on why he thinks Demat account is important, Imchen emphasized the potential benefits of redirecting everyday expenses towards investment in mutual funds.
He mentioned that people often spend a significant amount of money on items like tobacco and other non-essential things. Instead, he proposed that this money could be put to better use in a mutual fund plan. He further illustrated how the value of money continues to change with inflation.
“For example, 20 Rupees could buy one pack of bread now, whereas a decade ago, the same amount could buy two packs,” he said, emphasizing that the value of money would continue to change in the future, therefore, making it wise to invest in assets like mutual funds and track inflation through the demat app.
He also noticed that people seem reluctant to inquire about things such as mutual funds and inflation in banks and, therefore, he said, “By opening a Demat account, people can receive guidance and assistance in understanding mutual fund investments without the need for frequent bank visits,” he said.
“With a demat account, we can solve 80% of your concerns from home,” he added.
When asked about the cost of opening a Demat account, he revealed the availability of various registration plans.
Prospective investors can inquire and gather more information about these plans by contacting +91 6009410017 for any queries they might have.
