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Is it necessary to have a demat account for SIP?

Demat Account is mandatory for trading in the stock market. It is not required for Mutual Fund investments of any kind including SIP. For Mutual Funds, the mandatory requirement is filling up a Know Your Customer or KYC.


Topic: Demat Account FAQs

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1 . How to operate my online Demat account? 2 . What if I already have a Demat account with another depository? 3 . Is it necessary to have a bank account to create a Demat account? 4 . What is the difference between trading and demat account? 5 . Is demat account necessary for trading? 6 . What is the meaning of trading profit and loss account?
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