3. Getting Started

If you think you have the right kind of spirit to handle the knocks of the stock market, then here are the basics of starting your investment adventure.

Step 1 – Open a Demat Account - You can get one opened at a bank or brokerage house. Even MoneyControl.com has one. 500 to 750 can be charged for getting an account opened. Additional charges of 300 to 500 are required for maintenance. You will also need photo-ID and address proofs. Some banks even ask for a savings account.

Step 2 – Open a Trading Account – This service is offered by both - banks and brokerage houses. Related documents may charge you a bit here but else not. Brokerage houses may charge you a bit too for this. Additional demat account proof is also needed here.

Step 3 – Start Trading – You can trade either – offline or online. It is advised to start with offline trading as you get first-hand experience from it.