InvestorQ : How many demat accounts should I have ideally have?
Riya Dwivedi made post

How many demat accounts should I have ideally have?

Answer
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Dilmini Mercia answered.
2 years ago


There is really no hard and fast rule because the rules allow you to have as many accounts as you want. But bear in mind that each DP accounts entails a cost and you need to factor that into your calculations. If your portfolio is not too large, you can do with just one DP account. It is cost effective and it is also easier to handle. However, in case you are an aggressive trader in the market and want to separate your investment portfolio from your trading portfolio, then you can consider two demat accounts at best. This will simplify the task of recording and filing of tax returns. But too many demat accounts are really not advisable.