TO KNOW THE LEVEL OF DEMAT AWARENESS AND SHARE MARKET AMONG YOUTH OF INDIA
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Abstract
In early days securities were held in physical form, the trend which has changed enormously. Now the physical certificates are no longer required due to the emergence of DEMAT (a short form for Dematerialization) account. Conversion of physical certificates to the electronic form is a trait of DEMAT account. Place of holding the securities in the electronic form is a depository. There are two depositories in India- National Securities Depository Limited (NSDL) and Central Depository Services Limited (CSDL). Under the Depositories Act, investors can use the services of these depositories through Depository Participants (DP). Depository participant is an intermediary between the investor and the depository. From convenient way to hold securities to immediate transfer of securities, from no stamp duty to reduce transaction cost, from safety to reduce paperwork for transfer of securities, DEMAT provide people with numerous advantages. Various banks like HDFC Bank, ICICI Bank, Axis Bank etc provide the DEMAT facility. Some even provide facility of holding of Mutual Funds in DEMAT ACCOUNT. Proposed study is an attempt to find out the level of awareness of DEMAT among modern day youth.
References
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