The conversation between human and AI assistant.
What are the first steps to invest in the Indian stock market?
No, I haven't. Can you explain what a demat account is and how I can open one?
Of course. A demat account is an account that holds your securities like stocks, bonds, and mutual funds, in electronic form. It eliminates the need for physical certificates and makes trading more efficient. To open a demat account, you'll need to provide proof of identity, address, and income. You can approach any registered depository participant like banks or brokers, and they will guide you through the process.