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Frequently asked questions
Investing in stocks can be tricky, especially for novice investors. With the advent of several digital platforms, investing in stocks and funds has become hassle-free.
There are different ways you can invest in stocks. You can buy individual stocks, MF (Mutual Funds), ETF (Exchange Traded Funds), and more.
Here are the steps to simplify the investing process for an individual stock:
Step 1: Open a Demat account and a trading account and link them with a pre-existing bank account for easy transactions.
Step 2: Using a mobile-based application or web platform, log in to your Demat account to access the various functionalities provided by the broker.
Step 3: After doing adequate research, pick a stock that you want to invest in. You need to specify the number of units of the stock you are buying
Step 4: Your purchase order will get executed after reciprocation by the seller.
After the transaction is completed, your bank account will get debited with the required amount. You will receive the shares in your Demat account.
Investing with Bajaj Finance Securities comes with a host of benefits:
Bajaj Financial Securities Limited (BFSL) is a 100% subsidiary of Bajaj Finance Limited - one of the largest retail asset financing NBFCs in the country.
Wide product portfolio
With BFSL, you can trade in Equity, cash and derivatives, Mutual Funds, IPO, and more.
Zero-cost account opening
Open your Demat account for free using the freedom subscription pack of Bajaj Financial Securities Limited (BFSL). The services are free for the first year. Rs. 365+GST will be chargeable from the second year onwards.
With various subscription packs, you can lower the brokerage to as low as Rs. 5/order*. MTF rates are as low as 10.75% p.a.*
Easy trading on a website or app
Manage your financial assets conveniently with access to the trading interface on both website and the Bajaj Securities app.
Get expert assistance through daily research calls. These will provide professional help for trading in equity, futures and options.
To open a Demat account with Bajaj Financial Securities Limited (BFSL), you need to follow a few simple steps:
Step 1: Click on the ‘Open Demat Account’ button on this page.
Step 2: Enter your mobile number and email ID and validate them using the OTP.
Step 3: Provide your PAN card, income range, gender, and father’s name.
Step 4: Enter your bank details which will be used for all the transactions.
Step 5: Add your address and upload all the required documents, as mentioned above.
Step 6: Record a live video for In-Person Verification (IPV).
Step 7: E-sign the application through an Aadhar-linked mobile number.
Step 8: After completing all the steps, submit the application for verification.
Here are some of the things you should keep in mind before starting your investment journey:
Understand your goals
You should first understand your financial goals and the time frame for your investments. Choose between a short-term or a long-term investment strategy. You can choose to start your investment journey accordingly.
Determine your risk appetite
While you are looking to invest in the stock market, keep in mind the risks associated with it. Your investment goals and risk appetite will help you make an informed investment decision.
Choose whether to diversify your portfolio
Usually, a well-diversified investment portfolio minimises the risk associated with stock price volatility. Creating a diversified portfolio thus helps your portfolio stay afloat even during tough times. But overly diversifying the portfolio may hinder growth. So you need to find that balance.
Check your emotions
While investing, it is advisable to keep your emotions in check. Carefully calculated and evaluated decisions should always take precedence over decisions triggered by emotions.
Research and invest
Before investing any amount of money, you should educate yourself about the fundamentals of the stock market. If required, take expert guidance or participate in discussions on various forums to understand the intricacies associated with investing in the stock market. You also need to be well-versed in the terminologies associated with online trading and investing.
Here are some of the key benefits of online trading:
Buy and sell without any middlemen
With online trading, you do not have to involve anyone while buying or selling your stocks.
Faster and cheaper
When you trade online, the brokerage charge you pay is less than what a traditional broker would charge. Also, trading on an online platform is much faster than the offline route.
Online trading provides greater control over your investments. You can trade at your own convenience at any time during the day without having to involve any broker to execute your transactions.
With advanced interface and tools, online trading helps you monitor your investments and do your own research. It helps you track gains, and losses wherever you are from your phone or PC.