Category: Business Compliances

🧩 What is a Demat & Trading Account?

• Demat Account: Stores shares in electronic form
• Trading Account: Allows you to buy/sell shares on stock exchanges (NSE/BSE)

You need both accounts to invest in:
✔ Stocks
✔ ETFs
✔ IPOs
✔ Bonds & more

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📌 Step-by-Step Process to Open a Demat & Trading Account in India

Step 1: Choose a Stockbroker

Select a SEBI-registered broker. There are two types:

• Discount Brokers: (Low charges) – Zerodha, Upstox, Angel One, Groww
• Full-Service Brokers: (Advisory included) – ICICI Direct, HDFC Securities, Kotak

Important factors to compare:
✔ Brokerage Charges
✔ AMC Fees
✔ Trading Platforms
✔ Customer Support

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Step 2: Visit the Broker Website or App

Go to the broker site/app and click “Open Demat Account” or “Sign Up”

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Step 3: Enter Basic Details

You will be asked to fill:
✔ Full Name
✔ Mobile Number
✔ Email ID
✔ PAN Number
✔ Date of Birth

An OTP verification will be done on mobile & email.

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Step 4: Upload KYC Documents

Keep these ready:
📄 PAN Card
📄 Aadhaar Card (Linked with Mobile)
📄 Bank Statement / Cancelled Cheque
📄 Signature (on white paper)

Some brokers may ask for income proof if you enable F&O trading.

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Step 5: Complete IPV (In-Person Verification)

Brokers do IPV through:
🎥 Self-video recording OR
📞 Live webcam verification

Example message you may need to record:
“My name is _____ and I am applying for a Demat account with PAN XXXXX.”

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Step 6: Sign Documents through e-Sign

If your Aadhaar is linked with your mobile, you can e-Sign via OTP using DigiLocker or NSDL.

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Step 7: Account Approval & Login

After document verification, your account gets approved within 1–48 hours.

You will get:
✔ Login ID
✔ Password
✔ Client ID

From there, you can access:

• Trading App
• Kite/Console (Zerodha), Angel One App, Groww App, etc.

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💰 Charges You Should Know

Charge Type	Approx Amount
Account Opening	₹0 – ₹500
Annual Maintenance (AMC)	₹0 – ₹500/year
Brokerage	Discount Brokers: Low, Full-service: Higher

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📦 What You Can Do After Activation

✔ Buy/Sell Shares
✔ Apply for IPOs
✔ Trade F&O (if enabled)
✔ Invest in Mutual Funds
✔ Track Portfolio

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🧠 Tips to Grow Your Investments

✔ Start with blue-chip stocks
✔ Diversify sectors
✔ Use SIP in stocks/ETFs
✔ Avoid over-trading
✔ Keep long-term vision
✔ Track quarterly results

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⚠ Common Mistakes to Avoid

❌ Trading without knowledge
❌ Investing based on tips/rumors
❌ Buying too many penny stocks
❌ Forgetting risk management

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📌 Conclusion

Opening a Demat & Trading account in India has become fast, digital, and beginner-friendly. With the right broker and research, you can start your wealth-building journey today and grow steadily in the stock market.

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📜 Disclaimer

This blog is for educational and informational purposes only and does not constitute financial advice or stock recommendations. Stock market investments are subject to market risks. Please consult a SEBI-registered financial advisor before investing.

Introduction

To invest or trade in equity shares, mutual funds, IPOs, ETFs, bonds, and derivatives, you need a Demat & Trading Account. Edelweiss is a reputed full-service financial services group in India, offering broking, research, advisory, and wealth management solutions.

This Saving Mantra guide explains the step-by-step process for opening an Edelweiss Demat & Trading Account in India, suitable for beginners, long-term investors, and active traders.

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Step 1: Understand What an Edelweiss Demat & Trading Account Is

An Edelweiss account includes:

• Demat Account – Stores shares and securities in electronic format
• Trading Account – Enables buying and selling on NSE, BSE, and other exchanges

Both accounts are opened together under a single client ID.

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Step 2: Check Eligibility for Edelweiss Account Opening

You can open an Edelweiss account if you:

• Are an Indian resident individual
• Are 18 years or older
• Have valid KYC-compliant documents

Edelweiss also supports NRI, HUF, and corporate accounts through assisted onboarding.

---

Step 3: Keep Required Documents Ready

Mandatory Documents

• PAN Card
• Aadhaar Card
• Passport-size photograph
• Bank account proof (cancelled cheque / bank statement)
• Signature

Ensure documents are clear and updated to avoid delays.

---

Step 4: Choose Online or Assisted Account Opening Mode

Edelweiss offers:

• Online account opening (e-KYC based)
• Assisted onboarding via branch or partner
• Relationship-manager-led offline process

Investors seeking guidance often prefer assisted onboarding through Saving Mantra.

---

Step 5: Complete KYC & Personal Details

You must fill in:

• Personal and contact details
• Address and bank information
• Employment and income details

This is mandatory as per SEBI and exchange regulations.

---

Step 6: Complete In-Person Verification (IPV)

IPV is conducted via:

• Video verification (online) or
• Physical verification at Edelweiss branch

This step confirms your identity and prevents misuse.

---

Step 7: Sign Account Opening & Agreement Forms

Sign:

• Demat account agreement
• Trading account agreement
• Power of Attorney (optional but recommended)

Digital signatures allow paperless and faster processing.

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Step 8: Account Activation Timeline

After document submission:

• Verification takes 2–4 working days
• Client ID and login credentials are shared via email/SMS
• Demat & Trading Account gets activated

You can then access Edelweiss trading platforms and reports.

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Step 9: Understand Edelweiss Brokerage & Charges

Indicative Brokerage Structure

• Equity Delivery: Percentage-based
• Equity Intraday: Percentage-based
• F&O: Fixed or percentage (as per selected plan)
• Mutual Funds: ₹0 (Direct & Regular options)

Other charges include DP charges, exchange fees, GST, STT, and stamp duty.

---

Step 10: Start Investing & Trading with Edelweiss

Once active, you can invest in:

• Equity shares
• Mutual funds
• IPOs and bonds
• ETFs
• Futures & options

Beginners benefit from research reports, advisory support, and portfolio insights.

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Benefits of Opening an Edelweiss Account

• Strong research and advisory services
• Multiple investment products under one platform
• Assisted relationship manager support
• Suitable for beginners and high-value investors
• Trusted full-service brokerage brand

---

Common Mistakes to Avoid

• Not comparing brokerage plans
• Submitting incomplete or unclear documents
• Trading without understanding advisory risks
• Ignoring tax implications
• Overtrading due to easy access

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How Saving Mantra Helps with Edelweiss Account Opening

• Assisted Edelweiss Demat & Trading Account opening
• KYC and documentation support
• Broker comparison & plan selection
• Capital gains & trading taxation support
• Income Tax Return filing for investors and traders

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Conclusion

Opening an Edelweiss Demat & Trading Account is ideal for investors who prefer research-backed advice, relationship management, and a wide investment ecosystem. By following this step-by-step account opening process, you can ensure smooth onboarding and confident investing.

For assisted onboarding, compliance support, and taxation advisory, Saving Mantra is your reliable financial partner.

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Disclaimer

Stock market investments are subject to market risks. Brokerage charges, platform features, and policies may change as per broker and regulatory guidelines. Past performance does not guarantee future returns. This article is for educational purposes only and should not be considered investment advice. Please consult a qualified financial advisor before investing or trading.

Introduction

To invest or trade in shares, mutual funds, IPOs, ETFs, and derivatives, opening a Demat & Trading Account is mandatory. Angel Broking (now branded as Angel One) is one of India’s leading stockbrokers, offering a blend of discount brokerage, advanced technology, and research-backed advisory.

This Saving Mantra guide explains the step-by-step process for opening an Angel Broking Demat & Trading Account in India, ideal for beginners, investors, and active traders.

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Step 1: Understand What an Angel Broking Demat & Trading Account Is

An Angel Broking account includes:

• Demat Account – Holds shares and securities in electronic form
• Trading Account – Enables buying and selling on NSE, BSE, and MCX

Both accounts are opened together through a single online process.

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Step 2: Check Eligibility for Angel Broking Account Opening

You can open an account if you:

• Are an Indian resident individual
• Are 18 years or older
• Have valid KYC documents

Angel Broking also supports NRI and special category accounts through assisted onboarding.

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Step 3: Keep Required Documents Ready

Mandatory Documents

• PAN Card
• Aadhaar Card (linked with mobile number)
• Bank account proof (cancelled cheque or bank statement)
• Signature (digital)

All verification is done through online e-KYC.

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Step 4: Start Online Account Opening

Visit the Angel Broking (Angel One) account opening page and:

1. Enter mobile number and email ID
2. Verify via OTP
3. Enter PAN details
4. Complete Aadhaar-based e-KYC

The entire process usually takes 10–15 minutes.

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Step 5: Fill Personal & Financial Details

You will be asked to provide:

• Personal and contact information
• Employment and income details
• Trading experience (if any)

This information is required as per SEBI compliance norms.

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Step 6: Complete In-Person Verification (IPV)

Angel Broking conducts digital IPV:

• Short video verification
• Face match with Aadhaar details

This step is mandatory for account activation.

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Step 7: Upload Signature and Bank Proof

Upload clear images of:

• Signature
• Bank document (if not auto-verified)

Incorrect uploads may delay approval.

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Step 8: Account Activation Timeline

After submission:

• Verification is completed within 24–48 working hours
• Client ID and login credentials are shared via email/SMS
• Demat & Trading Account gets activated

You can then access the Angel One mobile app and web platform.

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Step 9: Understand Angel Broking Brokerage & Charges

Brokerage Structure

• Equity Delivery: ₹0
• Equity Intraday: Flat ₹20 per order or lower
• F&O: Flat ₹20 per order
• Mutual Funds: ₹0 (Direct plans)

Other charges include DP charges, exchange fees, GST, STT, and stamp duty.

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Step 10: Start Investing & Trading with Angel Broking

Once activated, you can invest in:

• Equity shares
• Mutual funds (Direct)
• IPOs
• ETFs
• Futures & options
• Commodities

Beginners should start with delivery-based investing and limited capital exposure.

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Benefits of Opening an Angel Broking Account

• Fully digital and paperless onboarding
• Low and transparent brokerage
• Advanced AI-based research tools
• Fast trade execution
• Easy-to-use mobile and web platforms

---

Common Mistakes to Avoid

• Entering incorrect KYC details
• Uploading unclear documents
• Trading without understanding risks
• Overusing leverage in derivatives
• Ignoring tax and compliance requirements

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How Saving Mantra Helps with Angel Broking Account Opening

• Assisted Angel Broking Demat & Trading Account opening
• KYC and documentation support
• Broker comparison advisory
• Capital gains & trading taxation support
• Income Tax Return filing for investors and traders

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Conclusion

Opening an Angel Broking Demat & Trading Account is a fast, cost-effective, and technology-driven way to begin your investment journey in India. By following this step-by-step account opening process, you can avoid common errors and start trading with confidence.

For assisted onboarding, compliance support, and taxation advisory, Saving Mantra is your trusted financial partner.

---

Disclaimer

Stock market investments are subject to market risks. Brokerage charges, features, and policies may change as per broker and regulatory guidelines. Past performance does not guarantee future returns. This article is for educational purposes only and should not be considered investment advice. Please consult a qualified financial advisor before investing or trading.

Introduction

Opening a Demat & Trading Account is the first step to invest or trade in equity shares, mutual funds, IPOs, ETFs, and derivatives. Sharekhan is a well-established full-service stockbroker in India, known for its research-backed advisory, multiple trading platforms, and strong offline branch presence.

This Saving Mantra guide explains the step-by-step process for opening a Sharekhan Demat & Trading Account in India, ideal for beginners, long-term investors, and professional traders.

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Step 1: Understand What a Sharekhan Demat & Trading Account Is

A Sharekhan account includes:

• Demat Account – Holds shares and securities in electronic form
• Trading Account – Used to buy and sell securities on stock exchanges

Both accounts are linked under a single client ID.

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Step 2: Check Eligibility for Sharekhan Account Opening

You can open a Sharekhan account if you:

• Are an Indian resident individual
• Are 18 years or older
• Have valid KYC documents

Sharekhan also supports NRI, HUF, and corporate accounts with additional compliance.

---

Step 3: Keep Required Documents Ready

Mandatory Documents

• PAN Card
• Aadhaar Card
• Passport-size photograph
• Bank account proof (cancelled cheque or bank statement)
• Signature

Ensure all documents are clear and updated to avoid rejection.

---

Step 4: Choose Online or Offline Account Opening

Sharekhan offers:

• Online account opening (e-KYC based)
• Offline account opening via branch
• Assisted onboarding through Saving Mantra

Offline mode is preferred by investors seeking personal relationship manager support.

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Step 5: Complete KYC & Personal Details

Fill in:

• Personal and contact details
• Address and bank details
• Employment and income information

This step is mandatory under SEBI and exchange compliance norms.

---

Step 6: In-Person Verification (IPV)

IPV is completed through:

• Video verification (online) or
• Physical verification at Sharekhan branch

This confirms your identity as per regulatory guidelines.

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Step 7: Sign Account Opening Forms

You must sign:

• Demat account agreement
• Trading account agreement
• Power of Attorney (optional but recommended)

Digital signatures enable paperless processing.

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Step 8: Account Activation Timeline

After document submission:

• Verification takes 2–4 working days
• Client ID and login credentials are shared via email/SMS
• Demat & Trading Account gets activated

You can then access Sharekhan trading platforms.

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Step 9: Understand Sharekhan Brokerage & Charges

Indicative Brokerage Structure

• Equity Delivery: Percentage-based (higher than discount brokers)
• Equity Intraday: Percentage-based
• F&O: Fixed or percentage as per selected plan
• Mutual Funds: ₹0 (Direct & Regular options)

Other charges include DP charges, exchange fees, GST, and stamp duty.

---

Step 10: Start Investing & Trading with Sharekhan

Once active, you can invest in:

• Equity shares
• Mutual funds
• IPOs & bonds
• ETFs
• Futures & options

Beginners benefit from research reports, market insights, and advisory services.

---

Benefits of Opening a Sharekhan Account

• Strong research and advisory support
• Offline branch & relationship manager access
• Multiple trading platforms (web, desktop, mobile)
• Suitable for beginners and conservative investors
• Wide range of investment products

---

Common Mistakes to Avoid

• Not understanding brokerage structure
• Submitting incomplete documents
• Trading without advisory guidance
• Ignoring tax implications
• Overtrading due to easy access

---

How Saving Mantra Helps with Sharekhan Account Opening

• Assisted Sharekhan Demat & Trading Account opening
• KYC and documentation support
• Broker comparison & plan selection
• Capital gains & trading taxation support
• Income Tax Return filing for investors and traders

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Conclusion

Opening a Sharekhan Demat & Trading Account is ideal for investors who prefer research-driven investing, professional advisory, and offline support. By following this step-by-step account opening process, you can ensure smooth onboarding and confident investing.

For assisted onboarding, compliance support, and taxation advisory, Saving Mantra is your trusted partner.

---

Disclaimer

Stock market investments are subject to market risks. Brokerage charges, features, and policies may change as per broker and regulatory guidelines. Past performance does not guarantee future returns. This article is for educational purposes only and should not be considered investment advice. Please consult a qualified financial advisor before investing or trading.

Introduction

Opening a Demat & Trading Account is the foundation for investing and trading in stocks, mutual funds, ETFs, IPOs, and derivatives. Zerodha is India’s largest discount stockbroker, trusted by millions for its low-cost structure, robust technology, and transparent pricing.

This Saving Mantra guide explains the step-by-step process to open a Zerodha Demat & Trading Account in India, suitable for beginners, long-term investors, and active traders.

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Step 1: Understand What a Zerodha Demat & Trading Account Is

A Zerodha account includes:

• Demat Account – Stores shares and securities electronically
• Trading Account – Enables buying and selling on stock exchanges

Both accounts are opened together online through Zerodha’s digital platform.

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Step 2: Check Eligibility for Zerodha Account Opening

You can open a Zerodha account if you:

• Are an Indian resident individual
• Are 18 years or older
• Have valid KYC-compliant documents

NRIs, minors, and corporate accounts follow separate onboarding procedures.

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Step 3: Keep Required Documents Ready

Ensure the following documents are available:

Mandatory Documents

• PAN Card
• Aadhaar Card (linked with mobile number)
• Bank account details (cancelled cheque or bank statement)
• Signature (digital upload)

All verification is done via online e-KYC.

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Step 4: Start Online Account Opening

Visit the Zerodha account opening portal and:

1. Enter mobile number and verify OTP
2. Submit PAN details
3. Complete Aadhaar-based e-KYC
4. Pay account opening charges

The entire process usually takes 10–15 minutes.

---

Step 5: Fill Personal & Financial Information

You will be asked to provide:

• Personal details
• Employment and income range
• Trading and investment experience

This information is required under SEBI compliance norms.

---

Step 6: Upload Documents and Signature

Upload clear images of:

• Signature
• Bank proof (if required)

Incorrect or unclear uploads may delay verification.

---

Step 7: Complete IPV (In-Person Verification)

Zerodha conducts digital IPV:

• Short video or webcam verification
• Identity confirmation

This step is mandatory and fully online.

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Step 8: Account Activation Timeline

After successful submission:

• Verification is completed within 24–48 working hours
• Login credentials are sent via email and SMS
• Demat & Trading Account gets activated

You can then access Kite (trading platform) and Console (back-office).

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Step 9: Understand Zerodha Charges & Brokerage

Zerodha Brokerage Structure

• Equity Delivery: ₹0
• Equity Intraday: ₹20 per executed order or 0.03% (whichever is lower)
• F&O: Flat ₹20 per executed order
• Mutual Funds (Direct): ₹0

Other statutory charges such as STT, GST, stamp duty, and DP charges apply.

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Step 10: Start Investing & Trading with Zerodha

After activation, you can invest in:

• Equity shares
• Mutual funds (Direct)
• IPOs
• ETFs
• F&O and commodities

Beginners are advised to start with delivery-based investing and low capital exposure.

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Benefits of Opening a Zerodha Account

• 100% online and paperless onboarding
• Zero brokerage on long-term equity investments
• Powerful trading tools like Kite
• Transparent and low-cost pricing
• Strong educational ecosystem (Varsity)

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Common Mistakes to Avoid

• Incorrect PAN or Aadhaar details
• Uploading blurred documents
• Trading without understanding risk
• Over-leveraging in derivatives
• Ignoring taxation and compliance

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How Saving Mantra Helps with Zerodha Account Opening

• Assisted Zerodha Demat & Trading Account opening
• KYC and verification support
• Beginner-friendly trading guidance
• Capital gains & trading taxation support
• Income Tax Return filing for investors and traders

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Conclusion

Opening a Zerodha Demat & Trading Account is one of the most cost-effective and reliable ways to begin investing in India. By following this step-by-step account opening process, you can ensure smooth onboarding and start your investment journey with confidence.

For assisted onboarding, compliance support, and taxation advisory, Saving Mantra is your trusted partner.

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Disclaimer

Stock market investments are subject to market risks. Brokerage rates, features, and policies may change as per broker and regulatory guidelines. Past performance does not guarantee future returns. This article is for educational purposes only and should not be considered investment advice. Please consult a qualified financial advisor before investing or trading.

Introduction

Opening a Demat & Trading Account is the first step to start investing or trading in stocks, mutual funds, ETFs, derivatives, commodities, and IPOs. Upstox is one of India’s leading discount brokers, known for low brokerage, fast digital onboarding, and user-friendly platforms.

This Saving Mantra guide explains the step-by-step process to open an Upstox Demat & Trading Account in India, suitable for beginners, active traders, and long-term investors.

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Step 1: Understand What an Upstox Demat & Trading Account Is

An Upstox account includes:

• Demat Account – Holds shares and securities in electronic form
• Trading Account – Used to buy and sell securities on exchanges

With Upstox, both accounts are opened together online.

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Step 2: Check Eligibility for Opening an Upstox Account

You can open an account if you are:

• An Indian resident (individual)
• 18 years or older
• Having valid KYC documents

NRIs and special entities may require additional compliance.

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Step 3: Keep Required Documents Ready

For smooth and fast account opening, keep the following ready:

Mandatory Documents

• PAN Card
• Aadhaar Card (linked with mobile number)
• Bank account details (cancelled cheque or statement)
• Signature (digital upload)

All verification is done online through e-KYC.

---

Step 4: Start Online Account Opening

Visit the official Upstox account opening page and:

1. Enter mobile number and email ID
2. Verify via OTP
3. Enter PAN details
4. Complete Aadhaar-based e-KYC

The entire process usually takes 10–15 minutes.

---

Step 5: Complete Personal & Financial Details

You will be required to fill:

• Personal information
• Employment and income details
• Trading experience (if any)

This helps determine trading eligibility and risk profiling.

---

Step 6: Upload Documents and Signature

Upload:

• PAN image (if required)
• Signature (digital or scanned)

Ensure clarity to avoid rejection or delays.

---

Step 7: Do In-App Verification (IPV)

Upstox conducts In-Person Verification (IPV) digitally:

• Short video verification
• Face match with Aadhaar

This step is mandatory under SEBI regulations.

---

Step 8: Account Activation Timeline

Once submitted:

• Verification usually completes within 24 hours
• Login credentials are shared via email/SMS
• Demat & Trading Account gets activated

You can then access the Upstox Web and Mobile App.

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Step 9: Understand Upstox Charges & Brokerage

Brokerage Structure

• Equity Delivery: ₹0
• Equity Intraday: Flat ₹20 per order or lower
• F&O: Flat ₹20 per order
• Mutual Funds: ₹0 (Direct plans)

Other charges include statutory taxes and DP charges.

---

Step 10: Start Trading & Investing with Upstox

After activation, you can invest in:

• Equity shares
• Mutual funds (Direct)
• IPOs
• ETFs
• F&O and commodities

Beginners should start with delivery-based investments and small capital.

---

Benefits of Opening an Upstox Account

• 100% digital account opening
• Low brokerage & transparent pricing
• Advanced charts and analytics
• Fast order execution
• Easy mobile & web platforms

---

Common Mistakes to Avoid

• Entering incorrect KYC details
• Uploading unclear documents
• Not linking the correct bank account
• Trading without understanding risks
• Ignoring charges and tax implications

---

How Saving Mantra Helps with Demat Account Opening

• Assisted Upstox account opening
• KYC & verification support
• Beginner trading guidance
• Investment & taxation advisory
• Income Tax Return filing for traders

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Conclusion

Opening an Upstox Demat & Trading Account is a simple, fast, and cost-effective way to start your investment journey in India. By following this step-by-step process, investors can avoid errors and begin trading with confidence.

For assisted onboarding, compliance, and taxation support, Saving Mantra is your trusted partner.

---

Disclaimer

Stock market investments are subject to market risks. Brokerage charges, features, and policies may change as per broker and regulatory guidelines. Past performance does not guarantee future returns. This article is for educational purposes only and should not be considered investment advice. Please consult a qualified financial advisor before investing or trading.

Introduction

A Money Back Insurance Plan is a popular traditional life insurance product in India that offers periodic survival benefits during the policy term along with life cover. It is ideal for individuals seeking regular liquidity, capital safety, and insurance protection.

This Saving Mantra guide explains the step-by-step process for investing in a Money Back Insurance Plan in India, suitable for risk-averse investors, salaried professionals, and families.

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Step 1: Understand What a Money Back Insurance Plan Is

A Money Back Plan provides:

• Life insurance coverage throughout the policy term
• Periodic payouts at fixed intervals
• Maturity benefit at the end of the policy
• Bonus additions (if applicable)

Even after receiving payouts, the full sum assured remains active for life cover.

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Step 2: Identify Your Financial Requirement

Money Back Plans are suitable when you need:

• Regular cash flow
• Capital protection
• Low-risk savings
• Insurance coverage

Common use cases include:

• Household expenses
• Children’s education costs
• Loan repayments
• Planned life events

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Step 3: Choose the Right Policy Term and Coverage

Decide:

• Policy term (typically 15–25 years)
• Sum assured based on income and liabilities
• Payout frequency (every 4–5 years)

Coverage should ideally be 10–15 times annual income.

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Step 4: Understand Survival Benefit Structure

Survival benefits are paid at predefined milestones.

Example Payout Structure

• 20% of sum assured after 5 years
• 20% after 10 years
• 20% after 15 years
• Remaining amount + bonus at maturity

This ensures liquidity without policy discontinuation.

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Step 5: Check Bonus and Add-on Benefits

Traditional Money Back Plans may offer:

• Reversionary bonuses
• Terminal bonuses
• Riders (accidental death, critical illness, waiver of premium)

Riders enhance policy value and protection.

---

Step 6: Compare Premium and Affordability

Premium depends on:

• Age
• Sum assured
• Policy term
• Rider selection

Premiums should be affordable for the entire term to avoid lapses.

---

Step 7: Complete KYC and Buy the Policy

Documents Required

• PAN Card
• Aadhaar Card
• Address proof
• Income proof (for high coverage)

Policies can be purchased online or offline through licensed insurers or advisors.

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Step 8: Pay Premiums and Track Policy Status

Choose premium mode:

• Monthly
• Quarterly
• Half-yearly
• Annual

Ensure timely payment to keep:

• Life cover active
• Bonus eligibility intact

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Step 9: Understand Tax Benefits

Tax Advantages

• Premiums eligible under Section 80C
• Survival benefits and maturity proceeds tax-free under Section 10(10D) (subject to conditions)

Tax benefits improve effective returns.

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Step 10: Avoid Common Money Back Plan Mistakes

• Expecting high market-linked returns
• Buying without adequate life cover
• Ignoring rider benefits
• Missing premium payments
• Choosing plan only for tax saving

Money Back Plans are protection-first, returns-second products.

---

Benefits of Money Back Insurance Plans

• Guaranteed periodic payouts
• Life insurance protection
• Capital safety
• Tax-efficient savings
• Suitable for conservative investors

---

Money Back Plan vs Term Insurance + Investment

Feature	Money Back Plan	Term + Investment
Risk	Low	Market-linked
Payout	Periodic	Flexible
Returns	Moderate	Higher potential
Insurance	Included	Separate
Liquidity	Structured	High

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How Saving Mantra Helps You

• Policy comparison & selection
• Coverage adequacy analysis
• Premium optimization
• Tax planning & compliance
• Long-term financial advisory

---

Conclusion

Money Back Insurance Plans are ideal for individuals seeking regular income, financial security, and life cover with minimal risk. By following this step-by-step investment process, investors can align these plans with short- and medium-term financial goals.

For expert guidance, policy evaluation, and compliance support, Saving Mantra is your trusted financial partner.

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Disclaimer

Money Back Insurance Plans are subject to policy terms, insurer conditions, and bonus declarations. Returns are not market-linked and may vary. Past performance does not guarantee future results. This article is for educational purposes only and should not be considered financial advice. Please consult a licensed insurance or tax advisor before investing.

Introduction

A well-structured Pension & Retirement Plan is essential to maintain financial independence and lifestyle security after retirement. With increasing life expectancy and rising inflation, retirement planning in India must start early, disciplined, and tax-efficient.

This Saving Mantra guide explains the step-by-step process for pension and retirement planning in India, suitable for salaried professionals, self-employed individuals, and business owners.

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Step 1: Understand What a Pension & Retirement Plan Is

A pension or retirement plan helps you:

• Build a retirement corpus during working years
• Receive regular income or lump sum after retirement
• Protect against longevity and inflation risk

Plans can be government-backed, insurance-based, or market-linked.

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Step 2: Estimate Your Retirement Needs

Start by calculating:

• Expected retirement age
• Monthly expenses after retirement
• Inflation-adjusted future costs
• Life expectancy and healthcare expenses

Professionals typically target 25–30 times annual expenses as retirement corpus.

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Step 3: Know the Types of Retirement Plans in India

Government-Backed Plans

• National Pension System (NPS)
• Employee Provident Fund (EPF)
• Atal Pension Yojana (APY)

Insurance-Based Pension Plans

• Immediate annuity plans
• Deferred annuity plans

Market-Linked Retirement Plans

• Retirement-focused mutual funds
• ULIP-based pension plans

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Step 4: Choose the Right Retirement Strategy

Selection depends on:

• Age and income level
• Risk appetite
• Tax planning requirements
• Expected retirement lifestyle

Professionals often combine NPS + mutual funds + insurance for diversification.

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Step 5: Start Investing Early and Regularly

Early investment offers:

• Power of compounding
• Lower monthly contribution burden
• Higher long-term corpus

Choose monthly contributions (SIP/NPS) for disciplined accumulation.

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Step 6: Allocate Assets Based on Age

Early Career (20s–30s)

• Higher equity exposure
• Growth-focused strategy

Mid Career (40s)

• Balanced equity-debt mix
• Risk moderation

Pre-Retirement (50s+)

• Lower equity, higher debt
• Capital preservation focus

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Step 7: Understand Lock-in and Withdrawal Rules

Each retirement product has specific rules:

• NPS: Partial withdrawal conditions
• EPF: Retirement-age withdrawal
• Pension plans: Vesting and annuity rules

Understanding liquidity is critical for planning.

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Step 8: Review and Rebalance Periodically

Review retirement portfolio:

• Once every year
• After major income or life changes
• When market conditions shift

Rebalancing helps maintain risk-return alignment.

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Step 9: Know Tax Benefits on Retirement Plans

Accumulation Phase

• Contributions eligible under Section 80C / 80CCD
• Additional tax benefits for NPS

Withdrawal Phase

• Partial or full tax exemptions (subject to rules)
• Annuity income taxable as per slab

Tax planning improves net retirement income.

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Step 10: Avoid Common Retirement Planning Mistakes

• Delaying retirement planning
• Ignoring inflation
• Overdependence on one product
• Not reviewing investments
• Underestimating healthcare costs

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Benefits of Pension & Retirement Planning

• Financial independence after retirement
• Regular income security
• Inflation-adjusted corpus
• Tax-efficient savings
• Peace of mind

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How Saving Mantra Helps in Retirement Planning

• Retirement goal calculation
• Product comparison (NPS, pension plans, funds)
• Asset allocation strategy
• Tax optimization & compliance
• Long-term monitoring support

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Conclusion

A pension and retirement plan is not a luxury—it is a financial necessity. By following this step-by-step retirement planning process, individuals can ensure stable income, dignity, and independence in their golden years.

For expert retirement planning, investment structuring, and compliance support, Saving Mantra is your trusted partner.

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Disclaimer

Pension and retirement investments are subject to market risks, policy terms, and regulatory conditions. Past performance does not guarantee future returns. This article is for educational purposes only and should not be considered financial advice. Please consult a qualified financial or tax advisor before investing.

Introduction

Planning for a child’s future education and financial security is one of the most important responsibilities for Indian parents. Child Insurance & Education Plans help parents build a dedicated corpus for education milestones while providing life insurance protection.

This Saving Mantra guide explains the step-by-step process for choosing and investing in a Child Insurance & Education Plan in India, suitable for new parents and experienced investors.

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Step 1: Understand What a Child Insurance & Education Plan Is

A Child Insurance & Education Plan is a long-term financial product that combines:

• Life insurance cover for the parent
• Savings or market-linked investment for the child’s education

In case of an unfortunate event, the policy continues and future premiums are waived, ensuring the child’s goals remain protected.

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Step 2: Identify Your Child’s Future Goals

Start by estimating:

• Higher education costs (India or abroad)
• Time remaining until the goal
• Inflation-adjusted expenses
• Risk tolerance

Professionals recommend goal planning 10–20 years in advance.

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Step 3: Know the Types of Child Plans in India

Traditional Child Plans

• Guaranteed or bonus-based returns
• Lower risk
• Stable growth

ULIP-Based Child Plans

• Market-linked returns
• Higher long-term growth potential
• Fund switching flexibility

Term Insurance + Investment Strategy

• Pure protection + mutual fund investment
• Higher flexibility
• Requires discipline

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Step 4: Choose the Right Child Plan

Compare plans based on:

• Sum assured
• Maturity benefit
• Premium waiver feature
• Policy tenure
• Returns and charges

Avoid selecting plans only for tax saving.

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Step 5: Understand Premium Payment Structure

Decide:

• Premium amount
• Payment frequency (monthly/annual)
• Limited or regular pay option

Premiums should be affordable and sustainable over the long term.

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Step 6: Complete KYC and Buy the Policy

Documents Required

• PAN Card
• Aadhaar Card
• Address proof
• Child’s birth certificate

Policies can be purchased online or offline through insurers or advisors.

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Step 7: Allocate Funds and Choose Investment Option

For ULIP-based child plans:

• Choose equity, debt, or balanced funds
• Adjust allocation as the child grows

Professionals gradually shift from equity to debt as education approaches.

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Step 8: Review Policy Performance Periodically

Review once a year:

• Fund performance
• Coverage adequacy
• Goal alignment

Timely reviews help keep the plan on track with inflation and goals.

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Step 9: Understand Tax Benefits

Tax Advantages

• Premiums eligible under Section 80C
• Maturity proceeds tax-free under Section 10(10D) (subject to conditions)

Tax benefits improve effective long-term returns.

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Step 10: Avoid Common Child Planning Mistakes

• Starting late
• Underestimating education inflation
• Choosing low coverage
• Ignoring premium waiver benefits
• Not reviewing policy regularly

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Benefits of Child Insurance & Education Plans

• Secures child’s education goals
• Financial protection against uncertainty
• Disciplined long-term savings
• Tax-efficient planning
• Peace of mind for parents

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How Saving Mantra Helps Parents

• Child education goal planning
• Policy comparison & selection
• ULIP vs traditional plan analysis
• Tax optimization & compliance
• Long-term portfolio review

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Conclusion

Child Insurance & Education Plans play a crucial role in safeguarding a child’s future. By following this step-by-step process, parents can ensure their child’s education goals remain protected regardless of life’s uncertainties.

For expert planning, policy comparison, and compliance support, Saving Mantra is your trusted financial partner.

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Disclaimer

Child insurance and education plans are subject to policy terms, market risks (for ULIP-based plans), and insurer conditions. Past performance does not guarantee future returns. This article is for educational purposes only and should not be considered financial advice. Please consult a licensed financial or tax advisor before investing.

Introduction

A ULIP (Unit Linked Insurance Plan) is a dual-purpose financial product that combines life insurance protection with market-linked investment. In India, ULIPs are widely used for long-term wealth creation, tax planning, and financial security.

This Saving Mantra guide explains the step-by-step process for ULIP investment in India, designed for first-time investors as well as professionals seeking structured, tax-efficient planning.

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Step 1: Understand What a ULIP Is

A ULIP allocates your premium into two parts:

• Insurance component – Provides life cover
• Investment component – Invests in equity, debt, or hybrid funds

The investment value fluctuates based on market performance.

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Step 2: Identify Your Financial Objective

Before choosing a ULIP, define:

• Protection requirement (sum assured)
• Investment horizon (minimum 5 years, ideally 10–15 years)
• Risk appetite (low, moderate, high)
• Tax planning needs

Professionals align ULIPs with retirement, child education, or wealth creation goals.

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Step 3: Know the Types of ULIP Funds

ULIPs offer multiple fund options.

Equity Funds

• High growth potential
• Higher volatility

Debt Funds

• Lower risk
• Stable returns

Balanced / Hybrid Funds

• Mix of equity and debt
• Moderate risk

You can switch funds during the policy term.

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Step 4: Choose the Right ULIP Policy

Evaluate ULIPs based on:

• Insurance coverage
• Fund performance history
• Charges structure
• Flexibility in premium and fund switching
• Insurer credibility

Avoid policies with high initial charges and limited transparency.

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Step 5: Understand ULIP Charges Clearly

ULIPs have regulated charges.

Common ULIP Charges

• Premium allocation charge
• Policy administration charge
• Fund management charge
• Mortality charge
• Switching charge (if applicable)

Lower charges lead to better long-term returns.

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Step 6: Complete KYC and Buy the Policy

Documents Required

• PAN Card
• Aadhaar Card
• Address proof
• Income proof (for high sum assured)

Policies can be purchased online or offline from insurers or advisors.

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Step 7: Pay Premium and Allocate Funds

Choose:

• Premium payment mode (monthly, quarterly, yearly)
• Fund allocation (equity/debt mix)

Professional investors periodically review and rebalance fund allocation.

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Step 8: Monitor and Switch Funds

ULIPs allow free fund switches annually.

When to Switch

• Change in market conditions
• Risk profile adjustment
• Goal re-alignment

Switching helps optimize returns without tax impact.

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Step 9: Understand ULIP Lock-in Period

ULIPs have a mandatory 5-year lock-in period.

• Partial withdrawals allowed after lock-in
• Discontinuation before 5 years leads to fund transfer to discontinued policy fund

ULIPs are best suited for long-term disciplined investing.

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Step 10: Know ULIP Taxation Rules

Tax Benefits

• Premium deduction under Section 80C
• Maturity proceeds tax-free under Section 10(10D) (subject to conditions)

High-premium ULIPs (above prescribed limits) may have taxable gains.

Saving Mantra assists with tax planning and compliance evaluation.

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ULIP vs Mutual Fund + Term Insurance

Feature	ULIP	MF + Term Plan
Insurance	Included	Separate
Investment	Market-linked	Market-linked
Tax Benefit	Yes	Partial
Flexibility	Moderate	High
Lock-in	5 Years	None (MF)

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Common ULIP Investment Mistakes

• Choosing ULIP only for tax saving
• Ignoring charges
• Short-term investment mindset
• Overexposure to equity at early stage
• Not reviewing fund performance

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How Saving Mantra Helps ULIP Investors

• ULIP policy comparison
• Goal-based fund allocation
• Tax optimization review
• Portfolio monitoring support
• Long-term financial planning

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Conclusion

ULIPs are ideal for investors seeking insurance protection with disciplined, long-term investment. By following this step-by-step ULIP investment process, investors can maximize benefits while managing risk efficiently.

For expert guidance, policy comparison, and tax compliance support, Saving Mantra is your trusted financial advisor.

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Disclaimer

ULIP investments are subject to market risks. The value of units may fluctuate based on market performance. Past performance does not guarantee future returns. This article is for educational purposes only and should not be considered financial advice. Please consult a licensed financial or tax advisor before investing.