Usually, gold and shares are the most sought-after investment arena for Indian investors. But, if you are someone looking to invest in shares in India, and are just starting off, the first question in your mind would be that how can a beginner invest in shares in India.
If you ask about the market in a crowd, then you will get to hear different things from different mouths. You will observe the best part that even people who have never ever invested in shares will have strong opinions. They will also give you some tips. Hence, if you are the one who simply does not want to stand and give tips without doing anything and wants to actually invest in share markets in India, then here is how to get started with share market investment in India.
To start, you need to important things and they are mentioned below;
Get a PAN Card:
In our country, Permanent Account Number is a primary requirement for entering any financial transactions. This is unique 10 digit Alpha-Numeric number assigned to an individual by the Tax Authorities for assessing their tax liabilities. It is however required for opening a bank account, investing in mutual funds, filling Income Tax returns etc. You will be able to invest in shares, only if you own a PAN card. Thus it is important to have.
Get a Broker:
As you know that you cannot directly go the stock exchange and buy or sell stocks/shares. Thus, the stock exchange has authorized brokers, who can buy and sell the stocks on the markets. In India, brokers can be individuals or companies and even online agencies, which are registered and licensed by SEBI. SEBI is responsible to regulate the share markets. You must get a broker, and it can be either individual or you can approach various companies that are licensed to trade and deal in securities in the markets. You must ensure that they are reliable.
You can even have online booking through companies like ICICI Direct, Kotak Securities, Indiabulls etc if you have faith in them.
Once you have a broker, you will now need a Demat and Trading account. The stocks or shares are held by Dmat account in your name and the same will reflect in your stock portfolio.
You can also get in touch with the technical analysts of Money Classic Research to get reliable and accurate stock trading tips.