DerpyLlama
Multiple demat accounts from same PAN
For exploring different investment apps, every app asks to create a new demat account. So is it advisable to create multiple accounts under the same PAN? Any issues in future that I might face?
Any way to use groww demat account in zerodha?
15mo ago
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SwirlyTaco
Stealth15mo
You can create as many accounts as you want. Just one per PAN per provider.
You'll be defeated on portfolio visibility though.
I'd suggest a maximum of 2 - one to invest, one to trade (if you do). If you just invest you only need one.
You cannot view a demat account from other providers. You can of course transfer your holdings.
PrancingPickle
Stealth15mo
You can create multiple demat accounts from a single PAN.
You can track your all your demat accounts in apps like IndMoney.
only possible issues,
-
Please only apply for IPOs from single demat account. if you do from multiple demats with same PAN, your application will be rejected.
-
annual AMC of multiple brokers to be borne
SquishyUnicorn
Stealth15mo
I'm using Groww, if you have any questions related to MF experience, i can help.
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