Hello, I'm a young planning-to-be-first-time-investor. I'm here hoping that you could help me determine my way ahead.
I'm planning to start with investing through DIY SIP from HDFC in ELSS. I have salary account with them and was looking at there website for the products they offer. I came accross these and i'm not sure what accounts are required for my investment plans-
Demat
Trading
Investment Services Account (ISA)
What is the difference in these and which ones should I get opened? Specially whats the difference bw trading account and ISA? I know Demat would be required.
Also any difference b/w opening account through bank and through hdfc securities?
Thanks a lot for helping a newbie!
I'm planning to start with investing through DIY SIP from HDFC in ELSS. I have salary account with them and was looking at there website for the products they offer. I came accross these and i'm not sure what accounts are required for my investment plans-
Demat
Trading
Investment Services Account (ISA)
What is the difference in these and which ones should I get opened? Specially whats the difference bw trading account and ISA? I know Demat would be required.
Also any difference b/w opening account through bank and through hdfc securities?
Thanks a lot for helping a newbie!