Kosamattam Finance provides depository services to its investors. Holding of securities in electronic form has various advantages to the investor. Demat ensures the transfer of securities instantly. Another advantage of holding a demat account is that there is no TDS for Depository held securities. Other risks such as loss, theft, delays etc. are avoided completely. In Depository system, the transfer of securities takes place by way of electronic book entries.
It is an easy and convenient mode to hold securities.
The risks of misplacing the physical certificates or that of thefts, fake securities or time delays are reduced since Demat accounts are electronic as opposed to the old paper based system.
Demat account is not only for equity shares but you can keep NCDs , mutual funds, gold exchange traded fund, preference shares in it which makes it easier for individuals to keep track of their investments as they do not have to check several account, they just have to check their demat account for knowing about their portfolio.
Statements can be accessed online just like checking Bank Account Balance.
Kosamattam finance Depository Participant is a participant of Central Depository Services (India) Limited (CDSL).