The best gift that you can give your child is probably the time you spend with her. And one way to get more time is to use the Internet to make investments. Online platforms also help in speedier and more efficient decision making, and better money management which means freeing up time and reducing paperwork.
Many financial transactions can be done online, be it investing for your child’s future or managing your bank accounts, paying insurance policy premiums or even school fee. In some financial products, the entire process is online, while in others, some paperwork may require your physical presence. Here is how you can invest online in different avenues.
Equity
To invest in direct equity (shares), you need to have a demat and trading account. While opening a demat account is an offline process, once it’s done, you can transact online. You can link it with your bank account from which you can transfer money into the demat account. Till the time you don’t buy or invest in shares, the funds remain in the demat account. If you want to withdraw your money from the demat account, you can do so online, and the money will get transferred to the linked bank account. There are brokerages and banks (through subsidiaries) that provide online demat and trading accounts.
