ENHI
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Section 1 · Module 1.5

Getting Started — KYC, Demat & Brokers

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Your launch checklist

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What You Need Before Trading

Remember: Demat holds shares; trading account places orders — you usually open both together.

To buy or sell NSE equities you need a Demat account (holds shares electronically) and a trading account (places orders). Most brokers open both together with a linked bank account.

  • PAN: Mandatory for KYC and tax reporting.
  • Aadhaar / address proof: Used for identity verification under SEBI KYC norms.
  • Bank account: Same-name account for pay-in / pay-out of funds.
  • Email & mobile: OTP and contract notes.

KYC & Account Opening Flow

Typical digital onboarding (times vary by broker):

  1. Fill personal + bank details on a SEBI-registered broker app.
  2. Upload PAN, photo, and address proof; complete eSign / video KYC.
  3. Depository participant (NSDL or CDSL) activates Demat.
  4. Fund the trading ledger via UPI / net banking before placing CNC buys.

Keep your broker, Demat, and bank KYC in sync — name mismatches block payouts.

Choosing a Broker (Educational Checklist)

Compare — do not chase only the lowest brokerage:

  • SEBI registration and membership of NSE / BSE.
  • Brokerage + platform fees for delivery vs intraday vs F&O.
  • Order types supported (limit, SL, GTT) and charting quality.
  • Customer support, research (optional), and complaint history.
  • Whether you need F&O activation separately (often requires extra income proof).

This course does not recommend a broker. Practice first with paper trading on this site.

Your First Equity Trade Concepts

  • CNC / delivery: Full capital; shares settle T+1 into Demat.
  • MIS / intraday: Same-day square-off; leverage varies by broker — higher risk.
  • Prefer limit orders while learning — see module 1.3.
  • Always know the stop and position size before you click Buy.

Knowledge check

Shares from a CNC equity buy typically credit to your Demat on:

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