4min chapter

Capitalmind Podcast cover image

SEBI takes a big chunk of income away from stock brokers

Capitalmind Podcast

CHAPTER

What Happened to Your Shares?

The Sabi in its wisdom a long time back said, listen, we can't have this. Can we create individual DMAT accounts for every individual and that DMAT account is where the shares should be? So even though a broker may have a centralized pool DMAT account, they have to necessarily transfer whatever comes into their pool DMATaccount into individual customer DMAT accounts. This happens without fail every day. And you can see the shares in your DMAT account. If you buy shares today, in today's date, because things have changed, if it should T plus two, so that's it's not T plus one. That means tomorrow evening, if you buy it today morning

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