• Aug 20, 16
• Saurabh Shroff
• 0 comment

For all our clients, we open separate Demat accounts with Edelweiss Broking Limited. The accounts thus opened are managed by a Custodian – Edelweiss Custodial Services Ltd. Per SEBI’s regulations, there is no longer a need to open separate bank accounts for clients. The funds invested in the PMS are parked in the pool account of the PMS provider for efficient execution of transactions. The funds and Demat accounts are managed by the custodian and hence have certain unique features. The trades are electronically settled directly with the exchange, similar to the institutional settlement framework. Your existing retail Demat account cannot be used for Portfolio Management system as it will not have the special functionalities associated with it.