Monitoring your portfolio is an essential part of managing your investments. Many people believe it is a daunting task, but this is simply not the case. If you hold a Demat account, you can easily monitor your portfolio by following these steps:
Login to your Demat account
The first step to monitoring your portfolio is to log in to your Demat account. You can do this by visiting the website of your broker or using their mobile app. You will need to enter your login credentials, which include your username and password.
Check your holdings
After you have logged in to your Demat account, you should check your holdings. This will give you an overview of the shares that you own and their current value. You can view your holdings by clicking on the “Portfolio” or “Holdings” tab on your Demat account dashboard.
Check the market value of your holdings
Once you have checked your holdings, you should check the market value of your shares. This will give you an idea of how much your portfolio is worth currently. You can view the market value of your shares by clicking on the “Market Value” or “Current Value” tab on your Demat account dashboard.
Check for unrealized gains or losses
After you have checked the market value of your shares, you should check the unrealized gains or losses. This will give you an idea of how much you have gained or lost since you purchased the shares. You can view the unrealized gains or losses by clicking on the “Profit and Loss” or “Gain and Loss” tab on your Demat account dashboard.
Check the transaction history
To monitor your portfolio effectively, you should also check your transaction history. This will give you an idea of the shares that you have bought or sold in the past and the price at which you purchased or sold them. You can view your transaction history by clicking on the “Transaction History” or “Order History” tab on your Demat account dashboard.
Set up alerts
To stay updated on your portfolio, you can set up alerts on your Demat account. You can set up alerts for price changes, news updates, and other events that may impact your portfolio. This will help you make informed decisions about your investments.
Rebalance your portfolio
Finally, you should consider rebalancing your portfolio regularly. Rebalancing involves buying or selling shares to maintain a certain asset allocation. This can help you manage your risk and maximize your returns. You can rebalance your portfolio by consulting with your financial advisor or using online tools and resources.
The final thoughts.
In conclusion, monitoring your portfolio in a Demat account is a simple process. You can log in to your account and check your holdings, market value, unrealized gains or losses, and transaction history. You can also set up alerts and consider rebalancing your portfolio regularly to maximize your returns. By following these steps, you can stay informed about your investments and make informed decisions about your portfolio.