New Delhi, Nov. 25 -- The Securities and Exchange Board of India (Sebi) is planning to revisit regulations governing basic service demat accounts (BSDA) to make such accounts more inclusive.

In a consultation paper released on Monday, the market regulator has proposed a set of changes to make BSDAs more reflective of an investor's true, realizable portfolio value.

Demat accounts often facilitate participation of first-time and small investors in India's equity markets. Many new investors begin their journey with extremely small portfolios, sometimes just a few thousand rupees, making annual maintenance charges (AMCs) feel disproportionately high.

Mint explains what these changes are and what they mean for investors.

BSDA is a low-cost...