New Delhi, March 5 -- Indian investors no longer need multiple brokerage accounts, as modern trading platforms now offer a wide range of services in one place. These platforms are ever evolving and extremely efficient. Still, is sticking to a single account a smart choice, or does it make financial planning more complicated? Let's explore the pros and cons.

It gives the convenience of maintaining segregated portfolios by strategy or asset class. There is, for example, an account to keep for equities investment long term and another for intraday or derivative trading. Segregation simplifies the portfolio management as well as the tracking of performance.

Further, most of the different brokers offer something unique to users with distinct...