I have Demat & trading account with a reputed stock broker. Apart to this I have several MF's operating in SIP mode in offline for a longer horizon of 15 to 20 years. Here my query is how can I keep my SIP investments in DeMat till the period lasts? Please advise me. Great full for your suggestions and tools you provided for self assessments of different categories of funds?
You can keep your mutual fund investments in Demat account and there is absolutely no problem in that! Contact your broker and obtain dematerialization form from him and fill up the MF details. Here you need the ISIN number of the scheme. You can get the ISIN number of the respective schemes from www.amfiindia.com website or from our website https://www.advisorkhoj.com/mutual-funds-research/mutual-fund-information
After submission of duly filled in dematerialization form to your broker, it becomes his responsibility to complete the process with the respective AMCs and transfer the units to electronic form in your demat account.
Once the units are dematerialized, you can continue to hold the same in your demat account as long as you want and can also buy and sell units through your broker.
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