General

What are the different modes of holding Mutual Fund investments on ICICIdirect.com?

There are 2 modes of holding Mutual Fund investments available on ICICIdirect.com:

• Regular Physical Form: It is the default mode of mutual fund investment through ICICIdirect. In this mode, Mutual Fund investments are backed by Statement of Account (SOA) and you can transact online through ICICIdirect.com or mobile apps. You will not get any physical unit or certificates. You will be able to track all Mutual Funds, view consolidated reports across AMCs and buy/sell MF units online. Units will be held by Registrar and Transfer Agents (RTAs)

• Demat Form (New): It is a relatively new mode of mutual fund investment introduced on ICICIdirect.com & mobile apps. Mutual Fund investments will be held and invested in “Dematerialized” or “Demat” form. You can transact online and will get MF units credited in your demat account. You will be able to track, invest and view statements of all the MF units online through ICICIdirect.com. Units will be held in your linked Demat a/c.