General

What is de-materialization or conversion of Mutual Fund units in to Demat mode?

Mutual Fund investors can convert the Mutual Fund units that they hold in physical form (i.e., represented by Statement of Accounts) into dematerialized form in their demat account with any Depository Participant (DP) of NSDL or CDSL. Once Mutual Fund units are in demat form, investors can sell/redeem units online through exchange platforms or through their Depository Participant.