PDA

View Full Version : Is demat compulsory for MFs?



varunuppal
22-05-2010, 12:46 AM
Can mutual fund can be bought directly online thru internet or is it compulsory to have demat account to buy MF?

>take
22-05-2010, 12:21 PM
Can mutual fund can be bought directly online thru internet
Yes, you can do that. Directly from MFs website or ICICI Direct etc.

or is it compulsory to have demat account to buy MF?
No. It is not required. But you need to have bought MF from that AMC.

Lethal
22-05-2010, 03:04 PM
You need to have folio number, when you buy first time. Later on just mention folio number.

shrikant
05-10-2010, 12:29 PM
No, it is not necessary to have a DEMAT account to trade in mutual funds. According to the information available on the website of Bombay Stock Exchange, investors can get the forms for mutual funds from agents and distributors of those funds.

sharemarket9
09-02-2011, 01:00 PM
Demat account is not compulsory for mutual funds.