Can mutual fund can be bought directly online thru internet or is it compulsory to have demat account to buy MF?
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Can mutual fund can be bought directly online thru internet or is it compulsory to have demat account to buy MF?
Yes, you can do that. Directly from MFs website or ICICI Direct etc.Quote:
Originally Posted by varunuppal
No. It is not required. But you need to have bought MF from that AMC.Quote:
or is it compulsory to have demat account to buy MF?
You need to have folio number, when you buy first time. Later on just mention folio number.
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.
Demat account is not compulsory for mutual funds.