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Convert Mutual Fund Units to Demat!!!!!

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Convert Mutual Fund Units to Demat!!!!!

Last updated: May 24 2010
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  • Convert Mutual Fund Units to Demat!!!!!

    All, there is been a new platform called MFSS introduced by NSE and BSE...here you can trade MF units (which you shouldnt ideally be doing), but you can DEMATERLIAZE your existing MF units - paper account statements into much more stable and safe Demat accounts.... One Demat can hold units for all different Mutual Funds....

    Let SIPs run with the Mutual Funds for an year, and then yearly transfer the Mutual Fund units to your demat accounts..

    Remember - this transfer is not a redemption - and hence no fee should be charged for the transactions...
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