If an investor is willing to hold on till maturity, Does he needs a demat account?
No. He can hold the units as per the current form. He will get the redemption proceeds at maturity. • Can I switch units out of a FMP before maturity into another scheme? No. The switch can be done only on the date of maturity. • Can I dematerialize the units after allotment but before the date of maturity? Yes. The Unit holder will have to fill in a Request Form for Demat, and submit the same alongwith the account statement to Investor Service Centre. The Unit holder has to ensure that enclosed account statement is defaced by marking “Surrendered for Dematerialisation” on the face of the statement. On verification, the same will be forwarded the Registrar & Transfer Agent (‘CAMS’) to the CDSL/NSDL for dematerialization. • Is it compulsory to mention the ISIN of the Unit while filling up the DRF (Demat Request Form)? Yes, the ISIN of the Unit should be mentioned in the DRF, to ensure that the correct Unit is dematerialized. Separate ISIN will be allotted for each Plan/Option of the res
No. He can hold the units as per the current form. He will get the redemption proceeds at maturity. • Can I switch units out of a FMP before maturity into another scheme? No. The switch can be done only on the date of maturity. • Can I dematerialize the units after allotment but before the date of maturity? Yes. The Unit holder will have to fill in a Request Form for Demat, and submit the same alongwith the account statement to Investor Service Centre. The Unit holder has to ensure that enclosed account statement is defaced by marking “Surrendered for Dematerialisation” on the face of the statement. On verification, the same will be forwarded the Registrar & Transfer Agent (‘CAMS’) to the CDSL/NSDL for dematerialization. • Is it compulsory to mention the ISIN of the Unit while filling up the DRF (Demat Request Form)? Yes, the ISIN of the Unit should be mentioned in the DRF, to ensure that the correct Unit is dematerialized. Separate ISIN will be allotted for each Plan/Option of the res