Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

If an investor is willing to hold on till maturity, Does he needs a demat account?

0

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

0

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

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.