Is it possible for the channel investor to convert his holdings from the physical mode to demat mode?
Yes. The conversion process defined in (6) above for the normal investors will apply to such investors. • Will I get the redemption proceeds if I hold in units in demat form till maturity? Yes. The Unit holder will get the redemption proceeds directly into their bank account linked to their demat account if he holds the units in demat form till maturity. • If there is no PAN in the demat account, but there is one submitted at the time of application. The Units cannot be allotted in demat form, in case your demat account is frozen / in activated by the DP on account of non- submission of documents, such as PAN. Therefore, submission of PAN alongwith the application form alone will not be sufficient to process the application for allotting units in demat mode. • How will I get my dividend proceeds? For Unit holders in the physical mode the dividend will be paid in the bank mandate indicated in the folio/application form according to the payout mode opted for. For Unit holders in the dema
