Converting physical MF units to demat form rekha, 23 Mar 2013

i have mutual funds in physical form .is it advisable to convert them in demat form. what are the advantages . i have a dp account.

Fintotal Answer

Demat form is more useful in shares or bonds where you would trade them in future. But if you have a DP account and are paying maintenance charges there is no harm in converting your MF units to demat form. In demat form there is no worry of keeping physical certificates. These days MFs investments are going online. You can invest in any fund directly, without an agent, even without a demat account.

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