Monday, October 7, 2013

Mutual Fund Units in Dematerialized Form

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In a positive move for MF investors, now mutual fund investors can hold their mutual fund units in dematerialized form. This will help an investor to centralize their investments

For existing mutual fund holdings, the investor has to obtain a conversion request form from his Depository Participant. After verification, the AMC/RTA will credit the mutual fund units into the investor's demat account.

However, this demat holding would entail a charge, much like shareholders paying for their demat accounts.

A demat account for MFs would work much like that for shares. One can subscribe to mutual fund units through one's stock broker using the stock exchange platform. Upon subscription, the Asset Management Company (AMC)/Registrar and Transfer Agent (RTA) will credit the mutual fund units to one's demat account.

National Security Depository Ltd (NSDL) enabled the holding of mutual funds in dematerialized form for its demat account holders. Mutual fund investors can now choose to have their holdings in dematerialized form.

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

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These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

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  5. Birla Sun Life Tax Relief '96 Invest Online
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