Can DHAN provide the service for DEMAT conversion for all MFs Unit hold under either paper or Portfolio hold with its Issuers ??
Say … MFs units issued by following…
HDFC, Kotak, Nippon India Mutual Funds
Hi @D_Saha Your MF units when is SOA Format are held with the RTAs. They need to provision the facility to convert the same to Demat form, as an intermediary - this is something where we can’t do much.
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What is understood for MFs holdings, so far as per interactions with Saurabh as on 02.08.2025…
A] If MF holdings (SOA) are under “Regular Plan” then
A1] MF holdings (SOA) are to be converted to DEMAT a/c through RTA (Karvy / CAMS) only by physical form / request submission only.
A2] It can not be transferred to DHAN Demat a/c.
A3] If by mistake it is transferred to DHAN Demat a/c it can not be sold through Dhan platform…
B] If MF holdings (SOA) are under “Direct Plan” then
B1] MF holdings (SOA) are to be converted to DEMAT a/c through RTA (Karvy / CAMS) only by physical form / request submission only.
B2] It “CAN BE” be transferred to DHAN Demat a/c.
B3] If “it is transferred to DHAN Demat a/c” then only it is eligible for margin funding through Dhan platform…
B4] If “it is transferred to DHAN Demat a/c” then only it can be sold through Dhan platform…
Happy Investing in MFs …