Sir
One can buy Mutual Funds thru demat ac. What are the extra charges one has to pay for this method, and how much they work out in % terms.
Secondly, any pros and cons of this method Vs buying thru M F's retail outlet?
Pl advise
Regards
Anand
1 Answers
Dear Anand,
Firstly, Demat account is not mandatory to buy and sell Mutual Fund units.
If you are investing or planning to invest only in Mutual Funds then Demat account may not be required.
If you maintain a Demat account, you may have to pay periodic account charges (these may vary from one service provider to other..)
You may consider investing in Direct plans of MFs through industry sponsored portal like MF Utility.
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