Option to hold units in demat form

Suresh Prasad (www.aubsp.com) (15630 Points)

20 May 2011  

Option to hold units in demat form

 

 

Often investors’ request for dematerializing their units is rejected as Depository Participants are not having/ or having incorrect ISIN of each option of the scheme. In this regard, Mutual Funds/AMCs are advised to obtain ISIN for each option of the scheme and quote the respective ISIN along with the name of the scheme, in all Statement of Account/Common Account Statement (CAS) issued to the investors from October 01, 2011 onwards.