You do not need a demat account to invest in mutual funds. Whether to open a demat account depends on the investor’s requirement and understanding of the product. A demat account is compulsory to trade in equity shares, but owing to the associated benefits of the demat account, depository participants have started offering access to mutual funds through the demat account.
- Upon logging in to the demat account, you will see consolidated reports of all your investments in just a few clicks. Once you have bought mutual fund units, you can also sell them and invest in new funds without having to visit any office.
- Alternatively, mutual funds can be bought directly from fund house websites, independent portals, mutual fund advisors, banks, and transfer agents. Know how to track, purchase, and redeem your mutual funds online with Kotak Securities.