Can a channel investor apply for the units in demat form?
Yes. The channel will have to provide the demat details in the channel feed at the time the file is sent to the Registrar & Transfer Agent (‘CAMS’). The provision for the said codes is already there in the existing transaction feed format. • How can I change the non-financial details for units held in demat form? The request for any change in non-financial details is required to be informed to your DP. If any request is received from such investors at any of the official points of acceptance at the AMC, the same will be summarily rejected and necessary intimation will be sent to the respective investor. • Is it possible for the channel investor to convert his holdings from the physical mode to demat mode? Yes. The conversion process defined in (6) above for the normal investors will apply to such investors. • Will I get the redemption proceeds if I hold in units in demat form till maturity? Yes. The Unit holder will get the redemption proceeds directly into their bank account linked to
Yes. The channel will have to provide the demat details in the channel feed at the time the file is sent to the Registrar & Transfer Agent (‘CAMS’). The provision for the said codes is already there in the existing transaction feed format. • How can I change the non-financial details for units held in demat form? The request for any change in non-financial details is required to be informed to your DP. If any request is received from such investors at any of the official points of acceptance at the AMC, the same will be summarily rejected and necessary intimation will be sent to the respective investor. • Is it possible for the channel investor to convert his holdings from the physical mode to demat mode? Yes. The conversion process defined in (6) above for the normal investors will apply to such investors. • Will I get the redemption proceeds if I hold in units in demat form till maturity? Yes. The Unit holder will get the redemption proceeds directly into their bank account linked to
