Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is it compulsory to hold units in demat form?

compulsory demat form hold units
0
Posted

Is it compulsory to hold units in demat form?

0

The investors applying for subscription of units of HDFC FMP 14M February 2008 (1) and HDFC FMP 13M March 2009 (1) would have an option to hold the Units either in physical form or in demat form. • Can units under the Plans be held partially in physical and demat form by the Unit holder? Yes. However, Unit holders must use separate application forms for investing simultaneously in both i.e. physical form and demat form. • Will these units be automatically listed on a stock exchange? The Units issued in demat form will be listed on the capital market segment of the National Stock Exchange of India Limited (NSE) within 30 days from the closure of NFO. In case a Unit holder wants to hold units in a demat form he will have to give the details of his demat account in the space provided in the application form. It will not be automatically allotted in demat form without the requisite details. • Is it possible to redeem units before maturity of the FMP? No, the units cannot be redeemed before

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123