What if I close my existing demat account and open a new demat account, what will happen to my FMP units?
The unit holder will have to fill out a transfer instruction for delivery (TIFD), which he will have to submit to the DP where he will have a new account. • Do dematerialized units have distinctive or certificate numbers? No. In demat all units are fungible, which means that any unit of an ISIN is similar to any other unit of that ISIN. • How will I get my statement of account? In the physical mode the Unit holder can receive the account statement on request. In the demat mode the Units will reflect in the statement of holdings issued by the DP. The Unit holder can approach his DP for a statement of holdings over and above what he will receive periodically. • How do I sell the units which have been allotted to me in demat form? The Units, which are in demat form can be sold through any SEBI registered stock broker at NSE. The investor will have to approach the stockbroker and follow the procedure, which is ordinarily done to sell securities like equity shares. • Does the order of holdi
