Mutual Funds brokerage service

[sayandeb]

I've a bit doubt in this question ... and might be it's a big question for all.

Does the mutual funds brokerage service provide the sip mutual funds units in demat form or in non-demat from ?

I want some clear answer from all of you guys..

1. How Zerodha Coin,  Groww, IndMoney,  Upstocks, Fyers stores mutual funds, demat or non demat ? (If possible give a 2 line review as a user of those brokers)

2. If in future any of those brokerage got down or I want to switch my brokerage service provider how will I transfer my mutual fund investments ? As I don't know if those are stored in demat or non-demat.

3. Which one is better option to have those MFs, demat or non-demat ?

4. In case I want to transfer my funds to one from another broker what will be easiest and fastest process for this ?

Might I will get help from @TaxWiser @zacobite @nikhilchauhan @The INSANE Trader @anuragmukherjee28 @ShavirB

 

[The INSANE Trader]

I've a bit doubt in this question ... and might be it's a big question for all.

Does the mutual funds brokerage service provide the sip mutual funds units in demat form or in non-demat from ?

I want some clear answer from all of you guys..

1. How Zerodha Coin,  Groww, IndMoney,  Upstocks, Fyers stores mutual funds, demat or non demat ? (If possible give a 2 line review as a user of those brokers)

2. If in future any of those brokerage got down or I want to switch my brokerage service provider how will I transfer my mutual fund investments ? As I don't know if those are stored in demat or non-demat.

3. Which one is better option to have those MFs, demat or non-demat ?

4. In case I want to transfer my funds to one from another broker what will be easiest and fastest process for this ?

Might I will get help from @TaxWiser @zacobite @nikhilchauhan @The INSANE Trader @anuragmukherjee28 @ShavirB

1- Demat-based mutual fund platform, Zerodha Coin, Upstox, and Fyers. Groww and INDmoney for non-demat options.
2- You can use the CDSL or NSDL to transfer your mutual fund units to a new brokerage or you can close your demat account with your current broker and request a transfer of all holdings to a new broker.
3- Demat based is best for those who prefer a consolidated portfolio and are comfortable paying small annual and transaction fees for convenience where as non demat is best for investors seeking lower costs and flexibility, especially if they don’t need all investments in one place. If cost is a priority, non-demat is generally the better option according to me, others points may vary in this.
4- This is a long process for explaining it in written format here but in short I am trying to explain it to you Intra-depository or CDSL’s EASIEST feature is fastest for demat accounts. Direct RTA-based transfer using CAMS/KFintech is quickest for non-demat holdings. That's it.

Thank you.

 

[sayandeb]

1- Demat-based mutual fund platform, Zerodha Coin, Upstox, and Fyers. Groww and INDmoney for non-demat options.
2- You can use the CDSL or NSDL to transfer your mutual fund units to a new brokerage or you can close your demat account with your current broker and request a transfer of all holdings to a new broker.
3- Demat based is best for those who prefer a consolidated portfolio and are comfortable paying small annual and transaction fees for convenience where as non demat is best for investors seeking lower costs and flexibility, especially if they don’t need all investments in one place. If cost is a priority, non-demat is generally the better option according to me, others points may vary in this.
4- This is a long process for explaining it in written format here but in short I am trying to explain it to you Intra-depository or CDSL’s EASIEST feature is fastest for demat accounts. Direct RTA-based transfer using CAMS/KFintech is quickest for non-demat holdings. That's it.

Thank you.

Okay.

Let's set a scenario...

I've some MFs in Zerodha Coin and want to transfer those to my new account in Fyers. Then it will be as easy as the share transfer process using CDSL easiest feature ?

And if those are now in Groww I can't transfer those MFs ?

Am I right ?

 

[The INSANE Trader]

Okay.

Let's set a scenario...

I've some MFs in Zerodha Coin and want to transfer those to my new account in Fyers. Then it will be as easy as the share transfer process using CDSL easiest feature ?

And if those are now in Groww I can't transfer those MFs ?

Am I right ?

Yes you can use CDSL easiest.
Why you can't submit a account closure the customer support will guide you further.

 

[nikhilchauhan]

Okay.

Let's set a scenario...

I've some MFs in Zerodha Coin and want to transfer those to my new account in Fyers. Then it will be as easy as the share transfer process using CDSL easiest feature ?

And if those are now in Groww I can't transfer those MFs ?

Am I right ?

You can transfer fund from Groww app as well. You need to use the same feature mainly known as easiest feature or speed-e facility