- 15 Jun, 2017

Do I need a Demat Account for investing in mutual funds?

2 Answers 140 Answer this Question

Sachin Tiwari

18 January, 2018

No, is the answer. Demat account or dematerialized account is used by shareholders for the purpose of trading. In case of mutual fund investments, you are not required to have to have a demat account. However, make sure that your KYC is done.
Hope it helps.

Chinmay Dave

27 October, 2018

Demat account is mandatory for trading and not required for investing in mutual funds. You can use your normal bank account for the transaction purpose. In case of SIP, the monthly investment will be directly deducted from your bank balance.

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