In an age that has no dearth of investment options for you to choose from, mutual funds are one of the most sought-after selections. If you wish to invest in a diverse portfolio of securities but want professional fund managers to select said portfolio, then a mutual fund is an excellent choice for you. You can invest in mutual funds through the official website of a particular fund or through a demat account.
A demat account is an account that holds your securities, for instance shares, debentures, or mutual funds, in a dematerialised form. Opening a demat account is a convenient way of holding all the securities in your portfolio in an intangible form, without needing to have actual physical certificates of their ownership. In addition to this, you need not seek the services of a broker to buy or sell securities.
If you are wondering whether you need to open a demat account to buy or redeem units in a particular mutual fund, then the answer is that you do not. You can carry out the purchase or redemption of mutual fund units by directly approaching the support team at the concerned mutual fund. Although you do need to open a demat account to invest in a mutual fund, there are several benefits of demat account opening.
Demat account opening carries a wide gamut of benefits for an investor, including the following.
It is advisable to open a demat account to safely manage your investments in mutual funds. You can visit our official website to open a demat account with Motilal Oswal now. It is also easy to check the Motilal Oswal demat account charges, including the account maintenance charges.
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