Option to hold Units in dematerialized (demat) Form

The Unit holders/investors would have an option to hold the Units in dematerialized form. The Applicant intending to hold units in dematerialized form will be required to have a beneficiary account with a Depository Participant (DP) of NSDL/CDSL and will be required to mention, in the application form, the DP ID Number and the Beneficiary account number of the applicant held with the DP at the time of subscribing to the units. Applicants must ensure that the sequence of the names as mentioned in the application form matches with that of the beneficiary account held with the DP. Names, PAN details, KYC details etc. mentioned in the Application Form will be verified against the Depository records. Only those applications where the details are matched with the depository data, will be treated as valid applications. In case the demat details mentioned in the application are incomplete/incorrect or do not match with the depository records, the application shall be treated as invalid for processing under demat mode and therefore may be considered for processing in non-demat form i.e. in physical mode if the application is otherwise valid.

Option to convert the units held in SOA mode to Demat mode or Demat mode to Remat Mode

In case, the Unit holder desires to hold the Units in a Dematerialized/Rematerialized form at a later date, the request for conversion of units held in non-demat form into Demat form or vice versa should be submitted alongwith a Demat/Remat Request Form to their Depository Participants. Investors should ensure that the combination of names in the account statement is the same as that in the demat account.

The allotment of units in demat form shall be subject in terms of the guidelines /procedural requirements as laid by the Depositories (NSDL/CDSL) from time to time. Units held in demat form will be transferable subject to the provisions laid under the respective Scheme(s)/Plan(s) and in accordance with provisions of Depositories Act, 1996 and the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996 as may be amended from time to time.

In case of Exchange traded Funds, Units of the scheme shall be available and compulsorily be issued/repurchased and traded in dematerialized form.

Redemption by investors who hold Units in dematerialized Form

Unitholders who have opted to hold and are thereby allotted units in dematerialized form will receive payment of redemption/IDCW proceeds into bank account linked to their Demat account.

Redemption request for Units held in demat mode shall not be accepted at the offices of the Mutual Fund/AMC/Registrar. Unit holders shall submit such request only through their respective Depository Participants. In case of demat redemption, process of authentication as laid down by the Depository Participants shall be followed. Process of Two-Factor authentication as laid down by the Depository Participants shall be followed. Payment of redemption/IDCW proceeds will be made to the bank account linked to their Demat account.

Switch by investors who hold Units in dematerialized Form

Special Products/Facilities such as Systematic Withdrawal Plan, Systematic Transfer Plan and Switching facility offered by Mutual Fund shall be available for unitholders under the scheme in case the units are held/opted to be held in physical (non-demat) mode.

Any Change in Investor’s Profile who holds units in denaturized Form

If investor holding units in electronic (demat) form wishes to change the bank account, or any change in his/her profile, then he needs to contact his DP (Depository Participant) and the process laid down by the DP should be followed in this regard.