Mutual funds in demat accounts pave a smooth road3 min read . Updated: 09 Apr 2015, 08:01 PM IST
It is time to collectively re-examine the implementation of demat holdings by the MF industry
The exercise of dematerializing physical shares, which mostly happened in the 1990s, revolutionized the equity market. It dramatically reduced market risk and shortened the turnaround time of transfer, which resulted in the explosion of volume. This happened when dematerialization was made compulsory. Now, dematerialization of mutual fund (MF) units, too, needs to be made compulsory for India’s development and future.
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