Changing of holding pattern in Mutual Fund Folios

POSTED BY arupsanyal2002 ON April 5, 2012 7:10 pm COMMENTS (3)

Both myself and my wife are joint holders in my mutual fund folios while I am sole holder in demat account holding of my equity portfolio .
Now, for consolidation of these two portfolios, I would like to convert the mutual fund folios to demat form and transfer same in an existing demat account( with Kotak Securities) of which I am the sole holder.

Since the holding pattern in the physical MF folio should match with that in the demat account, my query is, whether I shall open a new demat account of joint holding with my wife, then convert and transfer the MF folio to this new demat account. After the same is done, can I transfer this holding from this Joint Demat account to my single holding demat account?


3 replies on this article “Changing of holding pattern in Mutual Fund Folios”

  1. says:

    No, my basic aim is to consolidate my MF portfoilio with the equity portfolio. And since I already have my bank account, trading account and demat account all at one place( Kotak) , would not like to open another account.

    1. Dear Arup, In that case a new Demat account under joint ownership should be open or ask Kotak, ;ll they allow a temp. demat account for this consolidation service. As far as I know, Icici-direct was offering such consolidation service for old physical shares scattered under different names in a family & joint ownership in different combinations.



  2. Dear Arup, if keeping your units online/electronic is your aim, I w’d ask you to use or



Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.