Hi,
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?
Regards,
Arup