POSTED BY April 5, 2012 10:50 am COMMENTS (7)ON
I have demat account with AXIS (and no trading account).
I want to invest (lumpsum) for first time in MF and I want to keep it in demat form.
Personnel from Axis asked me to purchase the MF off-market (he will guide me for the same) and later convert it into demat form, which will take max 3 days.
Later my plan is to invest lumpsum online in MF, once I get the folio number, after investing one time.
Now, my question is whether the suggested method by axis personnel is the best, convenient and economical?
Are there any other options which I can use and get the MF directly in demat form?