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Question about Gold ETF demat and redemption

Hi Manish and all,

   I have a query about Gold ETF which was taken from ICICI Prudential AMC as NFO. I don’t have any demat account and now I came to know that I cann’t redem or switch this ETF like other Mutual Funds. So please let me know should I need to open a Demat Account just to redeem this? So after opening a demat acccount should I also need a trading account with anyone to sell this or can I redeem just holding it in demat account? Please someone guide me.

Thanks and Regards,

P. Subrahmanyam 

 

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