Dematerialising Mutual Funds

I have been investing in mutual funds for a long while. Over the years I have even bought a number of shares since I dabble in stocks on and off. I remember I used to buy shares when the delivery was physical and how important the share certificate was. I would be terrified of losing it. Now of course, it is compulsory for shares to be demateralised. My broker suggested I do the same with my mutual fund units. Then I would not have the problem of losing my statements. Moreover, I will have all my investments at one place only. That would help me get an aggregated view of it all. That for me is most convenient. Do you agree with me or are there some issues I must be concerned about? Is it a detailed procedure? -- N Narayan A lot of investors are pretty lured by the notion that once they demat their mutual fund holdings life gets much more convenient. Maybe. But actually, it's not impossible now

This article was originally published on June 22, 2011.