Is there a better mode to hold your mutual fund investments?

Are you approaching your long-term goal and planning to use SWP (systematic withdrawal plan) to protect your hard-earned corpus from short-term market volatility? Do you have a large amount of cash and are planning to use STP (systematic transfer plan) to effectively spread your investment over some time? Do you wish you could appoint separate nominees for separate funds? If you answered 'yes' to any of these questions, it's time you check how you store your mutual fund investments. If your fund investments are in demat mode, consider switching to Statement of Account (SoA), as it offers several benefits such as SWP, STP and multiple nomination options. What's more, SoA doesn't levy additional charges associated with the demat method. We at Value Research also feel the SoA form is a better option. So, let's check how you can check the mode of mutual fund holding and, if needed, make the transition. How to check your m

This article was originally published on August 21, 2024.