ELSS in DEMAT
This query is : Resolved
27 February 2011
Can the demat account be used for keeping units of ELSS?
27 February 2011
Yes
I do hold Units in several Schemes (including ELSS) of MFs in my Demat Account maintained by ICICI Securities Ltd
I do hold Units in several Schemes (including ELSS) of MFs in my Demat Account maintained by ICICI Securities Ltd
27 February 2011
Whats the procedure to do the same, if i have it in physical form.
27 February 2011
I adopted following procedure:
(1) Obtained latest statements by visiting CAMS (click Mailback Service option)
(2) I took print-outs and approached ICICI Direct.com Branch with (a) copies of latest statements as above, (b) PAN Card copy and (c) one cancelled Cheque
(3) ICICI Direct.com Branch printed out Transfer-In Applications on which I wrote my signatures and left there
(4) ICICI Direct.com Branch sent my Transfer-In Applications to their HO in Mumbai who in turn sent to respective AMCs and transfers are affected
After my submission, it took about 20 working days. ICICI Direct.com did not collect any chrges from me
I think, similar procedure has to be followed for Deamt Accounts with others also. Please check up. This relieves us of many problems especially for redemption (signature mismatch) purpose
(1) Obtained latest statements by visiting CAMS (click Mailback Service option)
(2) I took print-outs and approached ICICI Direct.com Branch with (a) copies of latest statements as above, (b) PAN Card copy and (c) one cancelled Cheque
(3) ICICI Direct.com Branch printed out Transfer-In Applications on which I wrote my signatures and left there
(4) ICICI Direct.com Branch sent my Transfer-In Applications to their HO in Mumbai who in turn sent to respective AMCs and transfers are affected
After my submission, it took about 20 working days. ICICI Direct.com did not collect any chrges from me
I think, similar procedure has to be followed for Deamt Accounts with others also. Please check up. This relieves us of many problems especially for redemption (signature mismatch) purpose
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