Pursuant to SEBI Circular no. CIR/IMD/DF/9/2011 dated May 19, 2011, now investors of Kotak Mahindra Mutual Fund would have an option of holding the units in demat form with effect from October 01, 2011.
Investors will have to provide the demat account details in the application form along with the supporting documents evidencing the accuracy of the demat account.
However, the option of holding units in demat form is not being currently offered for SIP/STP/SWP investments registered directly through Kotak Mahindra Asset Management Company Limited / Registrars and Transfer Agents, and also for dividend options having dividend frequency of less than a month.
Investors are requested to get in touch with Investor Service Centres (ISCs) of Kotak Mahindra Mutual Fund or their respective brokers for further details.