Summary of SOA VS DEMAT HOLDING IN MUTUAL FUND|WHY MY MUTUAL FUND INVESTMENT NOT SHOWING IN MF-CENTRAL|FINOBIT
The video discusses the importance of tracking mutual fund investments and highlights a controversy involving the Grow application. It emphasizes the need for investors to monitor their investments to prevent online fraud. The video explains the difference between SOA and Demat holding in mutual funds, where SOA allows for more flexibility in redemption compared to Demat. It also clarifies that the format in which units are displayed depends on the broker application used. The video recommends keeping mutual fund investments in Demat format for easier tracking. The presenter provides insights into the benefits of each holding method and suggests checking the description for more information on tracking investments.
Notable Quotes
— 01:49 — « You cannot rely on any one broker application because if there is any problem with them, then it will definitely be your statement or whatever things happen through these platforms. »
— 02:16 — « I am doing this, see here your units will either be in demat holding or in SOA holdings. »
— 05:04 — « If you use Zerodha platform, then it will show you in demat format. »
— 06:17 — « If these futures go to Zerodha and get closed, then you will have to open a new demat account with CDSL or NSDL, whichever depository Zerodha deals with, and get the units transferred to it. »
— 08:16 — « You can also log in to third party applications and redeem the money from there. »
Category
Business and Finance