Comment on Free ELSS investments on Coin

Darshan Kapadia commented on 30 Jul 2018, 02:08 PM

Hi Nithin,

Your website says the following for The procedure to de-materialize –

“Note: For ELSS funds you will need to submit 2 duly filled DEMAT forms for every date of investment since we will have to generate a dematerialization request number for each purchase date. Also, the transfer of such funds from one DEMAT to another would not be possible due to a lock-in period.”

Question – If I have 80 SIP/ Lumpsum investments on different dates for one of my ELSS investment, then should I have to submit 160 duly filled DEMAT forms to convert it into DEMAT mode or only 2 form will suffice.?

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