Comment on Start investing in mutual funds @ Zerodha

Karthik Makam commented on 24 Feb 2016, 04:43 PM

I have been desperately waiting for Zerodha to start this. I am very excited to use!!

However, I don’t understand about the CDSL thing. I have my DMAT in IL&FS. Does this mean, I need to have Zerodha create another CDSL DMAT? Also, if I do go ahead for the CDSL account, would Zerodha transfer all my existing holdings from IL&FS to new CDSL?

If not wouldn’t it be confusing to have 2 DMAT accounts which also would be unnecessary. Suggest me the right and optimal solution and I will proceed with that.

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