There are 2 modes of holding Mutual Fund investments available on ICICIdirect.com:

• Regular Physical Form: It is the default mode of mutual fund investment through ICICIdirect. In this mode, Mutual Fund investments are backed by Statement of Account (SOA) and you can transact online through ICICIdirect.com or mobile apps. You will not get any physical unit or certificates. You will be able to track all Mutual Funds, view consolidated reports across AMCs and buy/sell MF units online. Units will be held by Registrar and Transfer Agents (RTAs)

• Demat Form (New): It is a relatively new mode of mutual fund investment introduced on ICICIdirect.com & mobile apps. Mutual Fund investments will be held and invested in “Dematerialized” or “Demat” form. You can transact online and will get MF units credited in your demat account. You will be able to track, invest and view statements of all the MF units online through ICICIdirect.com. Units will be held in your linked Demat a/c.

Mutual Fund investors can convert the Mutual Fund units that they hold in physical form (i.e., represented by Statement of Accounts) into dematerialized form in their demat account with any Depository Participant (DP) of NSDL or CDSL. Once Mutual Fund units are in demat form, investors can sell/redeem units online through exchange platforms or through their Depository Participant.

Following are the benefits of holding Mutual Fund units in demat mode:
• View your Mutual Fund units in digitized form along with investments in stocks, ETFs, bonds, etc. in one single place.
• Get a consolidated statement for your all your stock, mutual funds, ETFs and bond investments (DP Holdings Statement).
• Transfer of mutual fund units & Transmission (in case of death) of mutual fund units to nominee is easier in demat form.

You can view your consolidated Mutual Fund holdings (in Demat as well as physical mode) scheme-wise and folio-wise from Mutual Funds link in Portfolio section and Unit Holdings link in Mutual Funds section of ICICIdirect.com.
You can view your consolidated Mutual Fund holdings from Unit Holdings section after clicking on Portfolio value from landing page of Super App.

No. The name and pattern of the holding in Demat A/c must be same in demat account and Statement of Account.
In case of NRIs, if they wish to convert Mutual Fund units from physical to demat mode, Demat a/c should be under NRI status and name & holding pattern should be same in Demat a/c as mentioned in Statement of Account.

For all the redemption transactions, 0.05% of the market values is charged by the DP. ICICIdirect doesn’t charge anything for redemptions.

All Mutual Fund transactions including lump sum purchase, Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), Systematic Withdrawal Plan (SWP) and Switch are allowed.

However, for AMC’s serviced by KFintech, Systematic Transfer Plan (STP) is not allowed. Also, you will not be able to invest in products such as Freedom SIP, One Click Mutual Fund, Smart SIP, LIFEY etc.

Mutual Fund Cut-off time is same for MF units in Demat and Physical form. In both cases, internal cut-off as defined on ICICIdirect.com for Mutual Fund orders will be applicable. Refer disclaimer present on order placement page for ICICIdirect internal cut-off time.