Signature in mutual fund folio

General
1

Hi guys, I have a doubt.

When I started investing in mutual funds for the first time, they didn’t ask for my signature they just verified my KYC using Aadhaar OTP.

Now, I’ve noticed that there’s a mandatory signature field in the mutual fund redemption form, and I’m wondering why that’s required.

I know I can redeem online, but I’m just curious thinking about a worst-case scenario where I lose access to my phone number and email (a disadvantage of the “invest and forget” style of investing).

2

i am talking about soa not demat (forgot to mention)

3

If you are doing offline redemption this might be needed (I am not 100% sure though as I have not done offline redemptions).

Otherwise you can redeem them online via Kfintech or CAMS website. Also, you can log onto the AMC’s website using your PAN number and redeem directly from there too.