I have not used 3rd party apps for MF investments before. Have couple of questions
Q1. Will Investments made via Coin show up in MF website Accounts?
Q2. Will Investments made via Coin show up in CDSL/NSDL CAS Statements?
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Q1. Yes but I think we can’t transact in the coin folio via the MF website
Q2. Yes in the MF in demat account part
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hey, there are two forms of holding mutual funds. one is demat form and the other is folio form. when u directly buy form a MF website, you are basically allotted units in folio form.
but, when u buy from 3rd party aggregators like zerodha coin, you will get them in demat form. there are advantages of holding in demat form as you can buy an MF company Funds and hold them all in a single place.
with MF websites, u need to create an account with each one if u like a fund from a new company in which u dont hold account.
If I already have account in ICICI Prudential MF, will an icici equity fund invested through coin show up in ICICI Pru MF website when I log in there? I assume they will.
No. they wont i guess.
Some MF websites may not show your investments because they have issues showing MF units in demat. But you can verify your investments in the CDSL demat holdings statement.
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