Thank you, @rupeshmandal and @yuvananda for your perspectives.
My main reason to evaluate the non-Demat format was long-term future optionality. Right now, I’m locked-in with Zerodha/COIN for all my investment. Right now, COIN has no charges associated with it.
If in the future, something has to change in terms of charges, I was reviewing the cost associated with switching. Hence, the question. If the charges are for each SIP, then I would’ve rather made that change now itself despite the benefits of having everything in one place.
I came across this; Should I get a Demat Account to buy units in Mutual Funds? - r/IndiaInvestments (gitbook.io)
Also, there were other reasons like STP, SWP, etc. I don’t know if it is possible in Demat format. But if it is possible, then it is a real shame that those features are not available in COIN yet, even after 3-4 years of existence. It would have enabled another level of automation that I’m seeking.
So, I was reviewing the pros-cons of ‘everything on COIN’ vs ‘moving to Kuvera/MFUtility/etc.’ for automating most of my MF investments.
CAMS + Kuvera route sounds interesting. I’ll try that.