Yes, if you choose to invest in mutual funds through demat mode, the units will be credited directly to your existing demat account with Lakshmishree.
At Lakshmishree, you have the option to invest in mutual funds in two ways:
- Demat Mode – If selected, the mutual fund units will be credited to your Lakshmishree demat account. You can view and track them along with your other holdings.
- Non-Demat (SOA) Mode – If you invest through Statement of Account (SOA) mode, the units will be held in physical form by the AMC and RTAs. These units will not reflect in your demat account, but you can still track them through Lakshmishree’s platform or the respective AMC’s statements.