In case of physical SIP, client has the option to receive the units either in physical mode or demat mode. If physical mode is selected, units will be maintained at respective AMC’s and holdings can be checked through SOA (Statement of account)
In case client wants the holdings in demat mode, then proper DP details should be mentioned in the application form, accordingly against every purchase, units will get credited into clients demat account.
In case of online SIP, units will be received only demat mode only and will be credited into clients DP account maintained with MOSL
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