Do You Need a Demat Account for Mutual Funds?

Think of a Demat account like a digital safe for your investments.

You don't always need one for mutual funds, like when you buy them directly.

However, if you have ETFs (a certain type of mutual fund) or closed-end funds traded on exchanges, you do need a Demat account.

It's useful because you can see all your investments in one place, and things like dividends are automatically added.

It's also safer and makes it easier to move your investments around.