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Is it necessary to have a demat account to invest in mutual funds using Mutual Fund Software?

Source: https://redvisiontechnologies.com/

No, it is not mandatory to have a demat account to invest in mutual funds using Mutual Fund Software. However, it is recommended to have a demat account for seamless transactions.

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Is it necessary to have a demat account to invest in mutual funds using Mutual Fund Software?
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Is it necessary to have a demat account to invest in mutual funds using Mutual Fund Software?
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