Mutual fund transfers eased: demat no longer mandatory for unit movements

India’s market regulator simplified mutual fund unit transfers by allowing nondemat transfers for scenarios such as gifting within family, adding joint holders once a minor turns major, or updating nominees after a holder’s demise. The move is intended to reduce friction for investors, broaden access, and speed post-transaction processing without mandating demat accounts. Asset managers and registrars will align operational workflows to the relaxed framework. The change follows a broader push to streamline processes and enhance investor convenience in India’s mutual fund ecosystem.