Mutual fund units are freely transferable unless restricted; exchange trading requires dematerialised holdings for transfer. Regulation 35 provides that, unless restricted by the scheme, a unit shall be freely transferable; units listed on a recognized stock exchange must be ... Summary
Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018
Mutual fund units are freely transferable unless restricted; exchange trading requires dematerialised holdings for transfer.
Regulation 35 provides that, unless restricted by the scheme, a unit shall be freely transferable; units listed on a recognized stock exchange must be held in dematerialised form for trading. The asset management company must allow transfers as specified by the Board, and units held with a depository are transferable in accordance with depository regulations.
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