Is Demat A/C mandatory to invest in Mutual Funds ?

Demat A/C is only needed if you want to trade in stocks.
You donot need a demat account to invest in mutual funds. You simply have to fill in the application form of the FundCompany whose mutual Funds you want to buy. For redemption also there are forms which you get directly from the Fund House or a financial consultant.

Though you can apply online also in mutual funds for which you need a Demat account eg www.icicidirect.com

But to invest only in mutual funds you donot need a Demat Account.

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