MF in SOA or DEMAT form ? (Pros & Cons)

How difficult is it to shift units to the new broker if the first broker is completely shutdown (No OTP, no authentication etc)?

Answered a similar query here.

Hi @Sayantan2003 , if a broker has closed operations or defaulted, like in Karvy case, the demat accounts remain safe with the depository. In Karvy’s case, IIFL Securities acquired the demat accounts through a formal bidding process, and clients had to complete re-KYC and submit documents to activate their accounts. Once activated, investors could manage their holdings or transfer them to another broker using DIS or the CDSL Easiest route. Before that, it’s best to contact the depository (CDSL…