SEBI allows standing instructions for SWP, STP on demat mutual funds

SEBI allowed standing instructions for SWP and STP on demat-held mutual fund units, previously only available for SOA-held units.

SOA (Statement of Account) holds units directly with the AMC or registrar, while demat holds units electronically in a demat account with NSDL or CDSL.

Demat provides consolidated portfolio management and single nomination, but requires manual initiation before SEBI's move.

SOA may have lower costs, but demat now allows automated SWP/STP via standing instructions akin to SOA.