Transferring MFs and SGBs from Zerodha Coin to Axis for meeting Magnus Burgundy 30L TRV

[j_s]

For someone who does Direct MF, there is no reason whatsoever to switch to Regular MF especially that of a bank where there is no value addition as an MFD. It's simply Direct investing with higher expenses.

 

[statusquo]

Has anyone done the transfer so far? I am looking to do the same fairly soon.

Is holding 1 cr of demat holdings sufficient to maintain Burgundy status? I will be having the 1 cr through a combination of dematerialized direct mutual funds, and SGBs.

 

[saurabhduasd]

It won't get counted is my understanding as somewhere in there TnC they stated only if we buy from axis then it will count, let us know if it goes through this way