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A bit erroneous understanding. For some teams, they are part of covered employee, and they can only use hdfc securities or Kotak securities.
Rest of the people can use anything.
Thank you for your response. I just have one more question — if someone is part of the Cover employees group, can they still use Zerodha for mutual funds? I heard that having a Zerodha demat account is not allowed at all, even for mutual fund investments. Could you please confirm?
I joined as automation tester last week in the induction they were telling blah blah about these stocks and stuffs. how to know more about it
i have accounts in motilal oswal and am doing some sips and stocks so you are telling i have to stop it ?
If they are allowing mutual funds in Zerodha, then the Zerodha Demat account must stay active by default. So, saying mutual funds in Zerodha are allowed but the Zerodha Demat is not allowed sounds like a contradiction—because Zerodha keeps mutual fund units in Demat form.
If Zerodha’s Demat account is not allowed, then you’ll need to move your mutual funds too.