Mutual Fund in Paper form is getting outdated. Although NSDL & CSDL advise everyone to hold their Mutual Funds in their Demat account, the brokers are not willing. As per the regulations, one needs to fill special KYC forms [Know Your Client, as required by the broker as per SEBI guidelines], but it is only a formality. Legally, the information given in KYC is the latest and the brokers need to update their records but in reality, they all act sluggish and do nothing. The KYC requirement is for helping the customers in actually all brokers misuse it and take their own time in finalizing it with CVL {CSDL Ventures Limited] which has been agreed as the holding company for all Mutual Funds AMCs for Demat of the MFs held by individuals. But no MFs get transferred to CVL and every broker holds them on behalf of CVL. I have Sharekhan account and find it extremely elaborate and helpful as against the India Infoline primitive charts, where the back office is worst than government offices. My advise, shall be to use Sharekhan online which helps you to buy & sell MFs and also to see all your holdings with their latest NAVs.