Are the fund units held in my name or via an omnibus account?

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• Where would the units of the DSP fund be held after investment and is there an Indian Demat account required for it?

  The units are held at CAMS and via the PAN + DOB, we fetch CKYC number which helps us connect the units to the already existing DEMAT.

• My name on Vested is different from the name as per my bank account. Will this be a problem?

  We would recommend you to have the name on your Vested account exactly as per the bank account name to avoid delays or issues during the fund transfer. To change your name on Vested as per your bank account name, please share a clear image/ PDF of ...

• What protections (e.g., SIPC or equivalent) cover the fund units in this custody arrangement? What happens if vested ceased operations? How do I access the bought units

  SIPC insurance and similar protections do not apply to these funds, as they are domiciled in Europe—specifically Luxembourg—rather than the United States. Regarding scenarios where Vested or DriveWealth cease operations; we are actively developing a ...

• Which legal entity is going to be holding the mutual fund units? Is it DriveWealth or another entity?

  DriveWealth is our clearing broker, helping with the processing of Orders and Unit allotment. The actual Global Fund units are held with the custodian. In our case the custodian is AllFunds (https://allfunds.com/en/). They are one of the largest, if ...

• Are Global Fund units sold under the FIFO or LIFO method?

  The global fund units are sold under FIFO method. Hence, the units purchased first will be sold first.