You can transfer your mutual fund holdings out of Coin in three ways:
- Transfer to another CDSL demat account: The transfer can be done online via CDSL easiest.
- Transfer to an NSDL demat account: The transfer is done off-market.
- Transfer to a non-demat mode (Physical mode, RTA Mode or Offline Mode): The mutual fund should be rematerialised from the previous broker or distributor to transfer the units.
Transferring units under lock-in period
There are two ways to transfer mutual fund units which are under a lock-in period:
- Rematerialisation for NSDL account: Locked-in units cannot be transferred in demat mode. If the units are under the lock-in period, they have to be rematerialised and then transferred.
- Closure cum transfer for CDSL accounts: The transfer of units under lock-in can only be done to a CDSL demat account under the same PAN using the closure cum transfer process.
If your employer doesn't allow trading or investing with Zerodha, you can get
Zerodha empanelled as a registered broker with your employer
Transfer charges
- The charges for rematerialisation are ₹ 150 + 18% GST. For ELSS funds, the rematerialisation charge is ₹ 150 per investment. See the tariff sheet (PDF) to know more.
- The first DIS booklet of 10 slips is free. For additional booklets, ₹100 + 18% GST is charged per booklet, along with courier charges of ₹100 + 18% GST.
- Transfer charges of ₹25 per security, per transaction, plus 18% GST, are applicable. For example, if you transfer 10 units of HDFC Balanced Advantage Fund, 5 units of SBI Blue Chip Fund and 2 units of Quant Small Cap Fund in one transaction, the charges would be ₹75 + 18% GST. If you transfer 10 shares of HDFC Balanced Advantage Fund in two transactions, the charges would be ₹50 + 18% GST.
- The stamp duty of 0.015% on the considered amount is paid to CDSL.