How do I move, transfer my existing mutual fund investments to coin?
The process for transferring existing mutual funds depends on how the units are held and is explained below:
Units held in demat mode in
CDSL account: The transfer process can be done online via CDSL easiest. See How can I transfer shares from my Zerodha account using CDSL Easiest?
NSDL account: Submit the following documents to the NSDL DP, i.e., the other broker.
- Delivery Instruction Slip (DIS) which can be obtained from the other broker.
- On the DIS, mention the number of units and the Zerodha demat account number. For the demat account number, visit console.zerodha.com/account/demat .
- Submit the DIS to the other broker.
Example of DIS
Units held in physical mode
The mutual fund units must be dematerialised. See How do I de-materialize my mutual fund investments?
Units under lock-in period
The only way to transfer ELSS mutual funds under lock-in from one demat to another is via closure cum transfer. The locked in units can only be moved to another demat account of the same account holder. If the ELSS scheme is out of the lock-in period or has free units, it can be transferred without any restrictions. To know the procedure of closure cum transfer, see How to transfer shares from the other broker to Zerodha?
To get the CMR copy in case the other broker asks for it, see What is a CMR copy and where can I get it?
After all the documents have been submitted, it takes up to 4 days for the transfer to be completed.