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How to transfer mutual funds out of Coin?

There are three ways to transfer mutual fund holdings out of Coin:

  1. Transfer to another CDSL demat account: The transfer can be done online via CDSL easiest. To learn more, see How to transfer shares from the Zerodha account to other CDSL demat account using CDSL Easiest?
  2. Transfer to an NSDL demat account: The transfer is done off-market. To learn more, see How to transfer shares from my Zerodha demat account to another demat account offline?
  3. 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. To rematerialise, see How to rematerialise mutual funds?

There are two ways to transfer mutual fund units which are under a lock-in period:

  1. 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.
  2. 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. See How to close the Zerodha account? to know more.

If your employer doesn't allow trading or investing with Zerodha, see How do I get Zerodha to empanel as a registered broker with my employer?

Transfer charges:

  • The charges for rematerialisation are 150 + 18% GST. For ELSS funds, the rematerialisation charges 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.
  • The charges for transferring mutual funds in an off-market transaction are 0.03% of the transfer value or 25 + 18% GST, whichever is higher.
  • The stamp duty of 0.015% on the considered amount is paid to CDSL.