What is the procedure to dematerialise Mutual funds into Demat form?

To dematerialise physical mutual funds into demat form, you need to follow these steps:


1. Procedure to dematerialise


1. Dematerialisation Request Form: Fill out the Demat Request Form (PDF) signed in with DP and RTA fields for each ISIN, Fund or Folio (same or different AMC).


You are required to furnish information, including your demat account details, mutual fund folio number, the quantity of units for dematerialization, and other relevant details.


Additionally, please submit the latest Statement of Account (SOA) issued by the AMC (Asset Management Company)/RTA (Registrar and Transfer Agents).


2. Dematerialisation of Units: Upon successful dematerialisation, the mutual fund units will be deposited into your demat account, and you can review the dematerialised units in your demat account statement.


3. Courier the documents to the below address -

Harishchandra Sawant (Upstox),

30th Floor, Sunshine Tower,

Senapati Bapat Marg,

Dadar- W,

Mumbai - 400013


The RTA requires up to 25 days to dematerialise and credit the units to the demat account, after which they will be visible on Upstox.



2. Charges for dematerialising


CategoryCharges + 18% GST
Dematerialisation request per ISIN scheme50
Dematerialisation request for ELSS funds (per ISIN) investment50
Courier charges since Upstox has to courier the forms to the RTA0


It's important to note that dematerialisation of physical mutual fund units may involve certain charges or fees, such as transaction charges, depository charges, or registrar fees. It's advisable to check with your DP, registrar, or transfer agent regarding any applicable charges before initiating the dematerialisation process.


3. Dematerialising ELSS schemes

SIPs should be paused or stopped before dematerialising ELSS. When the investment is not stopped, it will remain in physical or non-demat mode, and only the RTA or AMC will be able to track it.

Dematerialising ELSS schemes will follow the same process as above.


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