NSDL has introduced facility to hold existing mutual fund units in demat accounts. You can use your existing demat account for converting your mutual fund units in dematerialised form by submitting conversion request to your Depository Participant. You can now have a single Transaction Statement for shares, debentures and mutual fund units. For further information, please visit our website at the following link:
https://nsdl.co.in/nsdlnews/hold-mutual-fund-units.phpProcedure for conversion of Mutual Fund Units into dematerialised form through your Depository Participant (DP)
- Obtain Conversion Request Form (CRF) from your DP.
- Fill-up the CRF.
- Submit the CRF alongwith the Statement of Account to your DP.
- After due verification, the DP would sent the CRF and Statement of Account to the Asset Management Company (AMC) / Registrar and Transfer Agent (RTA).
- The AMC / RTA will after due verification confirm the conversion request sent by your DP and credit the mutual fund units in your demat account.
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