Destatementisation (MF Conversion → Demat) Offline Process through DP ?

Destatementisation (MF Conversion → Demat) Offline Process through DP ?

Investors can submit a destatementisation request through Depository Participant (DP) to convert mutual fund units—specifically, converting physical mutual fund units (held as Statement of Account, or SOA) into demat form.

Timeline: Typically processed within 7 business days from DP receiving complete documents

1. Obtain the Conversion Request Form (DRF) from your DP.

2. Fill in the DRF — ensure names, folio number,ISIN
holding pattern match your demat and SOA records.

3. Submit DRF + Statement of Account (SOA) Self Attested to DP.

4. DP validate and forwards document to RTA, which relays to the RTA.

5. RTA verifies and authorizes. Units are credited to your demat account.

In case of mismatch or issues (e.g., incomplete signature, unit balance discrepancy), RTA may reject and notify DP.

RTA is expected to act within 15 days after receiving documents.

CHARGES FOR OFFLINE - 150 + Courier Charges per ISIN

    • Related Articles

    • What is Destatementisation (MF Conversion → Demat)?

      Destatementisation is the process of converting mutual fund units held in physical form into electronic form, by transferring them to a demat account held with a Depository Participant (DP). This allows investors to hold, manage, and transact mutual ...

    • What is the Offline Individual Account Opening Checklist?

      Offline Individual Account Checklist — Infinn 1.Download and complete KYC form Visit infinn website to download the KYC form. Print the downloadable form, fill in required details, and sign the form where required. 2.Prepare and attach required ...

    • What is Restatementisation (Demat → SOA)?

      Restatementisation is a process of converting mutual fund units held in demat form back into Statement of Account (SOA) form, which means the units are moved out of your demat account and recorded directly with the Asset Management Company (AMC). ...

    • How do we figure out how many shares are pledged of a particular scrip?

      You can see your pledged stock from the back office under the Demat holdings. There, you can see all your DP details like Pledge stocks, Pledge Value, Var, DP lock stocks, quantity, and var percentage of the scrip. You can also check your pledged ...

    • What are the Documents or Checklist required to open a FPI account?

      Documents required to open a FPI account are: - Pan Card Copy of the investor. Address Proof Copy of the investor. Required Board resolution. MOA prospectus etc.). Certificate of Incorporation. FATCA or CRS Form or KYC Form. Copy of POA given in ...