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

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