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

  • 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.

  • Charges for dematerialising

Category

Charges + 18% GST

Dematerialisation request per ISIN scheme

50

Dematerialisation request for ELSS funds (per ISIN) investment

50

Courier charges since Upstox has to courier the forms to the RTA

0

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.

  • 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.