How can I transfer MF from one demat account to another?

The only way to move the locked in ELSS units from one Demat account to another Demat account is by “Closure cum Transfer” of the Demat account. The units in lock-in can be moved to another Demat account which is under the same PAN holder’s name.

Does sharekhan have direct mutual funds?

No, Sharekhan does not offer Direct Mutual Funds. Direct Mutual Funds give additional returns to investors (around 1\% yearly) as the Mutual Fund AMC doesn’t have to pay commission to the agents like Sharekhan. Discount brokers Zerodha, and 5paisa offer direct mutual funds.

Can I transfer my mutual funds from ICICIdirect to Zerodha?

yes you can transfer shares from ICICI demat to the new Zerodha demat. You will get a DP ID when you open a Zerodha demat account. You have to mention this in the ICICI delivery instruction booklet, and submit it back to them. Once they receive, they will transfer it to your new Zerodha demat.

How can I redeem my mutual fund in Sharekhan?

How to redeem SIP in Sharekhan?

1. Visit Sharekhan website or mobile app.
2. Log in and go to Mutual Fund section.
3. Click on the link ‘REDEEM/SWITCH’ button.
4. Select the scheme units.
5. Click on the REDEEM option.
6. Enter the number of units you want to redeem.
7. Click the Submit button.

How can I add mutual fund in Sharekhan?

Select your choice of Mutual Fund and click on Detail. This will list all Schemes available under this Mutual Fund. Select your choice of Scheme and click on BUY. Just fill in the required details and Submit.

Can I switch mutual funds?

You will be required to fill up a form to request for the switch in such cases. You are also provided with the option to switch your existing funds to direct mutual funds in full or partially. Asset Management Company (AMC) Website The third option you have is to perform the switch through AMC websites.