Change Mutual Fund Broker

POSTED BY Nikhil Parchure ON March 13, 2011 2:29 pm COMMENTS (2)

Hi All,

I have some of my MF investments in ICICIdirect.com , now due to charges I have decided to shift to another brokerage house … for MF investments.

I need to transfer my existing MF unit in ICICI direct to new brokerage house. Need some information on how this should be done.

As I have heard , we need to have to mutual funds units assigned in “Offline” status and then request new brokerage house to transfer it in their name. Please correct me if this is correct

When I approached ICICIdirect.com office they have asked me to go main office in Pune to do this which is far way. Is there a more simple method to transfer MF units from one broker to another broker using “Offline” mode.

Thanks in advance

Regards

Nikhil Parchure

 

 

 

 

 

2 replies on this article “Change Mutual Fund Broker”

  1. Jagadees says:

    @Nikhil
    I dont know the procedure regarding other brokerage houses. But for fundsindia platform(which i found to be good and currently using), u can visit following link to know the details about the process of transferring mutual fund units.
    https://www.fundsindia.com/content/node/transferProcess.do
    https://www.fundsindia.com/content/node/quickTransfer.do;jsessionid=CE0A505F2C81B3A72845EA37868079DF

    Regards
    Jagadees

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today