If you hold mutual fund units in physical or statement form, converting them to demat format lets you track and manage them in your FYERS Demat account. This process is known as destatementisation. Here's a step-by-step guide to filling the required forms, submitting documents, and completing the request.
Download the form: Destatementisation Form (PDF)
The destatementisation request form is divided into four parts. You must fill each correctly and courier it along with supporting documents.
Field | How to fill |
---|---|
DP ID | Enter 12089400 (fixed for FYERS accounts) |
Client ID | Your 8-digit FYERS Demat number |
Holder Names | First, second, and third holders as per FYERS records |
Field | How to fill |
---|---|
Folio No. / ISIN | From mutual fund statement |
Scheme Name | Mutual fund and unit name |
Quantity | Mention in figures and words |
Lock-in Reason & Date | Tick "Yes" for ELSS schemes and mention expiry |
Field | How to fill |
---|---|
Signature with DP | Should match FYERS Demat records |
Signature with RTA | Should match with fund house records |
If you want to change the distributor code during destatementisation, fill the “Change of Distributor Code” section and sign.
FYERS Securities Private Limited
901 & 902, 9th Floor, A Wing, Brigade Magnum
Amruthahalli, Kodigehalli Gate, Hebbal
Bangalore – 560092
Scenario | Action |
---|---|
ELSS scheme | Can be dematted; cannot be transferred before lock-in expires |
SIP or STP active | Pause before destatementisation; new units will not reflect in demat |
Multiple folios | Submit 2 DRFs per ISIN/folio |
Name mismatch | Update folio records or submit supporting affidavit |
Last updated: 01 Jul 2025