How to Convert Mutual Fund Units Into Demat Form (Destatementisation) in FYERS?
At FYERS, we allow you to convert your mutual fund units from physical or statement form to demat format so that you can view, track, and manage all your holdings in one place. This process is known as destatementisation. Below we guide you through how to fill the form, attach the right documents, and submit your request without delays.
Download the form: Destatementisation Form (PDF)
Step by step guide to converting mutual fund units to demat form
The destatementisation request form is divided into four parts. You must fill each section correctly and courier it to us along with the supporting documents.
Section 1: Account holder details
| Field | How to fill |
|---|---|
| DP ID | Enter 12089400 (fixed for all FYERS Demat accounts) |
| Client ID | Your 8 digit FYERS Demat number |
| Holder Names | First, second, and third holders as per our FYERS records |
Section 2: MF scheme and folio details
| Field | How to fill |
|---|---|
| Folio No or ISIN | From your mutual fund statement |
| Scheme Name | The full name of the mutual fund scheme |
| Quantity | Mention in figures and also in words |
| Lock in Reason and Date | Tick Yes for ELSS schemes and enter expiry only if under lock in |
Section 3: Signatures
| Field | How to fill |
|---|---|
| Signature with DP | Must match the signature in our FYERS Demat records |
| Signature with RTA | Must match the signature with the mutual fund or RTA |
Section 4: Distributor code and submission
If you want to change the distributor code during destatementisation, fill the Change of Distributor Code section and sign it.
Required documents
- 2 signed DRFs per folio or ISIN
- Self attested mutual fund statement or SOA
- Self attested PAN copy
- Affidavit if there is any name mismatch
Courier address
FYERS Securities Private Limited
901 and 902, 9th Floor, A Wing, Brigade Magnum
Amruthahalli, Kodigehalli Gate, Hebbal
Bangalore, 560092
Fields to leave blank
What If...
| Scenario | Action |
|---|---|
| ELSS scheme | Units can be dematted but cannot be transferred until lock in ends |
| SIP or STP active | Pause the SIP or STP before destatementisation. New units will not reflect in demat |
| Multiple folios | Submit 2 DRFs per ISIN or folio |
| Name mismatch | Update details with the fund house or attach a supporting affidavit |
Last updated: 18 Nov 2025
Related Articles
How Long Will It Take for Mutual Fund Units To Show Up in My FYERS Account?
Mutual fund units usually take 2 to 3 working days after payment to show up in your FYERS Demat account. The exact timing depends on when your funds reach ICCL, the AMC/RTA’s processing cycle, and the payment method used. Typical Timeline (Working ...How Can I Transfer My Existing Mutual Funds From the Fund House to FYERS?
Mutual fund units held directly with fund houses (in statement or physical mode) can be transferred to your FYERS Demat account through an offline dematerialisation process. This allows you to manage and track all holdings in one place under your ...When Will Mutual Fund Units and Purchase Details Be Available in My FYERS Account?
When you place a mutual fund order on FYERS, your units and purchase details are not reflected immediately. The allocation process depends on factors like scheme type, payment method, cut-off timings, and settlement cycles handled by the AMC and the ...How Do I Convert My Physical Share Certificates Into Demat Form With FYERS?
At FYERS, we help you convert your physical share certificates into demat (electronic) form so you can securely manage, transfer, and trade your holdings. This guide walks you through each section of the Dematerialisation Request Form (DRF) and the ...How Can I Pledge My Mutual Fund Investments to Get Collateral Margins in FYERS?
We allow you to pledge approved mutual fund units to receive collateral margin, which can be used for trading in Futures & Options (F&O) and currency derivatives. This allows you to leverage your long-term investments without liquidating them. The ...