Partner Helpdesk

As per SEBI directive, mutual fund units held in the non-demat mode i.e. statement of accounts (SOA) can now be transferred without dematerialization and can be availed across all mutual fund schemes except ETFs. This online-only initiative is designed to simplify the transfer process while minimizing the risk of fraudulent transfers.

Gifting of units: 

1. Investors can gift mutual fund units to family members or third parties under Resident/Non-Resident Individual Category.
2. Gifting of units is allowed preferably to own family members like Spouse, Son, Daughter, Dependent parents/In-laws. 
3. As of now, no Gift Deed or any other associated document would be insisted but if warranted, AMC/RTA may withhold, seek the documentation before processing such transfers.
4. Stamp duty not applicable, Cost value will be calculated from the date of original transaction in the transferor folio.
   

Important validations applicable to the above transfers are provided below for your reference.

• Investors under the Individual category (RI / NRI excluding Minors) are eligible to transfer the units.
• This facility can be availed only through online mode through the following channels.
  
  Registrar and Transfer Agent (RTA) website/digital portals (CAMS, KFintech)
  AMC’s official website/ Digital portals and MF Central (integration with CAMS / KFintech)
  
  
• KYC of all the holders should be "KYC Validated, both in the Transferor and Transferee folios.
• ETF, Units under the Solution oriented schemes such as Children's Schemes and Retirement schemes are excluded for Transfer.
• For NRI customers, TDS will not be computed and deducted by RTA during the transfer process and the same needs to be handled by the transferor while filing his Tax returns.
• If the units are transferred to a different holder(s), then OTP confirmation is required from both the Transferor and Transferee with in a stipulated timeline, to submit the request.
• There is no restriction except for 10 days cooling period on the number of transfers that can be initiated from a folio.
• Transfer-Out in Transferor folio would reflect as Redemption/Outflows and Transfer-In in Transferee folio would reflect as Purchases/Inflows.
• Partial transfer of units is permitted. 
• Gifting of units, once executed, cannot be cancelled
• No exit load is deducted during transfers

CAMS link:  https://digital.camsonline.com/transfer

Kfintech link : https://mfs.kfintech.com/transferofUnits/

MFCentral: https://app.mfcentral.com/links/transfer-of-units

We would like to inform you that, the transfer requests shall be processed within T+2 working days, where T being the date of submission of the request.

Brief Snapshot:

Process Flow: