Rematerialisation (“Remat”) is the process of converting securities held in electronic form in a Demat account back into physical share certificates.

Forms Required

  1. Rematerialisation Request Form (RRF) 
    • Available with Client Depository Participant (DP)
    • Separate RRF may be required for each ISIN or folio 
  2. Client Master Report (CMR) (if requested) 
  3. PAN Copy / Aadhaar Copy (if requested by DP) 
  4. DP Acknowledgement Slip 

Client can obtain the RRF from DP such as:

  • Zerodha
  • Groww
  • Kotak Securities
  • ICICI Direct
  • HDFC Securities
  • Any NSDL/CDSL Depository Participant 


Step-by-Step Rematerialisation Process

Step 1: Request Initiation

  • Investor submits a duly filled and signed Rematerialisation Request Form (RRF) to the Depository Participant (DP). 
  • Investor must ensure sufficient securities are available in the Demat account. 

Step 2: Document Verification (TAT: 0 t- 3 days)

The DP verifies:

  • Client signature 
  • DP ID & Client ID 
  • ISIN details 
  • Quantity of securities 
  • Completeness of the form 

Ensure:

  • Names match exactly with the Demat account 
  • Sufficient free balance is available in the account 

Step 3: System Entry & Securities Blocking (TAT: 4 -7 days)

  • The client submits the signed RRF to the DP (Broker/Bank). 
  • DP enters the rematerialisation request into the NSDL/CDSL system. 
  • DP verifies the details and blocks the securities in the client’s Demat account. 
  • A Rematerialisation Request Number (RRN) is generated. 

Step 4: Request Forwarding (TAT: 8 -15 days)

  • DP forwards the request electronically to the Depository (NSDL/CDSL) and the concerned Registrar & Transfer Agent (RTA). 

Step 5: Verification and Certificate Dispatch (TAT: 16 - 30 days)

The RTA:

  • Verifies the request 
  • Prints and Dispatches the physical share certificates to the investor’s registered address 

Step 6: Followup at Assetplus.

  • Client share a Copy of Physical Certificate
  • OPS team follow up to ensure the holding are reflected on the dashboard.

Timeline:

  • Average processing timeline: 15–30 working days


Frequently Asked Questions:

1. What is Demat to Remat? 

    Conversion of mutual fund units from Demat form into physical/SOA form with the AMC/RTA. 

2. Is Remat the same as redemption? 

    No. It is only a conversion of holding mode; the investor continues to own the units. 

3.Will the number of units change? 

    Normally no, subject to standard RTA processing and reconciliation. 

4. Where should the request be submitted? 

    Through the applicable Depository Participant (DP), who forwards it via the depository mechanism to the RTA/issuer. 

5. Can the investor submit directly to the AMC/RTA? 

    Generally no — the DP/depository route is typically involved for units held in Demat form. 

6.What details are required in the form? 

    Investor/account holder name, Demat/BO ID, DP ID, ISIN, AMC and scheme details, units to be rematerialised, folio details (if any), signature(s), and other prescribed fields.

7. Can only some units be rematerialised? 

    Yes, partial Remat is generally possible, subject to applicable rules and minimum/whole-unit requirements. 

8. What happens to units in the Demat account after submission? 

    Once processed, the units move to non-Demat/SOA form and are no longer held in the Demat account for that quantity. 

9. Will a new folio be created? 

    Not necessarily — units may map to an existing folio where details match; otherwise the RTA may create/assign one. 

10. Will purchase date and cost of acquisition change? 

    No — historical transaction and cost details are retained. 

11. Is there a tax implication? 

    Generally no on the conversion itself; tax arises on subsequent transfer/redemption/sale, per applicable law. 

12. Can units be redeemed after Remat? 

    Yes, once reflected in the applicable folio/SOA, as permitted under AMC/RTA process. 

13. Can units be switched after Remat? 

    Yes, subject to scheme and transaction rules, once available in folio/SOA mode. 

14. How long does Remat take? 

    Depends on Depository, DP and RTA/AMC, and completeness of the request; Ops follows applicable RTA/depository TAT. 

15. Is Remat reversible? 

    Yes — the investor may subsequently re-dematerialise, following the applicable process in reverse, subject to scheme/RTA/depository facilities.