Yes, you can transfer ETFs to another demat account like you
transfer equity shares. Here’s how you can do it:
Steps to Transfer ETFs:
Using Delivery Instruction Slip (DIS):
Obtain DIS: Get the Delivery Instruction Slip (DIS) booklet from your current
depository participant (DP).
Fill Out DIS: Complete the DIS with the following details:
ISIN (International Securities Identification Number) of the ETF.
Name of the ETF.
Number of units to be transferred.
Demat account number of the recipient.
DP ID of the recipient’s broker.
Submit DIS: Submit the filled DIS to your current DP for processing.
Online Transfer (if available):
Log In: Log into your demat account (CDSL Easi-Easiest) online transfer
services.
Initiate Transfer: Enter the required details, such as the ISIN, recipient’s
demat account number, and DP ID to initiate the transfer online.
Important Considerations:
Charges: There may be charges for
transferring ETFs, similar to equity transfers i.e. Rs. 20 plus GST per scrip.
You can also check with your DP for specific fees.
Processing Time: Transfers typically
take a few days, depending on the DP’s procedures.
Accuracy: Ensure all details
provided are accurate to avoid delays or errors in the transfer.