Transfer Mutual Funds Easily: Step-by-Step Guide
If you invest in mutual funds, there may come a time when you want to transfer your funds from one platform to another — for example, from Groww to Zerodha, Paytm to Kuvera, or from your bank to a direct plan.
Most people think this is complicated, but it’s actually quite simple once you understand the process.
This guide explains how to transfer mutual funds step-by-step, in plain language, without confusing financial terms.
You don’t need to sell your investment — you can transfer it safely without affecting your investment value.
✅ First Understand: Do You Want to Transfer or Switch?
There are two different actions:
| Action | When to Use | Result |
|---|---|---|
| Transfer (Change Platform) | You want to move your existing mutual funds to another app or broker | Your fund remains the same, only platform changes |
| Switch (Change Fund Type) | You want to shift from Regular Plan → Direct Plan or change fund scheme | Your fund type changes, tax may apply |
This guide covers both. But let’s start with Transfer first.
Part 1: How to Transfer Mutual Funds to Another Platform
What You Need
Before you begin, make sure:
- Your PAN card is linked to your investments
- Your name is the same across both platforms
- Your KYC is completed
If not, complete KYC once. It’s simple and most apps verify instantly.
Step-by-Step Transfer (Using CAS Method)
The easiest and quickest way to transfer funds is through CAS (Consolidated Account Statement).
Your CAS is a statement issued by CAMS or KFintech that shows all your mutual fund investments in one document.
Step 1: Download Your CAS
Go to either:
CAMS → https://www.camsonline.com
or
KFintech → https://kfintech.com
- Click CAS statement
- Enter:
- PAN number
- Email or Mobile number
- Verify with OTP
- Download your CAS PDF
(Insert screenshot here)
Step 2: Open the App Where You Want to Transfer
Example apps:
- Groww
- Zerodha Coin
- Paytm Money
- Kuvera
- INDmoney
- HDFC/SBI AMC platforms
Open the app → Look for:
🟢 Import Mutual Funds
or
🟢 Track External Funds
This option appears in:
- Groww → Profile → Import External Funds
- Zerodha Coin → Portfolio → Direct MF Import
- Kuvera → Add External Portfolio
- INDmoney → Track Investments
(Insert screenshot here)
Step 3: Upload Your CAS
- Select Upload CAS
- Upload the PDF you downloaded
- Enter the password (usually your PAN + Date of Birth format)
- Confirm and submit
Your existing mutual funds will now appear in the new platform within 15 minutes to 48 hours.
📌 Important:
At this stage, you have imported, not transferred fully.
Step 4: Convert to “Direct Plan” (Optional but Recommended)
If your current investments are in Regular Plan, your previous broker was earning commission from your investment.
Switching to Direct Plan usually gives 1%–1.5% higher returns.
On your new platform, look for:
- Switch to Direct
- Convert Plan
- Switch Fund
This is usually zero charges, except exit load (if applicable) + capital gains tax (if you had profit and you’re selling while switching between plans).
✅ Your Mutual Fund Transfer is Complete!
Part 2: How to Transfer Mutual Funds from One Demat Account to Another
If Your Mutual Funds Are Held in DEMAT Form
(example: Zerodha Coin, Upstox, ICICI Direct)
You need to use CDSL E-DIS or NSDL speed-e depending on your demat provider.
Step 1: Ask Your New Broker for Their “Demat Client ID”
Example format:12345678 (DP ID) + XXXXXXX (Client ID)
Step 2: Log in to Your Current Broker
Go to:
- Holdings → Transfer Holdings / Off-Market Transfer
Step 3: Enter New Broker’s Demat ID
- Choose Reason → Transfer of account
Step 4: Approve OTP on CDSL/NSDL
Your broker will redirect you → confirm with OTP
⏳ Time taken: 2–4 working days
Part 3: How to Switch from Regular Plan → Direct Plan
Switching improves returns long-term.
Steps
- Open new platform (Groww / Kuvera / Zerodha / INDmoney)
- Import your mutual fund portfolio (as shown above)
- Select the fund → Click Switch to Direct
- Confirm amount and complete
⏳ Processing time: 3–5 business days
📌 If there are taxes or exit load, the app will show it before confirming.
Real Example (Simple & Practical)
Let’s say you have:
| Current Platform | Fund | Value |
|---|---|---|
| Paytm Money | SBI Bluechip Regular Plan | ₹85,000 |
And you want to:
✅ Move it to Groww
✅ Switch to Direct Plan
Then:
- Download CAS from CAMS
- Upload CAS to Groww → Fund appears
- Click SBI Bluechip → Switch to Direct
- Confirm switch → Done
Your new plan will show in 3–5 days.
Mistakes to Avoid
| Mistake | Why Problematic |
|---|---|
| Selling funds to transfer | You may lose gains + pay unnecessary tax |
| Buying jewelry or gold with withdrawal | You lose long-term compounding benefits |
| Switching all funds at once | Do it gradually to avoid exit load |
| Using unknown apps | Risk of incorrect data & poor regulation |
Final Takeaway
Transferring mutual funds is easy, safe, and doesn’t require selling your investments.
Most investors overcomplicate it — but once you understand the steps, it takes less than 15 minutes.
- Use CAS to import your funds
- Switch to direct plans for better returns
- Avoid selling unless necessary
Small change → Higher returns for life.
