# How to rematerialize mutual fund from demat form

### Intro 💫 <a href="#intro" id="intro"></a>

There can be some disadvantages and inconveniences for having the mutual funds in *dematerialized* (aka demat) form.

Some of these are

1. Difficult to change the investment platform or DP (**D**epository **P**articipant)
2. Vendor lock-in, where you are locked to the brokerage platform and its subset of functionalities.
3. You will have to pay various charges like annual charges, depository charges etc.

{% hint style="info" %}
Often, you might find it more cost effective to sell your demat holdings through your broker, and re-buy units in non-demat mode in same fund's direct plan; than going through this process.

You should consider the alternative course of action and estimate your costs for both these processes.
{% endhint %}

Below steps will help you to understand how to convert your mutual funds in demat form.

### Steps to re-materialize 👩🏽‍🏫 <a href="#steps-to-rematerialise" id="steps-to-rematerialise"></a>

1. Get 2 copies of Re-materialization Request Form for re-materialization from DP for each ISIN (**I**nternational **S**ecurities **I**dentification **N**umber) / scrip / mutual fund.
2. Submit the form signed by all the holders along with SOA (**S**tatement **o**f **A**ccount), Self attested address proof and PAN to the DP.
3. DP does the verification and process the request.
4. RRN (**R**e-materialization **R**equest **N**umber) is generated for tracking.
5. On confirmation of details provided, the corresponding accepted balance in the BO’s (**B**eneficiary **O**wner) account is reduced from that ISIN balance in the BO’s Account.
6. The AMC / RTA sends the SoA/certificate in physical or electronic form directly to the *Registered Owner*.

{% hint style="info" %}

1. Charges for re-materialization may apply (as decided by the DP).
2. Partial conversion may not be possible.
3. Re-materialization of lien-marked units cannot be done.
   {% endhint %}


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