Comment on Start investing in mutual funds @ Zerodha
commented on
10 Apr 2016, 09:42 PM
You’ll have to get your trading and demat account opened at Zerodha. Once the account is opened, you’ll have to transfer all your holdings including Mutual funds to your newly opened Zerodha demat account by filling the Delivery Instruction Slip from ICICI and submitting it to them. If its a transfer cum closure, then ICICI wouldn’t charge you anything for the transfer, if you’re only transferring, they would charge you a transaction fee for transferring.
Your Zerodha Account would get opened within 48 hours subject to all documents being right. Transfer of shares shouldn’t take more than a day from the time you’ve given them the request.