Clarification on Folio number

[Kalpesh]

@RLM

since the mutual funds and folios that i hold, are specifically under my name; and some are under the joint name holding; then; how can I sell / transfer/gift; the mutual funds from my demat to my friend demat ?

I believe, folio number won’t matter since MF you hold is in Demat form.

1. Transfer to another CDSL Demat account: If you’re transferring the units to a CDSL Demat account from Coin, this is a simple procedure. You can use CDSL Easiest to get the transfer outdone to another CDSL Demat account. You can read the details here.

2. Transfer to an NSDL Demat account: If you’re transferring the units to an NSDL Demat account, you will have to use the Off-market procedure. For off-market transfer of mutual fund units, you will need to use a DIS (Delivery Instruction Slip). DIS is similar to a bank cheque leaf which is used to move money from one bank account to another. With the DIS, you can move shares from one DEMAT to another.

Check this link