Hi, @ZTrader1 since Groww doesn’t store mutual funds in demat form, we’ll need to convert them into dematerialized form before transferring them to Zerodha.
Dematerialization is the process of converting mutual funds from a physical or online form into a demat account. You can find detailed instructions on how to dematerialize your units in the support article below.
Please note before placing the dematerialization request you need to stop any active STP, SWP or SIP in the ISIN. The dematerialization process usually takes up to 25 days for the RTA (Registrar and Transfer Agent) to complete and credit the units to your CDSL demat account with Zerodha. Once the units are credited, you will be able to see them on Console.
When the units are credited to the demat account, an SMS and email are sent, and there will be a price discrepancy on Coin. To fix the discrepancy, the original purchase price must be entered into Console and you will be able to check and track the units with the actual purchase date. In case you have more than 100 transactions, you can share a statement with us, and we will take care of getting the transactions updated from the backend.
If you have any ELSS schemes in your portfolio, please keep in mind that for dematerializing ELSS schemes, you’ll need to courier 2 Demat Request Forms along with 1 annexure for each mutual fund investment, ISIN, or folio. Zerodha will generate a DRN (Demat Request Number) for each purchase date.
If you need any further assistance or have any additional questions, feel free to let me know.