Application for Allotment of Permanent Retirement Account Number (PRAN) can be downloaded from the following link.

https://nsdl.co.in/downloadables/S1_Subscriber%20Registration%20form.pdf

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NSDL has enabled holding of mutual fund units [represented by Statement of Account] in dematerialised form for its demat account holders. You can use your existing demat accounts for converting your mutual fund units in dematerialised form.

Procedure to convert mutual funds into demat form

• Obtain Conversion Request Form (CRF) from your DP.
• Fill-up the CRF.
• Submit the CRF alongwith the Statement of Account to your DP.
• After due verification, the DP would sent the CRF and Statement of Account to the Asset Management Company (AMC) / Registrar and Transfer Agent (RTA).
• The AMC / RTA will after due verification confirm the conversion request sent by your DP and credit the mutual fund units in your demat account.

You can subscribe for mutual fund units through your Stock Broker using the Stock Exchange platform. Upon subscription, the AMC / RTA will credit the mutual fund units to your demat account.

You can redeem your mutual fund units held in dematerialised form through two different modes i.e., through your DP or stock broker.

Redemption through DP

• Obtain Redemption or Repurchase Request Form (RF) from your DP.
• After due verification, your DP will send the RF to the AMC / RTA.
• The AMC / RTA will verify the form and confirm the redemption request and make the payment as per your bank account details available in the depository system.

Redemption through stock broker

• The redemption proceeds will be paid by AMC / RTA as per your bank account details available in the depository system.
• Place your order through your Stock Broker using the stock exchange platform. You will be required to submit delivery instruction slip (DIS) to your DP to transfer the mutual fund units to a designated Pool account of the Clearing Corporation (CC) of the stock exchange. The designated Pool accounts are given below:

Sr. No.	Stock Exchange Name	CC Name	CM BP ID	Market Type	Settlement number	Execution Date	Pay-in deadline
1	National Stock Exchange	NSCCL	IN565576	12 (Mutual Fund)	As applicable		4.30 PM on Trade day (Order Day)
2	Bombay Stock Exchange Limited	ICCL	IN619960	02 (Mutual Fund)

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Investor Accounts (Active with PAN) 1,03,04,513

DP Service Centres 11,746

Demat Custody Value
5,981,643 (Rs. crore)
US$1,273 billion

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