Transfer of shares, gold etf

1. Firstly, shares may be transferred to different accounts via a DEMAT account. A Demat account is an account used to store financial assets electronically. In India, two depository institutions, National Securities Depository Limited and Central Depository Services Limited, manage Demat accounts.

This can be accomplished by using two methods: manually or online. 

Manual share transfers can be either Intra-Depository Transfers or Off-Market Transfers. To transfer either, the account holder must have a Debit Instruction Slip (DIS Booklet) from their Depository Participant (DP).

1. The shares must be transferred together with their ISIN number. The ISIN is a 12-digit identifier used to identify different securities.
2. The Target Client ID must be documented.
3. Determine if the transfer will be intra-depository or off-market. When choosing this option, use caution.
4. The completed and signed DIS slip must be given to your previous broker, who will then provide you an acknowledgment slip acknowledging your transfer.

The existing broker will transfer the appropriate shares from the old Demat account, and the new broker will get the shares in the new account within 3-5 business days.

The same can be done via an online mode:

1. Go to the CDSL website and click the "Register Online" button.
2. Complete the form with the necessary information.
3. Print the document, which will be sent to the account holder's DP.
4. Once the DP has completed the verification procedure, a password will be emailed to the account holder's email address.
5. The account holder may log in and begin transferring the appropriate shares using the supplied password.

2. Yes, gold ETFs and funds may be transferred in two parts.

3. A mutual fund account can be divided into two equal portions by converting it into shares and then purchasing them.

I hope this is useful.

Thank You!