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description: Transfer of FOLIO
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# Change of Broker

1. USE **CAMS / KARVY File,** Do Not use NSDL / CDSL file.&#x20;
2. IF Some folios are with Ventura (as identified in CAMS/ KARVY statement ), TAKE permission before "**Change of Broker**"&#x20;
3. Folios in **DEMAT** form ( Such as with Ventura), can not be done via "Change of Broker"
4. IF SIP is Ongoing then FIRST "**STOP SIP**" before "**Change of Broker**" as Next SIP will again go to the Old Code.&#x20;
5. Else take SIGNATURE on two (2) copies in such scenario. 1 for before "**Stop SIP**" and 1 for after "**Stop SIP**"
6. CAMS / Karvy RTA statement is a per email ID. Where are NSDL/ CDSL are as per Primary Holder Pan. So for understanding both should be requested and tallied. For change of broker, CAMS / Karvy should be used.&#x20;
7. IF MF units are held in demat, then some of them may NOT reflect in **CAMS/KARVY RTA.**&#x20;
8. Demat units can’t be transferred anyway as “change of broker” For that we need to do “**Demat transfer**”
