To import your existing portfolio to Kuvera and switch your regular plans to Direct, we recommend (entire process is online and requires no paperwork):
Import from FundsIndia, Scripbox, GoalWise, and similar platforms (non-demat accounts):
- Setup an account with Kuvera and complete KYC check and bank account setup.
- After logging in, please follow the steps in the Import Portfolio tab. Do read the “Import Portfolio” FAQ at the bottom of the page as well.
- Once imported, go to the Portfolio tab. When you click on the regular fund name, you will see the switch button to switch regular plan to direct plan. You can also activate "TradeSmart to only switch units outside the Short Term Capital Gains (STCG) tax window.
- Set Mandate amount in your profile and complete the mandate setup process. You will need an active mandate to be able to place SIP order.
- START your direct plan SIPs on Kuvera in the same folio as your current plans and then STOP your SIPs with other platforms such as fundsIndia, scripbox, groww etc
Import from Zerodha Coin, ICICI securities etc (demat accounts): zerodha is a demat based account so you cannot add those folios directly to Kuvera. To import completely to Kuvera and to close your demat account with zerodha etc you will need to:
- Sell your demat units and then buy them directly from Kuvera.
- OR Ask your broker to rematerialize your folios so you can import them to Kuvera following the steps in the "Import Portfolio" tab.
At the very least START your direct plan SIPs on Kuvera and STOP your SIPs with demat platforms to stop accumulating further demat units.
