{"id":20457,"date":"2026-10-27T10:11:38","date_gmt":"2026-10-27T10:11:38","guid":{"rendered":"https:\/\/navia.co.in\/blog\/?p=20457"},"modified":"2026-10-27T10:11:41","modified_gmt":"2026-10-27T10:11:41","slug":"switching-brokers-mid-year-what-happens-to-your-holdings-sips-and-mtf","status":"publish","type":"post","link":"https:\/\/navia.co.in\/blog\/switching-brokers-mid-year-what-happens-to-your-holdings-sips-and-mtf\/","title":{"rendered":"Switching Brokers Mid-Year: What Happens to Your Holdings, SIPs and MTF"},"content":{"rendered":"
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Quick answer<\/h2>\n

Three things in your account behave differently when you change brokers. Shareholdings transfer<\/strong>, through a closure-cum-transfer or an off-market transfer. SIPs do not transfer<\/strong>; they must be stopped with the old broker and registered again with the new one, because the registration is tied to the distributor code used when it was set up. A margin trading facility position cannot be transferred at all<\/strong>, because the shares are pledged in your existing broker\u2019s favour as security for funding. It must be sold, or the funded amount repaid in full to release the pledge, before the account can close.<\/p>\n<\/div>\n

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Switching brokers? Open your Navia account first.<\/strong>You will need the new DP ID and Client ID before you raise the transfer. Account opening is free, with no AMC.<\/span><\/div>\n
Open Free Account \u2192<\/a><\/div>\n<\/div>\n<\/div>\n
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Key takeaways<\/h2>\n