How can I switch my investments from one fund to another?

How can I switch my investments from one fund to another?

When you move your investments from one mutual fund to another fund within the same AMC, it is termed as a Switch. Switching is only allowed within funds of the same AMC. In a switch transaction, the AMC first sells your units from the original fund (Switch Out), and then buys new units of the new fund (Switch In) with the net proceeds (subject to exit loads). Unlike a Sell followed by a Buy, no money gets credited back to your bank account but is directly used to purchase the new units, thus minimizing the time during which your money is uninvested. 

Investors often switch for the following use cases, with the understanding that the change must be done within the same AMC:
  1. Your existing fund is not performing as per your expectations, or
  2. You want to move your funds to a better performing fund, or
  3. You want to rebalance your portfolio to maintain a particular asset allocation mix. 
In the Glide Invest app, the switch is available in the top right-hand menu.  Please note that as of this writing:
  1. we only give you the option to switch to other Growth funds belonging to the same AMC, and
  2. you can only perform a full switch (Swith Out ALL) from one fund to another. 

 

    • Related Articles

    • Why are my switch transaction not reflecting?

      Switch instructions are processed on separate dates by the Mutual Fund companies. Once a Switch order is placed, a Switch-Out happens first, and once the funds are added into he funds bank account, the Switch-In is executed by the AMC.  On an ...

    • Does Glide Invest support ETF investments?

      No, we do not support ETF investments, since we need to tie up with brokers for it. ETFs are currently not efficient as investors today overpay/undersell their investments by 1% due to poor exchange liquidity. In light of these inefficiencies, Index ...

    • What stamp duty charges are applicable on my Mutual Fund investments?

      Stamp Duty has been levied on all Mutual Fund Schemes from 1st July 2020.  It is akin to entry load and will be implied in the following scenarios: Lump-sum Investment in Equity and Debt Fund Schemes Systematic Investment Plans (SIPs) Systematic ...

    • How does legal claimant access Mutual Fund investments upon death of an investor?

      In case of death of an investor, their nominee or legal heir can claim the proceeds by process of transmission.  Here are some things to keep in mind.  Case 1: If there is a nominee registered The basic process is to submit the following documents: ...

    • What is Consolidated Account Statement (CAS)?

      CAS (Consolidated Account Statement) is a statement of all your mutual fund investments made across various AMCs and serviced by various RTAs (KFintech, CAMS, and Franklin). This statement can be generated from either of the RTAs (CAMS or KFintech). ...