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FAQ

14. Transfer-in

1) What is 'Transfer-in'?
2) What are the documents required for transfer in?
3) What is the procedure for a Transfer-in request?
4) What is the turnaround time for the transfer of my existing holdings to Fundsupermart.com?
5) Are there any charges for transferring the existing holdings onto Fundsupermart.com?
6) What are the advantages of transfer-in?
7) Can I do a partial transfer?


Q: What is 'Transfer-in'?

A: Transfer-in is a process where the customer can transfer offline mutual fund holdings (held with some other broker or directly with the AMC) to the Fundsupermart.com platform. To avail of this facility, the customer should have an active account with Fundsupermart.com.
 
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Q: What are the documents required for transfer in?

A: To transfer any existing mutual fund holding to the Fundsupermart.com platform, please proceed to download the transfer-in form.

-Go to tab Transaction > Forms > Transfer-in Forms.
-Fill up the form, attach the latest Statement of Account listing the specific mutual fund schemes you wish to transfer on Fundsupermart.com
-Send us the form and the latest Statement of Account to the below mentioned address:

iFAST Financial India Private Limited.
1, Ground Floor, Raheja Titanium,
Western Express Highway,
Goregaon- East,
Mumbai- 400 063

Important Note: We request you to furnish the information separately for different mutual funds. For eg: If you have mutual fund holdings under two folios with 'XYZ' Mutual Fund, please list the folio numbers in the "Transfer-In" request form for 'XYZ' Mutual Fund. So folio numbers 123456 and 987456 with 'XYZ' Mutual Fund can be transferred in a single request. Likewise, for additional holdings in 5 other AMCs, please do submit 5 more Transfer-In request forms. A separate form is required for every different mutual fund.
 
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Q: What is the procedure for a Transfer-in request?

A: -Customer needs to send us the Transfer-in form along with the latest Statement of Account from the AMC
-On receipt, the documents are verified for correctness and completeness
-Post verification, the documents are sent to the AMC/Registrar for further processing
-On confirmation from the AMC/Registrar, the number of units transferred in shall be updated in the customer account
-The customer can then view the units under the 'View Holdings' tab by logging in to his/her Fundsupermart.com account
 
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Q: What is the turnaround time for the transfer of my existing holdings to Fundsupermart.com?

A: It will take 10 to 12 working days to get your holdings transferred to the Fundsupermart.com platform.

You will also receive a confirmation mail once the holding is updated. You can view the holdings under the tab My Investments > View Holdings
 
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Q: Are there any charges for transferring the existing holdings onto Fundsupermart.com?

A: There are no charges levied by us for transferring the mutual fund holdings to the Fundsupermart.com platform.

Please read the scheme information document/statement of additional information to understand the scheme related charges, if any, levied by the AMC.
 
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Q: What are the advantages of transfer-in?

A: -All holdings get combined under one login
-Easy trading and monitoring of funds a single account
-Single consolidated statement
 
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Q: Can I do a partial transfer?

A: Transfer-in is processed at the folio level. Eg: If there are 10 funds in a folio, all the funds will be transferred in one request.
 
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For further assistance, call our helpline at +91 22 4219 9494 from 9.30 am to 5.30 pm on Monday to Friday, (excluding Saturday, Sunday and public holidays).