AMFI Registered Mutual Fund Distributor
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FAQ

12. 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 holding onto the Fundsupermart.com?
6) What are the advantages of transfer-in?
7) Can I do a partial transfer?
8) Can I transfer all type of funds?
9) Can I transfer my existing holdings from offline to online and vice a versa?
10) Will I be informed once my holdings get transferred to Fundsupermart.com?
11) Where can I view the units transferred into my account?
12) Will I get to see my historical transactions also?
13) Once my holdings are transferred on to the Fundsupermart.com platform, on what basis will Net Asset Value (NAV) be considered for transferred units?


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.

Step1: Go to tab Transaction > Forms > Transfer-in Forms.
Step 2: Fill up the form, attach the latest Statement of Account listing the specific mutual fund schemes you wish to transfer on Fundsupermart.com
Step 3: Send us the form and the latest Statement of Account on 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 would request you to furnish the information separately for different Mutual funds.
For example, if you have mutual fund holdings under two folios with 'XYZ' Mutual Fund. Please list the folio nos. in the Transfer-In request form for 'XYZ' Mutual Fund. So folio nos. 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: You can follow the below steps to complete Transfer-in process:

1.Customer needs to send us the Transfer-in form along with the latest Statement of Account from the AMC
2.On receipt, the documents are verified for correctness and completeness
3.Post verification, the documents are sent to the AMC/Registrar for further processing
4.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 '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 15 to 20 working days get your holdings transferred to the Fundsupermart.com platform.
 
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Q: Are there any charges for transferring the existing holding onto the 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: Following are the advantages of transfer-in:
1.All holdings get combined under one login
2.Easy trading and monitoring of funds a single account
3.Single consolidated statement
 
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Q: Can I do a partial transfer?

A: Transfer-in is processed at the folio level.
Example: If there are 10 funds in a folio, all the funds will be transferred in one request.
 
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Q: Can I transfer all type of funds?

A: Yes, you can transfer all type of funds onto the Fundsupermart.com.

Please note if these are SIP active on your transfer-in fund, AMC may reject the transfer in request. To transfer the funds you either have to terminate the existing SIP, transfer the fund to fundsupermart platform and them register for SIP in the same fund else you need to hold on till the time SIP period does get completed.
 
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Q: Can I transfer my existing holdings from offline to online and vice a versa?

A: Since we are an online mutual fund distributor, you can transfer you existing holding from offline to online and online to online.
 
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Q: Will I be informed once my holdings get transferred to Fundsupermart.com?

A: An e-mail will be send confirming that the transfer-in request has been processed successfully.
 
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Q: Where can I view the units transferred into my account?

A: You can view the holdings under the tab My Investments > View Holdings.
 
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Q: Will I get to see my historical transactions also?

A: Presently, your mutual fund holding will be simply transferred on to our platform. We are working on the feature to enable viewing of all historical transactions i.e., past transactions/dividends for the transferred mutual funds. Investors will be intimated of any such development by mail.
 
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Q: Once my holdings are transferred on to the Fundsupermart.com platform, on what basis will Net Asset Value (NAV) be considered for transferred units?

A: NAV of the transaction date of the transfer of your holdings will be applicable.
For e.g., if we receive your transfer-in request on 1 May 2010 and the holdings are transferred on 11 May 2010, the units would reflect the NAV as applicable on 11 May 2010.
 
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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).