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FAQ

08. Switching of Funds

1) What charges do I have to pay to perform an intra switch?
2) What is the minimum investment in the fund I wish to switch to?
3) When will my switch orders be transacted?
4) Under what situation will my switch transactions be void / rejected?


Q: What charges do I have to pay to perform an intra switch?

A: Except for any exit load/ CDSC or switching charges that may be levied by the AMC, there are no charges for switching levied by Fundsupermart.com. Please refer to the Offer Document / Scheme Information Documents/ Statement of Additional Information of the respective schemes of mutual funds before transacting.
 
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Q: What is the minimum investment in the fund I wish to switch to?

A: The minimum initial investment amount will apply if you are switching into a fund that you have not invested in before. If you already have units of the fund that you are switching to, the minimum subsequent investment amount will apply. Otherwise, the minimum investment amount as specified by the individual funds will apply.

Please refer to the Offer Document / Scheme Information Documents/ Statement of Additional Information for further information on the same.
 
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Q: When will my switch orders be transacted?

A: Switch transactions before 2.00pm on a business day will be executed on the same day.

Transactions approved after the cut-off time will be submitted for processing on the next business day. Orders submitted on a non-business day will be transacted on the next business day.
 
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Q: Under what situation will my switch transactions be void / rejected?

A: The proceeds of the switch sell transaction have to cover exit charges, if any, from the AMC, as well as be sufficient for the minimum investment requirement for the fund you are switching into. In case this requirement is not met, the switch transaction will be rejected.
 
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