Mutual Funds
How to Switch / Redeem / STP/ SWP?
Switch option
These options are available for every investor to switch between the same AMC from one category to another category as far as they are open-ended funds and as such, they accept fresh funds into the scheme. In such cases, investors might have to incur exit loads as and when applicable.
Redeem
This is done to encash the investment that you held either partially or fully as per your fund needs. The redemption process is directly credited to your bank account in 2-3 working days depending on the schemes of investment.
STP
A Systematic Transfer Plan will ensure the regular movement of funds from one scheme to another as defined by you at periodic intervals for a fixed amount. However, the investor needs to ensure there are sufficient unit balances in the scheme from which you initiate the transfer at the time of setting the transfer and ensure to maintain the same at all periods. Please note exit loads can apply based on the holding period of investment.
SWP
A Systematic Withdrawal Plan will ensure a regular flow of funds to one's bank account as per the period set to meet the cash flow requirement that you have planned. The withdrawals can be subject to an exit load as and when applicable.