Transactions

What is a Switch transaction?
When you want to switch from one scheme/plan of a fund house ( AMC) to other other scheme/plan of the same AMC you can do a switch transaction. We provide t...
Fri, 6 Oct, 2017 at 8:35 PM
What details are required for a Switch transaction?
You need your folio number and scheme name for making a switch transaction. However to verify your folio you might be asked to provide a folio number proof,...
Fri, 6 Oct, 2017 at 8:35 PM
How will I know that the transaction is successful?
Once you make a switch transaction we process the transaction forward after verifying the details. We try our best to process it in 24 hours. Once it is suc...
Fri, 6 Oct, 2017 at 8:36 PM
Can I switch from a fund of one AMC to a fund of another AMC?
No, switching is allowed between the funds of one AMC only.
Fri, 6 Oct, 2017 at 8:36 PM
How much time does it take to switch to direct plan?
If you have all your details handy it takes less than 60 seconds to send us the switch order.
Fri, 6 Oct, 2017 at 8:36 PM
Will I be charged Exit Load for Switch?
Check whether your investment is beyond the exit load period. For example, most equity funds have an exit load of 1% if you switch/sell within 1 year of pur...
Fri, 6 Oct, 2017 at 8:36 PM
What about tax implication on a Switch?
A switch transaction is considered as a sell and a buy for taxation purpose. Hence the gains made at the time of transaction are subject to tax. Read our mu...
Fri, 6 Oct, 2017 at 8:37 PM
What happens to my money when I do a Buy Transaction?
Your money is transferred to AMC through an intermediate account held by MFU (Third party service provider). We do not receive any of your money in our acco...
Fri, 6 Oct, 2017 at 8:37 PM
When will I be allocated the units and at what NAV?
You will receive same day NAV for non-liquid transactions of less than 2 Lakh (in a single scheme) in value if the transaction is made before 3:00 pm. For a...
Fri, 6 Oct, 2017 at 8:37 PM
I have done a Buy transaction but the money is not deducted from my account and in Wealthtrust app the transaction is shown as processing. What should I do?
If the money is not deducted then the transactions hasn’t gone through. You may retry the transaction. If the issue persists please Contact us.
Fri, 6 Oct, 2017 at 8:38 PM