This topic describes the systematic instruction to Switch Funds - One Time screen. This option allows user to place the one time lump sum switch order.

This option allows the retail investor/ user to place the one time lump sum switch order. The user can specify whether the order is for Now i.e. same business day or for later that is a future date. The user can also select the option to switch by Units/ All Units or Amount and can specify the units or amount to be switch in.

To switch the mutual funds:

1. Navigate to one of the above paths.
   The Switch Mutual Funds screen appears.

   Figure 4-9 Switch Funds - One Time

   
   

   
   Description of "Figure 4-9 Switch Funds - One Time"

   
   

   Note:

   The fields which are marked as Required are mandatory.

   For more information on fields, refer to the field description table.

   Table 4-9 Switch Funds - One Time - Field Description

   Field Name	Description
   Investment Account	The account number to which the current switch order belongs.
   Risk Profile	The risk profile of the selected investment account. For more information on Risk Profile, refer Risk Profiling section.
   Switch Type	The type of switch order that is to be placed. The options are: Onetime - This type of switch order allows the retail investor placing switch order for one time lump sum purchase. STP - A STP (Systematic Transfer Plan) is an investment method that allows the users to invest small amounts periodically or at regular frequency instead of lump sums. PSTP - Purchase + Systematic Transfer Plan
   Switch Out Scheme (Source Fund)	Information specified in below fields are related to switch out scheme (source fund).
   Fund House	The Fund house from which user intends to switch the fund for current redemption order.
   Scheme Name	Name of the fund/ scheme which user intends to switch the fund for current switch order.
   Scheme Suitability	Indicate whether the scheme is suitable for user to invest in. The system displays 'Yes' if it is suitable and 'No', if the scheme is not suitable.
   Folio	Folio number of the scheme where user has holdings that he can switch.

2. From the Investment Account list, select the account number from which the user wants to select the fund.
3. In the Switch Type field, select the One Time option.
4. From the Fund House list, select the fund house from which user intends to switch the fund.
5. From the Scheme Name list, select the fund/ scheme which user wants to switch.
6. From the Folio Number list, select the folio number of the scheme.
7. Perform anyone of the following actions:
   • Click Next.
   • Click Cancel to cancel the transaction.

   Figure 4-10 Switch Funds - One Time - Order Details

   
   

   
   Description of "Figure 4-10 Switch Funds - One Time - Order Details"

   
   

   Note:

   The fields which are marked as Required are mandatory.

   For more information on fields, refer to the field description table.

   Table 4-10 Switch Funds - One Time - Order Details - Field Description

   Field Name	Description
   Switch In scheme (Destination Fund)	Information specified in below fields are related to switch In scheme (Destination Fund).
   Fund House	The fund house from which user intends to switch the fund for current switch order.
   Fund Category	The fund category from which user intends to switch the funds for current switch order.
   Scheme Name	Name of the fund/ scheme which user intends to switch the fund for current redemption order. Schemes will be based on fund selected house /fund category.
   Scheme Suitability	Displays whether the scheme is suitable for user to invest in provided by MF processor. The system displays Yes if it is suitable and No, if the scheme is not suitable.
   Destination Folio	Folio number of the selected order or New is displayed in the case new folio option has been selected.
   Dividend	The dividend for the current switch order. The options are: Payout Reinvest The options will appear only if the selected scheme has dividend option.
   Transaction	Information specified in below fields are related to transaction.
   Switch By	Options whether to switch by Units/ All Units/ Amount. The options are: Units - On selecting this option, user has to specify the number of units to be switched in the current switch order. All Units - On selecting this option, user can switch all the units in the current switch order. Amount - On selecting this option, user has to specify the amount to be switched in the current switch order.
   Units	The number of units to be switched in the current switch order. This field appears, if you select Units option in the Switch By field.
   Min Units	The minimum switch units as set by the fund house for the scheme. This field appears, if you select Units option in the Switch By field.
   Amount	The amount to be switched. This field appears, if you select Amount option in the Switch By field.
   Min. Amount	The minimum switch amount as set by the fund house for the scheme. This field appears, if you select Amount option in the Switch By field.
   When	Select the option by which to specify when the orders are to be submitted for execution. The options are: Now: Current business date Later: Select this option if you wish to select a future date from calendar
   Order Date	The future date on which the orders are to be submitted for execution. This field appears if you select Later option in the When field.
   Cut Off Period	Cut off time and date for the order as provided by the MF processor.
   Switch orders placed	Fund(s) Currently selected for switch
   No. of Funds Selected	Displays the number of switch orders that have been placed till then (in the context of multiple switch orders - maximum 3 switch orders can be placed in one go).
   Total Order Amount	Sum of all the order amounts.
   Folio No	Folio number of the selected order or New is displayed in the case new folio option has been selected.
   Scheme Name	Name of the scheme selected for current switch order.
   Order Amount	Order amount keyed in by user.

8. From the Fund House list, select the fund house from which user intends to switch the fund.
9. From the Fund Category list, select the fund house from which user wants to switch the fund.
10. From the Scheme Name list, select the fund/ scheme which user wants to switch the fund.
11. From the Destination Folio list, select the appropriate option.
12. In the Transaction section, select the appropriate switch option, in the Switch By field.
    1. If you select Units option, enter the number of units to be switched in the Units field.
    2. If you select Amount option, enter the amount to be switched in the Amount field.
13. In the When field, select the appropriate date for order execution.
    Select the future date from the Purchase Date list, if you select Later option.
14. Click Save.
    The Switch orders placed section displaying No. of funds selected for switch, Total Order Amount, Switch In Scheme, Switch Out Scheme appears.

    Note:

    Click icon to delete the selected fund.
15. Select the I agree to the Terms and Conditions check box to continue to purchase the funds.
    • Click the Terms and Conditions to view the terms and conditions.
    • Click the Switch Another Fund to switch another fund.
    • The Switch Fund screen appears.
16. Perform anyone of the following actions:
    • Click Submit.
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to the previous screen.
    • Click Back to Wealth Overview to navigate to the Wealth Management Overview screen.
17. Perform anyone of the following actions:
    • The Review screen appears. Verify the details, and click Confirm.
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to the previous screen.
    • Click Back to Wealth Overview to navigate to the Wealth Management Overview screen.

    The Verification screen appears if the transaction is configured for Two Factor Authentication. The user has to pass the 2 factor authentication, before he can proceed. 2 factor authentication (OTP/ Security question/ Soft Token) will be as per the setup done by system administrator.

18. The success message along with the reference number of the order appears.
    • Click Purchase Fund to purchase the fund.
    • Click Switch Another Fund to switch another fund.
    • Click Redeem Fund to redeem another fund.
    • Click Back to Wealth Overview to navigate to the Wealth Management Overview screen.