4.3 Switch Mutual Funds
This topic describes the information about Switch Mutual Funds. Switch Mutual Funds screen allows the user to switch out the funds either at one time, systematic order plan or Purchase + systematic order plan methods.
Switching of funds means moving the money from an investment scheme to another investment scheme. Investor can switch between two different schemes i.e. money is taken out of fund A (a sell order) and invested in fund B (a purchase order). This way a switch, order results in two transactions a purchase & a sale. Fund A & Fund B in the above example could be from the same fund house or from different fund houses.
Pre-requisites
- Transaction access is provided to the Retail User.
Features Supported In Application
The module supports the following features:
Navigation Path:
- From the Dashboard, click Toggle menu, and then click Menu. From the Menu, then click Financial Management , and click Wealth Management . Under Wealth Management , and then click Switch Mutual Funds.
- On the Dashboard, click Overview Widget , and then click Mutual Funds . From the Mutual Funds , click Investments Account kebab menu, then click Switch Mutual Funds.
- Access through kebab menu of the Place Orders transactions.
The Switch Mutual Funds screen appears.
- Switch Funds - One Time
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. - Switch Funds - STP ( Systematic Transfer Plan)
This topic describes the systematic instruction to Switch Funds - STP ( Systematic Transfer Plan) screen. - Switch Funds – PSTP (Purchase – Systematic Transfer Plan)
This topic describes the systematic instruction to Switch Funds – PSTP (Purchase – Systematic Transfer Plan) screen.
Parent topic: Place Orders