Can I switch between schemes/ investment options/plans? If yes, how?
Yes, you can switch between schemes/investment options/plans. You need to fill in a transaction slip, which you can download from our website or detach from the bottom of your account statement. The same can be submitted at any Official points of acceptance of transactions.
Alternatively, if you have applied for a PIN and received the same, you can also switch through the ,'Online' transacting facility offered by MFs.
Is there any load on switching?
A switch from one scheme to the other is treated as redemption from the scheme from where it is switched out & a purchase into the scheme into which it is being switched. Thus you will be liable for any 'applicable' entry load or exit load.
As load on switches may change anytime, investors are required to update fresh provisions b y contacting us or reading the addendum issued from time to time. Please refer to the Scheme Information Document & Statement of Additional Document for details.
What is the difference between Dividend Payout and Dividend Re-invest option?
Dividend is paid out via cheque/ electronically to an investor who opts for the 'Dividend Payout' sub-option of the 'Dividend' option of any scheme. In case of an investor who opts for the 'Dividend Re-invest' sub-option, the dividend amount will be invested in the same scheme on the ex-dividend date & nav and the investor will receive additional units.
How do I change to the Dividend Re-Invest option from the Dividend Payout option or vice-versa?
If you wish to change to the "Dividend Re-invest" option from the 'Dividend Payout' option or vice – versa, you need to fill in transaction slip, which should be duly signed by the holders requesting such a change. Any request for change in option applies to all units in the scheme in the folio.
The same can be submitted at any of our Official points of acceptance of transactions.
