To switch between mutual fund schemes in Angel One, you need to redeem your units from the existing scheme and invest the proceeds in the new scheme you want. Angel One’s platform makes this easy by providing a simple switch option under the mutual funds section.

How to Initiate a Switch Between Mutual Fund Schemes?

Log in to your Angel One account and go to the ‘Mutual Funds’ section. Find the option labeled ‘Switch’ or ‘Switch Mutual Fund.’ Select the scheme you want to switch from, enter the number of units you want to redeem, and then choose the new scheme where you want to invest. Review the details carefully before confirming the switch request.

What Are the Benefits of Switching Mutual Fund Schemes?

Switching mutual funds helps you adjust your portfolio to changing market conditions or personal financial goals. For example, you may want to move from an equity fund to a debt fund to reduce risk or switch to a scheme with better returns. Angel One’s quick switch option saves time and effort while helping you stay on track with your investment plan.

Are There Any Charges or Taxes on Switching?

Generally, mutual fund switching may attract exit loads if you redeem units before a specific period, and capital gains tax depending on your holding period and gains. Angel One shows you any applicable charges during the switch process. It’s important to check these details before confirming your switch to avoid surprises.

How Long Does It Take for a Switch to Complete?

The switch process usually takes 2-3 business days. During this time, your units in the old scheme are redeemed and the amount is invested in the new scheme at the applicable NAV. You will receive a confirmation once the switch is successful. Angel One keeps you updated about the status via email or app notifications.

Can You Switch Partial Units or Only Full Units?

Angel One allows you to switch either full or partial units from your existing mutual fund scheme. You can choose the exact number of units you want to switch, giving you flexibility to manage your investments as per your needs. This feature helps in gradual portfolio changes without redeeming everything at once.

Tips to Remember Before Switching Mutual Funds

Before switching, check the performance and risk profile of the new scheme. Compare returns, fund manager experience, and expense ratio. Also, consider your investment goals and whether the switch aligns with them. Angel One provides all this information to help you make the right decision easily.