Switching from Regular to Direct

Q & A Forum › Category: Mutual Funds › Switching from Regular to Direct

connectingrahul@gmail.com asked 8 years ago

Hi, I am having one SIP for Mirae Asset emerging blue chip -Regular plan through Funds India.Apart from this I am also having the same for direct plan as well(via AMC portal). I just request fundsindia to stop my SIP. Now do I need to wait for 1 year to protect from exit load ; how it can be done efficiently so that I have to bear minimum charges or nil?

1 Answers

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Sreekanth Staff answered 8 years ago

Hi, Exit load is applicable only if you redeem/switch, for stopping a SIP it is not applicable. Related article : https://www.relakhs.com/switching-direct-mutual-funds-tips/ https://www.relakhs.com/mfutility-invest-direct-plans-mutual-fund-schemes-online/