Prerequisites

Before initiating a switch:

• You should have an active investment in the source scheme.

• The destination scheme must be available for investment.

• Ensure you understand any applicable exit load and tax implications.

Steps

1. Log in to the HDFC Mutual Fund investor portal.

2. Open Transactions.

      3. Select Switch.

     4.  Choose:

• Source Scheme

• Destination Scheme

   

     5.  Enter either:

• Amount to switch

• Number of units

     6. Review transaction details.

     7. Confirm the request.

     8. Save the acknowledgement number.

Expected Outcome

• Units are redeemed from the source scheme.

• Equivalent investment is made into the destination scheme.

• NAV applicability follows current mutual fund regulations.

Important Information

• A switch is treated as:

  • Redemption from the existing scheme.

  • Fresh investment into the new scheme.

• Exit load and capital gains tax may apply depending on the scheme and holding period.