Can I switch sip from regular to direct?

With respect to the investments already made in the SIP under the regular plan, a switch request can be made for switching the units to direct plan under the same folio. Switch request will entail exit loads as applicable for redemptions and switch outs.

How can I convert my SBI mutual fund to direct?

How to switch?

1. Login to your mutual fund account.
2. Go to transaction page which allows you to purchase/switch/redeem fund.
3. Select the same fund name in the ‘switch to’ option and make sure the fund name has ‘Direct Plan’ written at the suffix.

How do I stop regular SIP?

Online SIP cancellation

1. You must first login to the mutual fund website using login credentials where your SIP is continuing.
2. You then select the ongoing SIP which you seek to cancel and click on ‘Cancel SIP’
3. It may take some time for your SIP to get cancelled.

What is switch option in SBI mutual fund?

If you were to switch fund houses, it is known as ‘Switch-in, switch-out’, where you switch out your mutual funds from one fund house and switch into another. In this case, you will need to redeem units from the fund source and then purchase units in the fund target.

What is mutual fund direct and regular?

In a Direct Plan, an investor has to invest directly with the AMC, with no distributor to facilitate the transaction. In a Regular Plan, the investor invests through an intermediary such as distributor, broker or banker who is paid a distribution fee by the AMC, which is charged to the plan.

How do I get an MF Direct plan?

While filling up the online form, the investor must choose/ actively select the “Direct” plan option. One can invest by filling up a mutual fund application form physically and writing “DIRECT” in the blank space provided to fill up the ARN of the distributor in the application form.