Hi
Is there any special rules for redemption of a particular fund and putting the exact amount in another fund?
I mean I am in process of trimming my portfolio to few funds. All the funds which I want to redeem has completed one year. The funds I want to exit is SBI Magnum Contra, DSP Tiger and Birla Tax relief 96 (3 lock period getting over on 21st of next month). Just want to transfer the amounts lying in these funds to other funds.
My query is do I need to take care of something before I do this or simply redeem and re-invest in other funds? May be redemption will take 2-3 days. So the impact remains only to the extent of the market fluctuation in these 2-3 days right? Or something more..
Please advise.
Regards
Jeet
Is there any special rules for redemption of a particular fund and putting the exact amount in another fund?
I mean I am in process of trimming my portfolio to few funds. All the funds which I want to redeem has completed one year. The funds I want to exit is SBI Magnum Contra, DSP Tiger and Birla Tax relief 96 (3 lock period getting over on 21st of next month). Just want to transfer the amounts lying in these funds to other funds.
My query is do I need to take care of something before I do this or simply redeem and re-invest in other funds? May be redemption will take 2-3 days. So the impact remains only to the extent of the market fluctuation in these 2-3 days right? Or something more..
Please advise.
Regards
Jeet