> Settlement Process - Switch Transactions
Settlement Process - Switch Transactions
- The switch transactions are settled in lines similar to that of redemption transactions. However instead of getting the redemption proceeds, the clients receive the units of the scheme in which the switch-in is placed.
- In case of demat transactions switch-in units are delivered in the Pool account of the MFI or the demat account of the client as per the instructions given by the Member while placing the switch Order.
- The demat switch in units of an MFD client are mandatorily delivered in the beneficiary demat account of the client.
- RTA/AMC's arrange to deliver the SOA, pertaining to Non-demat Switch in units in the registered email or it is physically delivered at the client's registered mailing address as per the mandate received by them.