Fund Switch
A switch moves money from one mutual fund into another, for example from a regular plan to a direct plan. Instead of entering a sale and a purchase separately, you do it once and Agni Folio records both sides together, using each fund’s official NAV (the price the fund publishes each day).
Making a switch
Section titled “Making a switch”- Open the detail page of the fund you’re moving money out of.
- Click Switch (next to Add Transaction).
- Fill in:
- Fund to switch into — search by fund name. It can be a fund you already hold or a new one.
- Amount — how much to move, or tick Switch all units to move everything.
- Switch date — the date of the switch.
- Click Preview. You’ll see the units sold and their NAV, the units bought and their NAV, and the amount switched.
- If it looks right, click Confirm switch.
If you hold the target fund in more than one account, you’ll be asked which holding should receive the units.
How it’s recorded
Section titled “How it’s recorded”- One SELL from the old fund and one BUY into the new fund, linked together.
- Both are dated the same day. If one fund’s NAV is published later than the other’s (for example, over a holiday), both use the later date.
- Units sold = amount ÷ old fund’s NAV. Units bought = amount ÷ new fund’s NAV.
- Switch all units sells exactly the units you hold on that date.
Undoing a switch
Section titled “Undoing a switch”In the transaction history, a switch row has an Undo switch action. It removes both sides together — you can’t delete just one side. If the switch created the new holding, that holding is removed too.
If something goes wrong
Section titled “If something goes wrong”| Message | What it means |
|---|---|
| Only N units available to sell on [date] | You’re trying to move more than you held on that date. Lower the amount or check the date |
| No units available to sell on [date] | You held none of this fund on that date — often a switch date before your first purchase |
| No NAV published for … on or after [date] | The fund hasn’t published a price for that date yet. Try an earlier date or wait a day |
| Cannot switch a fund into itself | Pick a different target fund |
| …different currencies | Both funds must be in the same currency |
| Source holding has no ISIN | Add the fund’s ISIN to the holding first |
Regular switches
Section titled “Regular switches”To move money on a schedule instead of once, set up an STP — see SIP, STP and SWP. You can also ask Astra to make a switch for you.