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Switch & STP Transaction Facility to be available for U.S. & Canada-Based Clients | Dear NJ Wealth Partner,
We are pleased to inform you that, effective today, we are now extending the mutual fund investment facility for the U.S. & Canada-based E-Wealth & E-Wealth MF clients by also offering Switch and Systematic Transfer Plan (STP) transaction facilities.
Transaction Type Availability for U.S. & Canada-based Clients |
Account Type |
MF Mode | Inter AMC Switch (within different AMC) |
Intra AMC Switch (Within same AMC) | STP |
E-Wealth MF | - | Available |
Available | Intra AMC only | E-Wealth
| Physical | Available | Available |
Intra AMC only | E-Wealth | Demat |
Available | Available | Not Available |
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Please note :
The applicable terms and conditions will remain the same as those for Purchase and SIP transactions. The list of AMCs that are available for Purchase & SIP will also be available for Switch & STP. These transactions will not be available in physical mode (TIS) The NRI client must be physically present in India at the time of initiating the transaction.
We recommend informing your NRI clients based in the U.S. and Canada about this expanded capability and encouraging them to explore these additional options for managing their investments.
For any further support, our Customer Care team is always here to help.
Warm Regards,
NJ Wealth |
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