Mutual fund agent portability - Basunivesh

Q & A Forum › Category: Mutual Fund › Mutual fund agent portability

Ravi asked 2 years ago

We have many online platforms now to buy mutual funds like myCams, ETMoney. Recently PayTM also started. Are the mutual funds we buy through any of these platforms portable across them. For example, If I buy some units of a fund from myCams and switch to PayTM, then can I see my units of that fund in PayTM? or do I have to sell my units in myCams and buy again in PayTM?

Question Tags: Mutual fund agent portability

3 Answers

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basunivesh Staff answered 2 years ago

Whether you are investing in DIRECT Funds or REGULAR Funds?

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Ravi answered 2 years ago

Direct funds

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basunivesh Staff answered 2 years ago

In that case, you no need to worry. They are just providing a platform for your investments. Hence, one day or another day if they close the shop, then your investments are safe with AMCs. No need to redeem or switch when you change such middlemen.

Ravi replied 2 years ago

Thank you sir