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Question #293 • Financial Education
Financial Education
Question #293

I am planning to transfer some folios to my Fincare services account. Some of them have active SIPs. What will happen to them after they are transferred?

You can transfer your mutual fund investments from outside Fincare services to your Fincare services account to consolidate your holdings. Please note that these outside folios must not have an active SIP running, and should be offline (not through another online channel) folios. When a folio with an active SIP gets transferred to Fincare services, the SIP will be stopped by the AMC. The investor would need to restart the SIP via Fincare services once the holding gets transferred to his account.
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