Will the units get transferred automatically after fund reclassification?
Dhirendra Kumar talks about the impact on existing investment if there is a change in the fund
By Research Desk | Jun 6, 2018
What will happen to my existing investments when the name or fundamental attribute of the fund changes? Will the units get transferred automatically?
No, the transfer is not happening. You know the name changes the fundamental attribute changes and you are given a choice that if you don't like these changes you can walk out without any exit load. That's about it. If you choose to stay there, nothing changes. The name changes, the attribute changes and your investment continues.