When we process a fund transfer from an externally held account to your FundsIndia account, the transfer takes place in two steps. The first step is to change the broker code from the current code to FundsIndia’s code (ARN 69583). After that, we change the fund from the offline mode to the online mode. When a fund shows up as an offline holding in your account, it means that the first step has been completed, and the second step is ongoing. During this time, we’ll be able to show you the holding and the transactions on it in your account. However, any activity on it needs to happen with a paper-based request (letters), and cannot happen online. Once the fund moves to the ‘online’ mode, all transactions can happen in an online manner.
Articles in this section
- I am planning to transfer some folios to my FundsIndia account. Some of them have active SIPs. What will happen to them after they are transferred?
- I have some mutual fund investments through another online channel. How do I transfer them to FundsIndia?
- I have transferred a fund to my FundsIndia account. It is currently offline. How can I redeem this fund if I want to?
- I have transferred a fund to my FundsIndia account. It is currently showing as an offline holding. What does that mean?