How to Switch Equity Large or Mid cap fund to Debt scheme in Franklin Templeton ?

POSTED BY Sandip Pawar ON March 6, 2014 8:51 am COMMENTS (4)

Hi,

I am investing in Franklin India bluechip MF (DIRECT , GROWTH) fund since a year. I am investing it for long term goal (like more than 10 years or so). I feel since a year there is no significant return for a fund. I know, one should not judge or look for returns in a 1 year only. But looking at market condition and current NAV, I feel it would be good to move few fund to some dept MF so that there would be assured returns as well.  Once market goes down, I can again move fund from dept MF to Equity. Will this strategy work for maximising returns ?

Other, I have invested directly with Franklin Templeton’s Fund House. From Franklin’s investor portal, looks like I can switch  funds to Franklin’s dept fund only. Portal does not allowing to switch fund to dept MF which are not from franklin Templeton. In such case what can be done?

-Sandip

4 replies on this article “How to Switch Equity Large or Mid cap fund to Debt scheme in Franklin Templeton ?”

  1. Sandip Pawar says:
    March 6, 2014 at 5:46 pm

    Yeah Ashal, I am aware that there is no guarantee that my expectation would meet but was taking a chance and risk 🙂 I am aware about the exit load on redeem and re-invest but i am not even planning to switch whole fund. Was thinking about just little bit from existing fund.

    Thanks

    Reply
    1. ashalanshu says:
      March 7, 2014 at 11:47 am

      Dear Sandip, If you feel, you can time the market. Please do it at your own risk. I have no issue with it as it’s your money and you have every right to make it big or to destroy it. 🙂

      Thanks

      Ashal

      Reply
  2. ashalanshu says:
    March 6, 2014 at 1:40 pm

    Dear Sandip, so you mean to say from here onwards, Market ‘ll correct in abig way and you ‘ll re-enter at that time? What ‘ll you do if the expectations are not met and Market goes on to scale new heights?

    Thanks

    Ashal

    Reply
  3. Viren Phansalkar says:
    March 6, 2014 at 1:25 pm

    Hello Sandip,

    For switching to other AMC, you will have to first redeem and then re-invest….
    Do remember, while such frequent switching, you will have to be careful of exit loads and tax implications (for debt MF)

    For question: “will this strategy work”: sorry I don’t know….
    let others tell us about this…..

    Viren Phansalkar

    Reply

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