How Long Does Mutual Fund Switching Take on Pluang?
Mutual fund switching on Pluang takes a maximum of 2 business days. Every switch goes through two verification steps: first, verification by Pluang, which takes a maximum of 1 business day; then, verification by the investment manager that manages both funds. The cut-off time for switching is 13:00 WIB, the same as for buying and selling mutual funds. Because the duration is counted in business days, weekends and public holidays are not included. Switching is free, it only works between funds from the same investment manager, and only your Available Units, meaning units that are not in the process of being bought or sold, can be switched. For comparison, if you sell a mutual fund instead of switching it, the proceeds can take up to 7 business days to reach your registered bank account before you can buy another fund.
| Step | Who verifies | Maximum time |
|---|---|---|
| 1 | Pluang | 1 business day |
| 2 | Investment manager | Within the 2-business-day total |
| Total | 2 business days |
- Cut-off time: 13:00 WIB, the same as for buying and selling mutual funds. For purchases and sales, requests submitted before 13:00 WIB are processed on the same trading day, and requests submitted after 13:00 WIB are processed on the next trading day.
- Business days only: Weekends and public holidays are not counted.
- Units being processed: Units that are in the process of being sold or purchased are not Available Units, so they cannot be included in a switch until that transaction is completed.
Related questions:
Q: Why does mutual fund switching need two verification steps?
Because both Pluang and the investment manager check every switch. Pluang verifies the switch first, within a maximum of 1 business day, and then the investment manager that manages both the original fund and the target fund verifies it. Both steps together take a maximum of 2 business days. Switching is free and only works between funds from the same investment manager.
Q: What is the cut-off time for mutual fund switching?
13:00 WIB, the same as for buying and selling mutual funds on Pluang. For purchases and sales, requests submitted before 13:00 WIB are processed on the same trading day, while requests submitted after 13:00 WIB, or on weekends and public holidays, are processed on the next trading day. The switch itself then takes a maximum of 2 business days.
Q: How long does mutual fund switching take compared with selling one fund and buying another?
Switching is faster: a switch is a single transaction completed within a maximum of 2 business days. Selling and buying are two separate transactions: when you sell, the investment manager verifies the sale on the next business day and the proceeds can take up to 7 business days to reach your registered bank account, and only then can you pay for a new purchase. Switching also has no switching fee.
Q: Can I switch units from a purchase or sale that is still being processed?
No. Only Available Units can be switched, and they exclude units that are in the process of being sold or purchased. Units from a purchase are added to your holdings only after the purchase is completed, which is on the next trading day after it is processed. Once they are added and not being sold, they count as Available Units and can be switched.