Can I Switch Only Part of My Mutual Fund on Pluang?
Yes, you can switch part of a mutual fund, as long as the value or units left in your original fund after the switch do not fall below a set amount called the maximum partial switching amount. Despite its name, this amount works as a minimum remaining balance: if a partial switch would leave less than it in the original fund, the switch cannot be done. For example, you hold Rp5,000,000 in Mutual Fund A, and Mutual Fund A's maximum partial switching amount is Rp1,000,000. If you try to switch Rp4,500,000 to Mutual Fund B, only Rp500,000 would remain in Fund A, so the switch cannot be done. You then have two options: change the switching amount so that at least Rp1,000,000 stays in Fund A, or switch all the units you have. Either way, the amount you switch must be at least 105% of Fund B's minimum purchase or minimum ownership.
Worked example:
| Item | Value |
|---|---|
| Your holding in Mutual Fund A | Rp5,000,000 |
| Maximum partial switching amount of Mutual Fund A | Rp1,000,000 |
| Amount you want to switch to Mutual Fund B | Rp4,500,000 |
| Amount that would remain in Mutual Fund A | Rp500,000 |
| Result | Cannot be done, because Rp500,000 is below Rp1,000,000 |
Your options:
- Change the switching amount: Switch up to Rp4,000,000, so that Rp1,000,000 stays in Mutual Fund A.
- Switch all your units: Move the full Rp5,000,000 to Mutual Fund B, so nothing is left behind.
Rules that apply to every partial switch:
- Only Available Units can be switched, excluding units that are in the process of being sold or purchased.
- The amount you switch must be at least 105% of the target fund's minimum purchase or minimum ownership.
- Both funds must be managed by the same investment manager.
Related questions:
Q: What is the maximum partial switching amount?
It is the amount of value or units that must remain in your original mutual fund after a partial switch. Although it is called a maximum partial switching amount, it works as a minimum remaining balance: a partial switch that would leave less than this amount in the original fund cannot be done. Each fund has its own amount; in the example above, Mutual Fund A's is Rp1,000,000.
Q: In the example, how much could I switch from Mutual Fund A?
Up to Rp4,000,000, which leaves exactly Rp1,000,000 in Mutual Fund A and meets its maximum partial switching amount. Any amount between Rp4,000,000 and Rp5,000,000 would leave too little behind, unless you switch the full Rp5,000,000. The amount you switch must also be at least 105% of Mutual Fund B's minimum purchase or minimum ownership.
Q: Can I switch all my units instead of part of them?
Yes. If a partial switch cannot be done because too little would remain in the original fund, you can switch all the units you have. A full switch leaves nothing behind, so the maximum partial switching amount no longer applies. The target fund must still be from the same investment manager and available for switching, and only Available Units can be switched.
Q: Do the other switching rules still apply when I switch part of a mutual fund?
Yes. A partial switch follows the same rules as any switch: both funds must be managed by the same investment manager, only Available Units count, and the amount must be at least 105% of the target fund's minimum purchase or minimum ownership. There is no switching fee, the cut-off time is 13:00 WIB, and a switch takes a maximum of 2 business days.