What Are the Mutual Fund Switching Requirements on Pluang?

The two main mutual fund switching requirements on Pluang are that both funds must be managed by the same investment manager and that the amount you switch must be at least 105% of the target fund's minimum purchase or minimum ownership. For example, if the target fund's minimum purchase is Rp1,000,000, the minimum switching amount is Rp1,050,000. The switching cut-off time is 13:00 WIB, the same as for buying and selling mutual funds, and there is no switching fee. Some funds cannot be switched even within the same investment manager, and USD mutual funds cannot be switched yet; you can switch into money market, fixed income, equity and balanced funds. Only your Available Units can be switched, and a partial switch is not allowed if the balance left in your original fund would fall below that fund's maximum partial switching amount (which works as a minimum remaining balance). A switch takes a maximum of 2 business days.

1. Same investment manager: Switching can only be done if both products are managed by the same investment manager. Some products cannot be switched even though they are under the same investment manager.
2. Minimum switching amount: At least 105% of the minimum purchase or 105% of the minimum ownership of the target fund's units. Example: the target fund's minimum purchase is Rp1,000,000, so the minimum switching amount is 105% × Rp1,000,000 = Rp1,050,000. You can only switch if the value you move is at least Rp1,050,000.
3. Eligible target categories: Money market, fixed income, equity and balanced mutual funds. USD mutual funds cannot be switched yet.
4. Available Units only: Units that are in the process of being sold or purchased cannot be switched.
5. Partial switching: Allowed only if the value or units left in your original fund stay at or above that fund's maximum partial switching amount (which works as a minimum remaining balance). If not, change the switching amount or switch all your units.
6. Cut-off time: 13:00 WIB, the same as buying and selling mutual funds.
7. Fee: There is no switching fee on Pluang.
8. Duration: A maximum of 2 business days, covering verification by Pluang (a maximum of 1 business day) and verification by the investment manager.

Related questions:

Q: What is the minimum for mutual fund switching, and how is it calculated?
The minimum is 105% of the target fund's minimum purchase or minimum ownership, so multiply either figure by 105%. If the target fund's minimum purchase is Rp1,000,000, you must switch at least Rp1,050,000; for a target fund with a minimum purchase of Rp500,000, it would be Rp525,000. The minimum is based on the fund you are switching into, not the fund you are switching from, and the Pluang app only displays the products you can switch to based on your balance.

Q: Can I switch to a fund from a different investment manager?
No. One of the mutual fund switching requirements is that both funds must be managed by the same investment manager, so a Batavia fund, for example, can only be switched into another Batavia fund that is available for switching. To move your money to a fund from a different investment manager, you need to sell your current units and buy the new fund as two separate transactions.

Q: Is there a fee for switching mutual funds on Pluang?
No. Switching is free on Pluang, with no switching fee. The costs borne by each mutual fund product are separate from switching: they are already included in the fund's NAV, which is updated every exchange trading day, and are listed in each fund's prospectus and fund fact sheet.

Q: How long does a mutual fund switch take?
A maximum of 2 business days. Every switch is verified twice: first by Pluang, which takes a maximum of 1 business day, then by the investment manager. The cut-off time for switching is 13:00 WIB, the same as for buying and selling mutual funds, so submit your switch before 13:00 WIB on a business day.