I accidently invested in regular than direct find

Zerodha Coin - Direct MF
1

Hi
I accidently purchased SBI blue chip fund regular on coin than direct. I want to convert it to direct How can I do that?
It is still under processing(Order sent to AMC). Can I cancel and I apply or do I have to wait for it to be alloted and then sell and wait again and then apply to direct?

1 Like
2

You can cancel it. All MF orders put after 1:30 will be executed on next trading day. You can cancel the order now and place it in your favourite MF. Also Buying MF in Lumpsome quantities is not a great idea.

3

If the order is sent to the AMC then you cannot cancel it. You can either redeem it or stop the SIP if you have chosen the option.

4

It got processed to so now I am redeeming it

5

@Vaibhav_Nagpal How much time it took to change from Order sent to AMC to process complete. I am waiting more than a day.

6

Around 48 hours

7

@Vaibhav_Nagpal Thank you.

8

when do u say order is sent to AMC? Bcz its not 1:30 PM yet and my order shows sent to AMC and i am unable to cancel?