JAMA
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Switching to Direct

  • How do I import my outside holdings to Jama?
    To import your holdings to Jama, you just have to tap the Auto Generate Portfolio in the application. You will be then asked to confirm the email id to which the consolidated account statement (CAS) will be sent. You can select the default email id entered while registering, or enter a different email id.

    The CAS pdf will be emailed to the email id of your choice. You can then have to forward the pdf to help@jama.co.in

    Our system will then generate your portfolio. If you hold any 'Regular plan' funds you can see the savings that you can make by switching to direct funds. You can place a switch order instantly by tapping on the Switch button shown against each fund.
  • How can I switch my outside holdings to Jama?
    Our Instant Switch feature allows you place switch orders to shift your holdings from anywhere to Jama. In this way you can save on commissions (upto 40%-50% over 20 years) when compared to regular funds.

    Switching is easy. Go to your 'Outside Holdings' and simply tap on the Switch button shown there. We automatically select the desired target fund (always a direct fund having zero commission). If you wish to change the target fund, you may do that.

    Next enter the units you wish to change OR select the checkbox that says "All Units". The option to enter units is helpful, in case you have some units that may have an exit load.

    Hit Switch and your switch order will be placed.
  • Can I switch my ELSS funds to direct plans?
    Yes. The process is the same as any other fund. Please do check if the units you are trying to switch are atleast three years old. The mutual fund rules allow switching only if the units are held for more than three years.
  • Are there any charges or loads for a switch?
    Jama does not charge an fees for a switch order.

    However please do check if the fund you are trying to switch has any exit load. Exit loads may be charged by the mutual fund for an early redemption from a scheme. A switch is treated as a redemption.

    Also check if you are liable to pay any capital gains taxes for the switch. For equity funds there is a 15% short term capital gains on units held for less than a year. For debt funds, any short term gains (for units held less than 3 years) are added to the taxable income.

    For our Platinum Plan customers our advisors get into the detailed calculations and advise on tax implications.
  • How do I move my SIPs to Jama?
    Our Instant Switch feature allows you place switch orders to shift your holdings from anywhere to Jama. In this way you can save on commissions (upto 40%-50% over 20 years) when compared to regular funds. This Switch to Jama can shift all previous holdings.

    To stop future SIP installments on the other platforms, please cancel them on those platforms. Cancelling the SIPs outside is well worth it as you save big on long term compounding commissions.
  • How do I import and switch my outside holdings to Jama?
    To import your holdings to Jama, you just have to tap the Auto Generate Portfolio in the application. You will be then asked to confirm the email id to which the consolidated account statement (CAS) will be sent. You can select the default email id entered while registering, or enter a different email id.

    The CAS pdf will be emailed to the email id of your choice. You can then have to forward the pdf to help@jama.co.in

    Our system will then generate your portfolio. If you hold any 'Regular plan' funds you can see the savings that you can make by switching to direct funds. You can place a switch order instantly by tapping on the Switch button shown against each fund.
  • Can I add a folio manually?
    Yes, you can tap on the Plus or Add button shown in the Outside Portfolio. Enter the folio number (exactly as per the MF statement) and the unit balance.

    You are now ready to switch this folio to direct.
  • I have not yet received the consolidated statement pdf
    The Consolidated Account Statement (CAS) pdf takes some time to generate. Please be patient and write to use at help@jama.co.in in case it does not reach you even after 24 hours.
  • Why did my switch order get rejected?
    Sometimes the Mutual Fund or the Registrar may reject a switch order for various reasons. These could folio number not correctly sent or zero balance in the folio. When something like that happens, please raise a ticket with our Customer Care and we will get back to you promptly.
  • I imported my outside holdings. Do you advice on what to do with old funds?
    Yes, as an investment advisory offering, we do analyse the portfolio and suggest any changes.

    No mutual fund remains in the top 10 performer list every year. It helps to know if your funds are consistently not doing well, or if it is time to change.

    We monitor fund performance periodically and alert if your investment is not performing well due to any reasons: fund manager change, increased expenses, poor selection of stocks/bonds, wrong bets taken, reducing fund size (AUM), too much churn in portfolio etc.

    Getting rid of bad performing funds can increase your wealth significantly.
  • Can I switching my ELSS funds to direct plans?
    Yes. The process is the same as any other fund. Please do check if the units you are trying to switch are atleast three years old. The mutual fund rules allow switching only if the units are held for more than three years.
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