Am in the process of
transferring out of mutual funds.
In the coming months I plan to
transfer out of mutual funds and set - up a couch potato fund but can't decide which approach to follow.
Not exact matches
If an existing
mutual fund investor acquires NRI Residential status or becomes a resident
of US or Canada, all facilities such as switch
of schemes, dividend reinvestment, systematic investment plans, systematic
transfers, etc, are currently being stopped by these AMCs and the investor will be made to sell
out.
I recently moved money from one
mutual fund to another
fund in my 401 (k), and was warned that I'd be prohibited from
transferring out money from said
fund for a period
of 90 days.
However, you may not be able to tranfer GICs
out of ING (not sure about this; call and ask ING) but you should be able to
transfer a cash RRSP
out of ING to TD
Mutual Funds.
For example, if you were required to take $ 13,000
out, you could
transfer out 650 shares
of a
mutual fund that traded at $ 20 or more per share.
Then you fill it
out and mail a check into each
mutual fund family (or some may have electronic / online ways
of applying and
transferring money).