http://www.bimaworld.com/forums/ Indian Insurance Community Forums en Wed, 08 Sep 2010 12:56:31 +0000 http://www.bimaworld.com/forums/topic/regarding-fund-switching-in-ulip-plans#post-882 Fri, 22 Jan 2010 11:54:04 +0000 Ami 882@http://www.bimaworld.com/forums/ <p>When we switch from one fund to other then first of all, the present units are converted into rupees and than the converted amount is invested in the new fund and accordingly units are allocated.</p> <p>E.g. </p> <p>Bond fund _ NAV Rs. 10 (at the time of investment)<br /> Amount invested Rs. 20000<br /> Unit allocated = 2000<br /> Present NAV for Bond fund = 15 RS.<br /> Value in rupees = 2000 units x 15 RS = RS. 30000/-</p> <p>Now suppose the investor want to switch from Bond to Secured fund then in that case the above amount of 30000/- will be invested in Secured fund.</p> <p>Present NAV -Secured fund Rs. 20/-<br /> Unit Allocation would stand after switch over - 1500 units<br /> i.e Rs. 30000/20 = 1500 units </p> <p>Hope the above illustration is of help. </p> http://www.bimaworld.com/forums/topic/regarding-fund-switching-in-ulip-plans#post-877 Wed, 20 Jan 2010 10:12:02 +0000 Anonymous 877@http://www.bimaworld.com/forums/ <p>If we switch the fund type, what happens to the number of units currently holding?<br /> Will it increase or decrease?<br /> How the no of units are calculated after fund switch? </p>