Convert outside AUM to AssetPlus
Print
Modified on: Tue, 28 Jun, 2022 at 12:30 PM
In the AssetPlus platform, there are two types of assets that you and your clients can see. These 2 are:
AssetPlus Holdings
These are investments made via the platform, i.e. AssetPlus ARN. All investments made on the AssetPlus platform will automatically appear here.
You will receive brokerage for all investments under this category.
External Holdings
These are investments made outside the platform, i.e. NOT AssetPlus ARN. These are investments made under your ARN or another ARN. To track these funds please check these 2 articles - A) How to track client investments under your ARN? B) How to track client investments under OTHER ARN?
You will not receive brokerage from us for these investments.
You can see both types in the dashboard as shown below:
You can convert External Holdings to AssetPlus Holdings to receive the brokerage from us. Please note that only Non-Demat and Regular plans can be converted to AssetPlus.
There are 2 ways to convert:
Switch Transaction
You can place a switch transaction in the external holding. For example, you can switch a fund from Dividend to Growth. In this case, the outflow will happen from outside ARN, but the inflow will happen via AssetPlus ARN. Hence, it will move to AssetPlus holdings and subsequently, you will receive brokerage for the same. Please note: Other folio details like the primary bank, folio, nomination, etc. will not change
Redeem and Re-invest
You can place a Redemption order from External Holdings. After the investor receives the amount, they can re-invest it fresh in AssetPlus.
Did you find it helpful?
Yes
No
Send feedback Sorry we couldn't be helpful. Help us improve this article with your feedback.
