What will happen if any of the trigger levels is attained more than once?
Once the trigger has been activated for a particular index and the switch transaction is processed, the switch will not be done if the earlier level is already reached. The trigger once activated at a certain level will only be a one-time trigger. For e.g. if the trigger is activated at Sensex level of 8500 on a particular day and the percentage switch indicated at this level is processed, it will not be activated again if the Sensex touches 8500 at a subsequent date within the validity period of 1 year. • What will happen if the balance in the switch-out scheme is less than the trigger amount on a particular trigger date? What will happen if the balance in the source scheme is NIL? The switch will not be processed in case of insufficient or nil balance then the switch will not be processed for the trigger. However within the plan period if balance is available in the source scheme and the trigger level is met then the switch transaction will go through to the target scheme. • How can
Once the trigger has been activated for a particular index and the switch transaction is processed, the switch will not be done if the earlier level is already reached. The trigger once activated at a certain level will only be a one-time trigger. For e.g. if the trigger is activated at Sensex level of 8500 on a particular day and the percentage switch indicated at this level is processed, it will not be activated again if the Sensex touches 8500 at a subsequent date within the validity period of 1 year.
Once the trigger has been activated for a particular index and the switch transaction is processed, the switch will not be done if the earlier level is already reached. The trigger once activated at a certain level will only be a one-time trigger. For e.g. if the trigger is activated at Sensex level of 8500 on a particular day and the percentage switch indicated at this level is processed, it will not be activated again if the Sensex touches 8500 at a subsequent date within the validity period of 1 year. • What will happen if the balance in the switch-out scheme is less than the trigger amount on a particular trigger date? What will happen if the balance in the source scheme is NIL? The switch will not be processed in case of insufficient or nil balance then the switch will not be processed for the trigger. However within the plan period if balance is available in the source scheme and the trigger level is met then the switch transaction will go through to the target scheme. • How can
