Sweep transaction

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Srividya Murali

Srividya Murali (Querist)
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01 March 2016 Hello!
Please clarify what is a sweep in mutual funds?

Thanks in advance.

Amol S Joglekar

Amol S Joglekar (Expert)
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01 March 2016 A person maintaining more than one account may permit the MF to SWEEP his/her money from one account to another as per the exigencies of the time.

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Sweep transaction

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