Can I change the tenure of my investment after I’ve started investing?

In general, it is not possible to change the tenure of your investment in mutual funds once you have started investing. The tenure or maturity date of a mutual fund is determined at the time of investment and is usually fixed for the entire duration of the investment.

However, if your mutual fund investment is in a fixed-term fund, it may be possible to exit the fund before the fixed tenure is over, although this may involve paying exit loads or other charges.

If you want to change the tenure of your investment, you may need to redeem your existing investment and reinvest in a new mutual fund scheme with a different tenure. However, this may result in tax implications and may also involve transaction costs.

It is important to carefully consider your investment goals and time horizon before investing in mutual funds to ensure that you select a scheme with a tenure that aligns with your needs. Additionally, it is recommended to consult with a financial advisor before making any changes to your investment portfolio.