There are three basic actions that you do with a mutual fund (MF) scheme—buy, hold or sell. A switch from one scheme to another is an extension of a decision to sell and buy. In MF parlance, a switch is when you transfer your money from one scheme to another within the same fund house. If, however, you move money from one fund house to another, it won’t be called a switch, though technically, you would be ‘switching’ money. When switching, bear in mind the amount and date on which you are allotted units in the new scheme.