I’ve invested in a few mutual funds through an app I don’t really use anymore. I’m considering redeeming all those units and then reinvesting the same amounts (in the same proportion) into the same mutual funds, but through a different app.
My doubt is: does this affect compounding or future returns in any way?
I understand that after reinvesting I’ll probably end up with a different number of units, but will this move impact how my investments grow going forward?
Would love clarity before I actually switch apps.
Edit: i Will pretty much not have any tax consequences due to volume of profit and my tax bracket…. I’m still a student.