Yes, you can change from growth to balance or fixed investment scheme based on your needs. There are many scheme provides different scheme to transfer from one scheme to another scheme. It is more important for you to get transfer the funds but the terms and the structure do not change. It is important to select the mutual funds based on your needs. There are various range of schemes provides the facilities to transfer the funds from one scheme to another. It is more important to get proper facilities as require by you.
Yes, once you apply for the change in the scheme than you can get the letter from the mutual fund company about the changes made in the mutual funds. It is more important to take the advice and get the changes as per your needs. The company gives proper facilities to transfer from one mutual fund to other types of schemes. You can get the letter of confirmation or certificate from the mutual fund company to get the facilities as per your needs.