Issue with 'Replicate Config Home'

Hi,

I am trying to use the 'Replicate Config Home' functionality on PT 8.53.08 but I get the below error. I already have a demo environment hosted at the said config home. Am I missing something? Any help will be appreciated. Thanks!

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PeopleSoft Server Administration
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  PS_CFG_HOME            E:\PSOFT\Config
  PS_HOME                E:\PSOFT\PT853
  PS_APP_HOME            E:\PSOFT\PSF920
  PS_CUST_HOME           E:\PSOFT\Custom

  1) Application Server
  2) Process Scheduler
  3) Search Server
  4) Web (PIA) Server
  5) Switch Config Home
  6) Service Setup
  7) Replicate Config Home
  q) Quit

Command to execute (1-7, q): 7

Please enter the Config Home location from which you wish to replicate: E:\PSOFT