6 replies on this article “Mutual Fund Switching”

1. Muthu Krishnan V says:

   May 14, 2012 at 1:54 pm

   short term capital gains (google it up)

   Reply
2. Amit says:

   May 14, 2012 at 10:10 am

   What is STCG?

   Reply
3. ashal jauhari says:

   May 14, 2012 at 9:36 am

   Dear Amit, apart from exit load (usually 1%), the STCG if any ‘ll be taxed @ 15.45% rate.

   Thanks

   Ashal

   Reply
4. Amit says:

   May 10, 2012 at 1:07 pm

   Thanks a lot…

   Reply
5. justgrowmymoney says:

   May 10, 2012 at 12:18 pm

   A simpler option would be take the Dividend payout and invest it in Growth scheme. After the initial corpus completes 1 year you can move that corpus to Growth. What is the hurry to move to growth scheme?

   If there is any misconception that growth schemes grow faster you need to understand that in detail. Assume the scheme pays dividend every year on May 10. Then between May 10, 2012 and May 10, 2013 both the Dividend and Growth option will grow the exact amount % wise. In a Dividend scheme the money is paid out so you lose compounding which is why over long durations Growth scheme returns better. If you manage you dividend payouts to be invested in Growth scheme you get the same returns because Dividends are tax free today and there is no entry load whatsoever.

   Reply
6. Muthu Krishnan V says:

   May 10, 2012 at 11:28 am

   it will be treated like a redemption and fresh purchase. exit load will be applicable as well as STCG.

   Reply

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