POSTED BY March 6, 2013 10:55 am COMMENTS (10)ON
I had some holdings of SBI Dynamic Bond fund Direct Plan – Dividend.
I had chosen Dividend option instead of Growth option since Tax will deducted as DDT and I don’t have to worry about.
But, since this year’s budget doubled the DDT on debt funds, I thought I will switch to Growth option (though I have to pay the 1% exit load).
But to my surprise, there was no exit load deducted when I did the switch. Not sure if Direct plans are exempt from Exit loads ?!
(For HDFC Short term Opportunities fund also I was not seeing any exit load deducted when I redeemed before 3 months http://localhost/jagoforum2/exit-load-for-direct-plans/6734/ )