Switching of MF & its charges

POSTED BY Chaitanya ON September 14, 2012 6:46 pm COMMENTS (8)

I have been investing in UTI mastershare unit scheme since Jan 2012 through SIP Rs1000/mth. I would like to switch to either 1)UTI opportunities fund or 2)UTI devidend yield.

Kindly suggest which fund i should switch to. Are there any Extra charges for switching, and if there is, then what are they?

8 replies on this article “Switching of MF & its charges”

  1. Karthik says:

    There will be 1% exit load, since your fund hasn’t completed 1 year.

  2. Anand says:

    Forgot to mention short term capital gain tax, since you are switching before 1 year.

  3. Anand says:

    0.25% will be charged as STT (Security Transaction Tax) from source scheme and remaining will be invested in dstn scheme, assuming no entry load.

  4. Dear Chaitanya, what prompted you to invest in first place in the Master share & now what has changed in between that you are thinking to change your investment.

    Please share your views.



    1. Chaitanya says:

      My broker had suggested this, and he was insisting over this. I compared it with Uti opportunities & UTI devidend yield on Valueresearchonline and found that these funds were better

      1. dear chaitanya, forst of all please stop your SIP in this master share scheme. Please start a new SIP in Quantum Long Term eq. fund Growth option. Instead of going through your broker, I w’d like you to opt fundsindia for your MF investment.

        Disclosure – I’m using fundsindia platform for my own investment.



        1. Chaitanya says:

          Ashalji, what is the idea of suggesting Growth option, I have been investing through Devidend reinvestment. I am already a member of fundsindia and have started SIP of 1000 in Quantum long term equity 3 days back. Kindly suggest which option is good. I would stay investing for more than 15 years.

          1. Dear Chaitanya, if you are not going to withdraw in between & also do not need money in between, Growth option is better than Dividend.



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