What are the Tax implications of switching mutual funds from regular to direct?

POSTED BY roshan ON August 14, 2014 6:32 pm COMMENTS (2)

Are there any tax implications of switching mutual funds from regular to direct?

Eg: Will there any income tax i need to pay if i switch from HDFC top 200 Growth to HDFC top 200 Growth -Direct ?

2 replies on this article “What are the Tax implications of switching mutual funds from regular to direct?”

  1. Hemanth Chandra says:
    August 15, 2014 at 3:05 pm

    Switch from ‘Regular’ plan to ‘Direct’ plan will be considered as redemption from ‘Regular’ plan and a new investment into ‘Direct’ plan…..

    So, tax implications will be same as that of a redemption only….

    Reply
  2. Viren Phansalkar says:
    August 15, 2014 at 12:23 am

    If the tenure held is more than 1 year, it should be tax free. However, check for exit load.

    Reply

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