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:

    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….

  2. Viren Phansalkar says:

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

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today