Changing MF units from regular to direct: is it redemption and invites tax?

I had some Mutual Fund units bought through stock broker. I realized that REGULAR schemes pay commission to agent, so requested Mutual Funds to convert them to DIRECT.

Now AIS shows these units as redeemed.

Do I need to pay tax on all such conversions as if the units were first redeemed from REGULAR scheme and then reinvested in a new DIRECT scheme?