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NAMRATA (STUDENT)     09 July 2021

Mutual fund if i switch from dividend option to growth within same scheme

Dear Sir,

if i switch from dividend option mutual fund to growth option within same scheme on June 2021

is capital gain tax applicable if i have purchase around 3 years  back.

Thanks



 1 Replies

suhas mfd

suhas mfd   08 September 2021

In case of Mutual Fund investments, switching your investments from one option to another within the same scheme is considered as a sale (redemption).
Hence, the switch will attract exit load (< 1 year) and capital gains tax depending on how long you had invested.

You have not mentioned the category (equity/debt) of ur investment.

For equity funds, LTCG is applicable beyond 1 year period over and above 1lakh gain.

For debt funds, LTCG is applicable beyond 3 years period.

Suhas
Mutual Fund Distributor

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