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Mutual funds capital gains

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Student
160 Points Joined April 2021
is switch in or switch out from one scheme of mutual fund to another scheme treated as capital gains?
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On 08 July 2022 at 14:13 Report
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SEO Sai Gr. Hosp.
211539 Points Joined July 2016

Yes, it is equivalent to 'Redemption with new purchase'

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On 08 July 2022 at 14:24
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Student
160 Points Joined April 2021
Ok...thank u Sir😊
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On 08 July 2022 at 14:47
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SEO Sai Gr. Hosp.
211539 Points Joined July 2016

My Pleasure ....      

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On 08 July 2022 at 15:30
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Chartered Accountant
5010 Points Joined March 2020

Yes, it will be treated as capital gain. 

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On 08 July 2022 at 16:19
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Student
160 Points Joined April 2021
Thank u Mam😊
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On 08 July 2022 at 19:45
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Chartered Accountant
86505 Points Joined April 2011
Switch out from one account to other is like selling one and buying other. Same is also taxable under head capital gain
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On 10 July 2022 at 17:02
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Student
160 Points Joined April 2021
Thank u Mam😊
1 Reply
On 11 July 2022 at 08:23
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Chartered Accountant
86505 Points Joined April 2011
Welcome Bhavika
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On 11 July 2022 at 08:33

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