Switching from Regular to Direct - Basunivesh

Q & A Forum › Category: Mutual Fund › Switching from Regular to Direct

kavinvijay asked 1 year ago

I have invested few Mutual funds in Regular scheme. Now i want to switch to Direct.
All investments are completed 1 year. So. no exit load. do i need to check any other things before giving switch.
please let me know

Question Tags: Switching from Regular to Direct

3 Answers

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basunivesh Staff answered 1 year ago

If all units completed a year (in case of equity funds) and also there is no exit load, then you can switch to direct funds without any worries.

kavinvijay replied 1 year ago

do i need to wait for Market Up and switch to direct fund?. is there any benefit

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basunivesh Staff answered 1 year ago

How the market up and down matters when you are JUST SWITCHING FROM REGULAR TO DIRECT???

kavinvijay replied 1 year ago

Just want to know if there any tax applied if we switch from regular to direct.

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basunivesh Staff answered 1 year ago

Switching is nothing but withdrawing from regular fund and freshly investing into direct funds. Hence, you have to pay the applicable tax rate as per the type of the fund and holding period.