Switching to Mutual Fund Growth option

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A switch from Dividend to Growth option is a redemption and purchase in the scheme, hence the exit load will be charged at available rates...

 

A switch from Dividend to Growth option is a redemption and purchase in the scheme. To put it more lucidly, both plans, growth and dividend have a different NAV. When you withdraw your investments after a year, they will attract exit load depending on the fund's mandate for the same. Now when you switch to the Growth option, this will be considered a fresh purchase and the exit load will be applicable as available, i.e. if the fund mandates exit load up to a year, it will apply on your investment in the growth option for a year.

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

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2. HDFC TaxSaver Invest Online
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4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

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