Do fund house levy any exit load when units of an equity fund are switched from the dividend option to the growth option or vice versa within the exit load time-frame?
- SK Singh
When you switch from the dividend option to the growth option in a scheme, it is considered as a redemption in a scheme and a purchase in another scheme. The fund will charge you an exit load If you are making the switch during the period when the exit load is applicable.For example, if the fund charges an exit load for redemptions before a year, it will apply to your switch to the growth option made within an year.
This article was originally published on October 26, 2015.
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