Zero exit load means no charge on switching? | Value Research A switch from regular plan to direct plan is considered a redemption in the existing scheme and a fresh purchase in the desired plan
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Zero exit load means no charge on switching?

A switch from regular plan to direct plan is considered a redemption in the existing scheme and a fresh purchase in the desired plan

You have mentioned that exit load is zero on Axis Long Term Equity Fund. Does this mean I won't be charged anything if I switch from regular plan to direct plan of the scheme?
- Gaurav Mehta

A switch from regular plan to direct plan is considered a redemption in the existing scheme and a fresh purchase in the desired plan. Apart from the exit load, it also attracts short-term and long-term capital gains tax (depending on the holding period), securities transaction tax or STT (on equity investment).

For more details, read, All About Going Direct:


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