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:
This article was originally published on November 16, 2015.
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