I have invested ₹25,000 in Mirae Asset Emerging Bluechip -- Growth Option. I have held it for almost 11 months and now want to shift it to a dividend-reinvestment option. Is it possible to do that? If possible, will I be charged an exit load?
- Abhijeet Chauhan
You can shift from the growth option of the scheme to dividend reinvestment option of the scheme. But you should remember that it would be considered a redemption in the existing scheme and a purchase in the desired scheme. Mirae Asset Emerging Bluechip charges an exit load of 2 per cent on redemption within 182 days and 1 per cent on redemption between 183-365 days. This means you will have to pay an exit load of 1 per cent if you are shifting to dividend reinvestment option from growth option before 365 days. You can avoid paying the exit load if you can wait for another month.
This article was originally published on January 27, 2016.
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