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Does fund switching attract capital gains tax?

For taxation purposes, switching is considered as redemption from one fund and fresh purchase of another

Does switching of fund attract capital gains tax?
-Ashish Dane

Yes, a tax liability may arise from a switch, depending upon the type of fund and your holding period. Basically, a switch is considered as redemption from one fund and fresh purchase of another for taxation purposes. Therefore, any tax that you would have otherwise paid in case of a normal redemption will also be applicable in case of a switch. To know about the taxation of different types of funds, please read this article.

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