Sir.
I had invested 2.25 L in a MF, Regular/ monthly div , in Dec 17.The div was working out to be approx 11%/year.
Now with new budget, the dividend will be reduced by 10%.
Is it advisable/economical to pay 1 % exit load and switch to Growth option before 31 Mar 18. Also, can I shift from regular to direct.
I get good pension and NOT dependent on dividend income.
Anand
1 Answers
Hi,
If you do not depend on dividend income and your investment objective is 'corpus accumulation', you may switch to Growth option before this FY ends.
Watch out for taxes on Short term capital Gains (if any) as switch is also treated as normal redemption.
Related article :
https://www.relakhs.com/switching-direct-mutual-funds-tips/
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