Sundaram MF waives off exit load for switching from dividend to growth options

Personal finance
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Please note:

  1. If you have invested in a Sundaram MF Dividend Option in the last 12 months, this is an opportunity for you to switch to Growth option without paying the exit load.

  2. Though, the capital gains/ loss would be applicable while switching from Dividend to Growth option. If the switch results in Short term capital gains, the profits would be taxed at 15%. If the switch from the Dividend option to Growth option results in a loss, the Short term capital loss can be used as a tax harvesting opportunity to set-off against any short term profits or long term capital gains you have made.

  3. If you have invested in a Sundaram MF Dividend Option - Regular Fund in the last 12 months, this is an opportunity to switch to a Direct-Growth Fund without paying any exit load.

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