Switch Dividend based MFs to Growth based MFs

General
1

Hi, I just want to know, @Bhuvan @Lets_Invest @lindo
Would it be a wise decision to redeem all money from Dividend equity MFs (by paying 1% exit load) and invest in Growth MFs (in order to save 10% DDT)?
Plz make me correct if I’m wrong in my calculation
I’ve invested 2 Lakh in Dividend pay equity MFs and the average dividend payout is 10% annually
Exit load will be =2000 (one-time loss) but I can save DDT 2000 (2lakh*10%*10%) annually.
Am I correct?

2

if you need guaranteed income every month, go for dividend and pay the taxes.
if not and looking for long term wealth creation , then go for growth option.