Transfer of mutual funds to coin and tax liability

[prantikv]

Hello there,

I am looking to transfer my mutual funds to coin. I have funds that are over 1 year old. So the question is when I transfer the funds to coin, will the funds be sold and bought, in that case I will be liable for LTCG.

Or does transfer occur and does not have any tax liabilities.

Thanks

[ShubhS9]

@prantikv

I am looking to transfer my mutual funds to coin. I have funds that are over 1 year old. So the question is when I transfer the funds to coin, will the funds be sold and bought, in that case I will be liable for LTCG.

Or does transfer occur and does not have any tax liabilities.

Since you’re transferring units to your own account. There will be no tax implications. Once the units are transferred, you will have to manually enter the buy average for these units. You can check the process here: How to transfer mutual funds from other platform to Coin?