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Axis mutual fund tax saver application form

axis mutual fund tax saver application form

Mutual Funds are the best tools for long term wealth creation.
Since the switch is considered as normal redemption request (exit), you have to be aware of the tax implications.
Elss equity Linked Saving Scheme ) to save tax under section.7 easy, Flexibility and beasts of prey game Liquidity : SIP is easy to start, manage and stop.And The Bank of Nova Scotia (In case of Axis Gold ETF).However if you have invested in Regular fund without mentioning any distributor code then exit load is not applicable.While the process may look little complicated in the initial stages, it should be easy while investing in subsequent schemes.Kindly note game hp cross x7 that investing through icici Direct or any online distribution platform does not mean you are investing in Direct plans of mutual funds.expense Ratio : The Direct plans have lower expense ratio than Regular plans.Regular to Direct Switch Exit Loads Tax Implications If you are switching from Regular scheme to Direct scheme, this is considered as normal redemption (exit) only.You are here: Home mutual Funds / Direct Mutual Fund Plans : Details Benefits.Investors may even be pleased when prices fall because the fixed rupee investment would now fetch more units 6) What is your equation to investments: earn- spend- save OR earn- save- spend, the first is a wrong way of investing.But if you start saving a small amount every month/quarter through SIPs that is treated as sacred and that is set aside for some purpose, you have a far better chance of making that down payment on your house or getting your daughter married without.Also, TDS is applicable on the switch requests submitted by NRIs.For example : If you invest Rs 1 Lac in a Regular plan which generates say 14 return in 15 years, the accumulation amount can be.13 Lakh.In the race to get higher returns, it could be disastrous if you invest in a wrong Direct mutual fund product and make 10 lower returns than its fund category.This is a good discipline since it forces the investor to commit cash at market lows, when other investors around him are wary and exiting the market.Benefits of Systematic Investment Plan.NAV : The Net Asset Values of Regular and Direct plans of the same scheme differ.Based on your written switch request, the units under Regular plan will then be converted as Direct plan units.