Switching to dividend option in Mutual Fund

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Switching from growth to dividend plan involves a redemption from your existing scheme and a fresh purchase in the desired plan

Switching from growth to dividend plan (and vice-versa) involves a redemption from existing scheme and a fresh purchase in the desired plan. This is so because the growth and dividend plans have different NAV. Dividend plans have lower NAV than growth plans as they pay out the gains while growth plans re-invest the same.

However, Capital Protection Oriented schemes are closed-end. You cannot redeem, and therefore switch, from these schemes before maturity. In order to exit, you can only trade them on the exchange where liquidity is low. Even if you are able to exit through exchange, you won't be able to invest in the dividend option because investments in closed-end schemes can be made only during the NFO.

 

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief ‘96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

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Best Performing Mutual Funds

1. Largecap Funds Invest Online
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2. Large and Midcap Funds Invest Online

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4. Sector Funds Invest Online

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2. Reliance Banking Fund
5. Tax Saver MutualFunds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund
6. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund