Comment on Introducing Coin - our Direct Mutual Fund Platform
commented on
28 Mar 2017, 02:59 PM
That’s correct. ELSS you can not shift before lock in expires. As for other MF’s too, tax angle will also come in play, and you can redeem only after 1yr/3yr. as the case may be. Even then in some cases capital gains tax will come into play to deter you from shifting already invested amount. But even then, the idea is brilliant, and would ultimately save you money ( that you were not able to see , till now).