How do you take money out of a mutual fund?

You simply have to log-on to the ‘Online Transaction’ page of the desired Mutual Fund and log-in using your Folio Number and/or the PAN, select the Scheme and the number of units (or the amount) you wish to redeem and confirm your transaction.

Can I withdraw money from mutual funds anytime?

An investment in an open end scheme can be redeemed at any time. Investors need to keep in mind any applicable exit load on their investment. Exit loads are charges deducted at the time of redemption, only if applicable.

How do I withdraw money from my mutual fund account?

Most investment companies or banks with online account access will offer a “Trade” link next to your fund information. When you click on this you will usually see the following options: Buy, Sell, or Exchange. To withdraw money from your mutual fund, you will choose the “Sell” option.

How to use the FIFO method for selling mutual funds?

FIFO Method for Selling Mutual Funds 1 Cost Basis Options. When you sell mutual fund shares, you have three choices for calculating the cost basis of the sold shares. 2 FIFO Shares. First-in-first-out cost basis works like it sounds. 3 Mutual Fund Reporting. For any mutual fund shares you bought after Jan. 4 FIFO Effects.

Why should you invest in mutmutual funds?

Mutual funds are a preferred investment option because of their high liquidity, regardless of whether you operate open or close-ended options. The possibility of investing in small amounts is highly attractive to most investors, and when set up the right way, a mutual fund can also help you save your income tax costs.

What is the tax on withdrawal of money from mutual funds?

As mentioned by you there will be no tax on the investments withdraw post 1 year of investment in mutual funds. But according to the recent modifications in the LTCG tax structure all investments in the equity are taxable at a rate of 10\% (Till 1 lakh it is exempt). I might be understanding it wrong.