How to switch from dividend option to growth option in HDFC Prudence Fund

Yes, you can easily switch from dividend payout option to growth option of HDFC Prudence Fund. All you have to do is to sign a switch form and mention the number of units or all units (whatever you want), sign and submit to the AMC.

You can also take help of your mutual fund advisor or switch online by registering on the HDFC Mutual Fund website.

However, while switching the fund from dividend payout option to growth option, you need to keep two things in mind. 1) Exit load may be applicable as you are switching before 12 months. Please check the exit load percentage and the time period on the statement 2) If you are making any profit on the switch, then it will be treated as short term capital gains and tax @15% shall be payable when you are filing your Income Tax returns.

Thanks for writing to us and we hope these suggestions were helpful to you.