Same scenario . Rs 10L invested . Rs 12L paper value . redemption today or in 48 hours
Three lines move at the cliff. Exit load drops. STCG flips to LTCG. The exemption appears. Stack them on one cheque and the gap is bigger than the gain you would have earned in another four months of holding.
Rs 12000
1 pct on Rs 12L NAV. Most equity MFs charge this under 1Y.
zero
Past the 365 day boundary. Load schedule sunsets.
Rs 37600
STCG 20 pct on Rs 188000 net gain. No exemption.
Rs 9375
LTCG 12.5 pct on Rs 200000 minus Rs 125000 exemption.
Rs 49600
24.8 pct of the on-paper gain handed over to fee and tax.
Rs 9375
4.7 pct of the gain handed over. The rest stays yours.
Net cheque
to the investor
Rs 40225 . 4.02 percentage points of net return . on the same fund . over 48 hours. And this is the lump sum case where one buy date controls one sell date. An SIP redemption is worse, because each instalment carries its own 1Y clock and the AMC releases units FIFO.