Three rules for any equity MF redemption inside the first 13 months
The 48 hour gap is the same volatility risk you took for 364 days. The reward for those 48 hours is four percentage points of net return. Skip them and you donate the alpha you waited a year to earn.
RULE 01
Mark the buy date. The 1Y clock starts on that NAV, not on the new financial year.
For a lump sum, unit allotment date is the start. For SIPs each instalment has its own clock. Set a calendar nudge for day 367 on every buy and you remove the entire problem.
RULE 02
SIP redemption is FIFO. 12 months in does not mean 12 months out.
AMC releases the oldest units first. If you started SIPing 13 months ago, only month 1 is past the cliff. Sell everything today and most of the cheque comes back taxed as short-term.
RULE 03
Exit load and STCG stack on the same trade. Both clear on the same day.
Day 366 is the only date that drops both bills together. Build the redemption around that boundary and the Rs 1.25L LTCG exemption rather than around when your EMI is due.
The line that pays
A 365 day hold and a 367 day hold are not the same trade. The market does not know the difference. The taxman does. The cheque does too.
Concept walk-throughs on tax mechanics, rebalancing, and exit-load math live in the Learn library.
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