You left last year's fund for a hotter one.
Moving it cost 3.6 percent first.
41500
Rupees off an 11.5 lakh pot. Capital gains tax plus the exit load, handed over just to switch. Before the new fund earns a thing.
A friend runs this play every March. Sell whatever lagged last year, buy whatever tops the one year chart. Feels like housekeeping. I asked him what the move itself costs, before the new fund does anything at all. He had never once counted it.