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Selling Mutual Funds: What Happens When You Liquidate?
Buying and selling mutual funds works a bit differently from buying and selling shares of stock or ETFs. When a mutual fund is sold, it is called a redemption.
Selling mutual funds tax implications
Mutual funds typically keep cash reserves to cover investor redemptions so they aren't forced to liquidate any portfolio holdings at inopportune times.
But what happens when investors want to take that step and redeem their shares?
The process is actually quite simple.
Key Takeaways
- When an investor sells mutual fund shares, the redemption process is straightforward, but there might be unexpected charges or fees.
- Class A shares usually have front-end sales loads, which are fees charged when the investment is made, but Class B shares may impose a charge when shares are sold.
- Some mutual funds charge early redemption fees to discourage short-term trading.
- An exchange fee is a fee charged when an investor swaps one mutual fund for another with the same fund family.
- Investors might owe taxes when capital gains are realized on the sale of fund shares in a taxa
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