r2i forum

I had been investing through a monthly SIP into SBI Contra until last month. I have discontinued it now and want to withdraw using SWP.
Questions:

1) Let's say I sell 100 units every month. Will the oldest units be sold first or do I have to mention anything in particular to ensure that?
As I understand, there is no exit load if the units are held for more than 12 months.
2) I am assuming that I have to pay some taxes on the amt rec'd after selling. What percentage is that? Also, is that like a TDS or do I have to file later along with tax returns?

Thanks in advance.

1) There is no lot identification in mutual funds. So, always the oldest units are sold first.

2) Correct, no exit load after 12 months.

3) No TDS for resident accounts. I am not sure if they continue to deduct TDS for long term units for NRI.
For equity funds, AMC will deduct STT charges and pay the remaining money to you. You are expected to show the long term gains in the tax return even though there is no tax.