Mutual funds

Hi all,

I have a query with respect to mutual funds..An individual has invested in mutual funds and redeemed the units within a period of one year from the date of purchase. So the difference is chargeable to capital gain tax on the slab rate. In between the date of purchase and sale, the individual has shifted the units to different schemes of the same fund. For example, from monthly dividend scheme to weekly dividend scheme and from dividend to growth scheme. My query is whether change in scheme also will be considered as transfer for capital gain tax or only the redemption will be considered as sale and chargeable to tax.

thanks in advance.