Thank you for reading, appreciate the kind words 
So the guy in the office is both right and wrong. From a taxation perspective, he’s right. Switching an MF is the same as selling and buying. From a technical perspective, he’s wrong. The AMC accounts for it separately, doesn’t need to return the money to you, and there’s a record of how much money is switched from an existing fund versus how much is “new”.
Hope that helps!
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