In case of equity mutual fund investments, you pay tax only on short-term capital gains. The current tax rate is 15 per cent on the amount of gain if the fund is sold within one year. If the instrument is held for a year, there is no tax liability. In case of a loss (irrespective of the period of holding), you are not liable to any tax.
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Also, know how to buy mutual funds online:
Invest in DSP BlackRock Mutual Funds Online
Invest in Reliance Mutual Funds Online
Invest in HDFC Mutual Funds Online
Invest in Sundaram Mutual Funds Online
Invest in Birla Sunlife Mutual Funds Online
Invest in IDFC Mutual Funds Online
Invest in UTI Mutual Funds Online
Invest in SBI Mutual Funds Online
Invest in L&T Mutual Funds Online
Invest in Edelweiss Mutual Funds Online
