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Friday, October 21, 2016

Either or Survivor Holding Taxation of Mutual Funds




The mode of holding doesn't have any affect on the taxation aspect of your mutual fund. Irrespective of whether your mode of holding is individual' or 'Joint' or 'Either or Survivor' the taxation rule remains the same. Since you plan to invest in equity funds, if you hold them for over 1 year, there will be no tax and if you redeem/sell them within 1 year, the short term capital gains will be taxed at 15 percent.


'Either or Survivor' in mutual funds is an option where either of the holders can perform the transactions in the folio whereas in the Joint option, the signatures of all holders are necessary for any transaction





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