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Thursday, April 20, 2017

Tax on Fund of Funds

  

How Fund of Funds (FoF)  Taxed?


Taxation for fund of funds mutual funds is similar to that of debt mutual funds



Taxation for fund of funds (FoF) is similar to that of debt mutual funds. The redemption will qualify for long-term capital gains tax if your units are held for three years (36 months) or more. The long-term capital gains tax will be 20 per cent with the inflation indexation benefit.
 

If your investments are redeemed before three years (36 months), the short-term gains will be taxed as per your applicable Income Tax slab.





Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 4 Tax Saver Mutual Funds for 2017 - 2018

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund



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For further information contact SaveTaxGet on 94 8300 8300


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