Tax on NRI MF Investment In India

How are NRI MF investors taxed?

In the case of NRI investors the short-term and long-term capital gain taxes will be deducted at the time of redemption

The short-term and long-term capital gains taxes on mutual funds are the same for Non Resident Indians (NRIs) and Indian investors. The only difference is that in the case of NRI investors the short-term and long-term capital gain taxes will be deducted at the time of redemption. The Double Taxation Avoidance Agreement (DTAA) should help NRI investors to avoid double taxation of the same income in India and their resident country.

Short-term capital gains

Debt: If investments are sold before three years, gains are added to the income and taxed at Income Tax slab applicable to the investor.

Equity: If investments are sold before a year, gains are taxed at 15 per cent

Long-term capital gains

Debt: If investments are sold after three years, gains are taxed at 20 per cent with indexation benefit.

Equity: If investments are sold after a year, nil tax on gains.

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Invest Birla Sun Life Tax Plan Online An Open-ended Equity Linked Savings Scheme (ELSS) with the objective to achieve long-term growth of capital along with income tax relief for investment. After a bad patch from 2008 to 2010, Birla Sun Life Tax Plan has made a big comeback in the last five years, with a particularly good run since 2014. The fund's rankings, which had slipped to two stars in 2011-12, recovered sharply to three-four stars in the last three years. The fund has delivered a particularly large outperformance over its benchmark and peers in the last couple of years. The fund's investment strategy focuses on a diversified and high-quality portfolio, with parameters such as capital ratios and balance-sheet strength used to judge quality. It uses a combination of top-down and bottom-up approaches to take sector/stock positions. The fund avoids highly leveraged plays. Staying more or less fully invested at all times, the fund parks roughly half of its portfoli

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