| Risk Level In Mutual Funds |Mutual Fund Companies |Classification Of Mutual Funds | Tax Benefit In Mutual Funds |New Fund Offer NFO | Initial Public Offer IPO |
|
|
||
| ||
| Tax Benefit In Mutual Funds |
| 1) 100% Income Tax exemption on all Mutual
Fund dividends 2) Equity Funds - Short term capital gains is taxed at 15%.Long term capital gains is not applicable. Debt Funds - Short term capital gains is taxed as per the slab rates applicable to you. Long term capital gains tax to be lower of - 10% on the capital gains without factoring indexation benefit and 20% on the capital gains after factoring indexation benefit. 3) Open-end funds with equity exposure of more than 65% (Revised from 50% to 65% in Budget 2006) are exempt from the payment of dividend tax for a period of 3 years from 1999-2000. Note: Equity Funds are those where the investible funds are invested in equity shares in domestic companies to the extent of more than 65% of the total proceeds of such funds. |
