The late Finance Minister, Mr. Arun Jaitley, reintroduced the long-term capital gains tax in the Union Budget 2018. Previously, capital gains on equity investments were tax-free if held for a year or longer before redemption. Indeed, mutual fund gains are currently taxable. Even if you cannot avoid taxes entirely, there is a way to reduce… Continue reading How to Save Taxes for Long Term by Investing in Mutual Funds?
In recent years, mutual funds as an investment option have gained immense popularity among investors. Be it SIPs (Systematic Investment Plans) or direct mutual fund investments, they are receiving much attention from investors today. The Indian mutual fund industry has grown tremendously in the last ten years. As of January 31, 2012, the AUM (assets… Continue reading Tax Saving Solution: How to plan and invest in top tax saving mutual funds?