Although the recently proposed tax on property sales is being reduced, long-term capital gains tax on shares and mutual funds It remains the same. It has been seven years since this tax was introduced and the only change has been the increase in the rate from 10% to 12.5% this year. This is now the … Read more
Focused mutual funds, which invest in a concentrated market briefcase of stocksare gaining traction among investors with the category’s asset base growing to Rs 1.43 lakh crore in three months ended June 2024, marking a 31 per cent increase over the previous year. Interestingly, some of the focused funds offered by the Mutual fund Houses … Read more
Union Mutual Fund has announced the launch of Multi-asset allocation fund of the European Unionan open-ended scheme that invests in stocks, debt, gold and/or silver. The new fund offer or NFO will open for subscription on August 20 and close on September 3. The scheme will again open for continuous sale and repurchase within five … Read more
The Union Budget 2024 introduced fundamental changes in the capital gains tax structure, affecting international investors and gold mutual fundsas well as equity funds of funds (FoF). These changes include a reduced holding period and a revised tax rate for long-term capital gains (LTCG), while the tax rate for short-term capital gains (STCG) remains unchanged. … Read more
