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.

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Top 4 Tax Saver Mutual Funds for 2017 - 2018

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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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