Is There Tax benifit for large cap diversified funds?

Hi pankaj,

I invest Rs. 1000/- each in DSP BR Top 100 REG D, HDFC Top 200 & Reliance GOLD ETF. Are these investments tax free?? I'm salaried.

Thanks!

Devdatt P. Kulkarni

asked Aug 24 '11 at 13:02 by KDevdatt 111


There is no tax exemption on investment for these funds.

But there won't be any income tax on gains earned from equities based funds, if they are sold after a year.

Please note that reliance gold ETF is not a equity based fund, so gains would be taxed as per ongoing tax laws. Currently there is 20% income tax on gains after indexation benefit.

answered Aug 24 '11 at 22:02 by pankaj 5.2k320

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Asked: Aug 24 '11 at 13:02

Seen: 967 times

Last updated: Aug 24 '11 at 22:02