Is There Tax benifit for large cap diversified funds?

KDevdatt 1
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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

equity-funds large-cap equity-diversified mutual-fund
1 Answers

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.

Pankaj Batra5212
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