Do I have to pay tax if I suffer losses on my mutual fund investments? Exemptions, capital gains, and other key details
Mutual Fund Tax Treatment: As per Indian tax laws, any equity fund with more than 65 per cent exposure in Indian equities are defined as an “equity funds” for tax purposes. Gains from equity funds are taxed at 15 per cent if sold within 12 months (short-term capital gains), and at 10 per cent, if sold after 12 months (long-term capital gains).
In terms of debt funds, earlier these had a beneficial tax rate. However, from the 2023 budget onwards, all such funds are taxed at your marginal tax rate. Photo: Unsplash/Representational