Sentences with phrase «redeem after your investment»

Today, if you redeem after your investment completes one year, say on 10th Aug 2018 and the NAV on that day is Rs. 18, then you will have to pay tax on Rs. 3 (18 - 15) instead of Rs. 8 (18 - 10) as the date of acquisition has changed from the actual date (August 9, 2017) to the grandfathered date (January 31, 2018).

Not exact matches

With about 70 Lacs of my savings being planned for Equity investment for the next 3 yrs, I was hoping to reap the returns from the Equity MFs ie redeem the «gain portion» say after 3 years (year by year)..

Equity oriented balanced funds have similar tax treatment as Equity mutual funds, i.e. Tax free after 1 year and 15 % tax if redeemed before 1 year of investment.

Dear Biswadeep, If your investment horizon is say 3 years, that is you invest for 3 years and redeem after completing 3 years.

Reinstatement Privilege If all or a part of an Account Owner's Class A Units in the Advisor Plan are redeemed in connection with a withdrawal or transfer, and the Account Owner purchased the Class A Units subject to an Initial Sales Charge or paid a CDSC on their redemption, the Account Owner may reinvest an amount equal to all or a portion of the redemption proceeds in Class A Units of the same Investment Portfolio or any other Investment Portfolio at the Net Unit Value, without the imposition of an Initial Sales Charge, next determined after receipt in good order of the contribution, provided that such reinvestment is made within one year of the withdrawal or transfer.

Investors who wish to redeem / withdraw all the units (the entire balance including dividend reinvested) after three year lock - in period of the original investment can not do so, due to lock - in of each transaction of dividend reinvestment, leading to confusion and investor grievances.

So you won't have to pay any tax if you redeem after 12 months from the investment.

Most equity funds have an exit load of 1 % if redeemed before a year from investment and no exit load if redeemed after a year.

So, in order to not pay any tax, you should redeem your investment made in January 2017 after one year, that is, after January 2018.

The income is charged under Long Term Capital Gains if investment done on any asset (except mutual funds / shares) is redeemed after twenty four months (previously it was thirty six months).

For mutual funds or shares, the income will be taxed as Long Term Capital Gain if the investment is redeemed after twelve months.