Finance Minister Arun Jaitley had in his Budget speech announced the imposition of long term capital gains tax on equity gains of over Rs 1 lakh on transfer of shares or
units of equity mutual funds.
Not exact matches
Performance for Class A
units of Renaissance U.S.
Equity Income
Fund and the number
of mutual funds in the
Fund's U.S.
Equity category for the period ended December 31, 2017 is as follows: 4.6 %, 1300
funds (1 year), 12.2 %, 891
funds (3 years) and 15.0 %, n / a (since inception September 16, 2013).
Performance for Class A
units of Renaissance Global Science and Technology
Fund and the number
of mutual funds in the
Fund's Global
Equity category for the period ended December 31, 2017 is as follows: 31.1 %, 1525
funds (1 year), 18.3 %, 1034
funds (3 years), 21.1 %, 748
funds (5 years), 11.9 %, 363
funds (10 years) and 7.1 %, n / a (since inception October 28, 1996).
Any capital gains on redemptions
of Equity mutual funds after 1 year
of holding the
units are exempted from income taxes.
There are
Mutual Funds (debt,
equity, hybrid, over 50 schemes), Direct Stocks (30
of them),
Unit Linked Insurance Plans (who doesn't have them), Endowment and Money Back policies (another 5 in all), Post Office Deposits, Bank Fixed Deposits, National Savings Schemes, Public Provident
Fund, Corporate Deposits, Infrastructure Bonds, Land and Gold (physical as well as through ETFs).
If your holdings
of an Arbitrage
Equity mutual fund scheme are less than 1 year old i.e. if you withdraw your
mutual fund units before 1 year, after making a profit, then the profit will be considered as Short Term Capital Gain.
The benefit
of investing through an
equity mutual fund in an SIP format is that you are buying
units irrespective
of how the market behaves.
But do an «opportunity cost» analysis, means if you surrender the
units of both policies and invest in
Equity oriented
mutual funds for long term (depends on your financial goals), analyze if you can get decent returns over & above the expected returns from ULIP
funds.
Stocks (
equity investments), debt instruments, income trust
units,
mutual funds and other forms
of investments that are issued in the securities markets.
Some investments that you many consider under Section 80C are: Life insurance premium paid towards self, spouse or child, contribution towards statutory provident
fund or superannuation
fund, contribution towards public provident
fund scheme, subscription to
units of mutual fund equity linked saving scheme notified by the central government, etc..
But do an «opportunity cost» analysis, means if you surrender the
units of both policies and invest in
Equity oriented
mutual funds for long term (depends on your financial goals), analyze if you can get decent returns over & above the expected returns from ULIP
funds.
ETFs combine the
unit valuation system
of mutual funds with the stock valuation system
of equities.
Being a prudent investor, Mohan built up his financial portfolio with a SIP in an
equity mutual fund, a
Unit Linked insurance plan (ULIP) and also invested some money in a fixed deposit scheme
of his bank.