Learn how can one benefit by investing in Mutual Funds. With equity, debt, tax and hybrid funds, one can invest as per their requirement to achieve their goals. Watch this video and invest wisely.
Capital gains on sale of units due to merger of schemes As consolidation of schemes takes place, there is good news for investors. "Merger or consolidation of schemes in order to re-categorise existing schemes as per Sebi orders would not attract any capital gains tax, either short-term or long-term, in the hands of the investor. The government had already amended section 47 of the Income Tax Act to exempt the capital gains arising from the merger or consolidation of mutual fund schemes. with effect from April 1, 2016.. What this means is that when a scheme is merged, you will not be taxed on the long and short term gains you will make whenever you will sell the units.
Fund managers are betting big on the IT sector, on the back of an improving global macro environment, depreciating rupee and rise in IT spends. As per data from SEBI, equity exposure of domestic mutual funds to the IT sector reached an all-time high of Rs 72,891 crore in May 2018 a year-on-year rise of 63 per cent from Rs 44,633 crore. Equity fund managers' deployment in Banking stocks stood at (Rs 1,89,559 crore) followed by Finance Stocks (Rs 97,789 crore), Software (Rs 72,891 crore),Consumer non Durables (Rs 65,545 crore), and Auto (Rs 53,761 crore) in May 2018.
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