News From Press Equity mutual funds qualify for LTCG tax in 1 year, debt funds in 3 years

Equity mutual funds qualify for LTCG tax in 1 year, debt funds in 3 years

Source: Mint Jun 8, 2018

Fixed maturity plans (FMPs) are suitable for investors who wish to avoid interest rate risk and are willing to invest in safer debt instruments which would earn marginally higher than savings account and bank fixed deposit. As interest rates head higher, investors would want to lock themselves at these higher rates by subscribing to FMPs, and hence they are getting popular now.

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