News From Press Investors may need more SIPs after new tax

Investors may need more SIPs after new tax

Source: Economic Times Feb 3, 2018

Equity mutual fund investors using systematic investment plans (SIP) as the primary tool to meet their long-term goals could face shortfalls after the introduction of a 10% long-term capital gains (LTCG) tax on such investments.

Over the past couple of years, many financial planners and wealth managers were advocating investors to invest in SIPs to meet their long-term goals.

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