News From Press Govt should remove tax on capital gains when switching between MF schemes: Edelweiss Wealth

Govt should remove tax on capital gains when switching between MF schemes: Edelweiss Wealth

The govt will miss fiscal deficit by 50 bps but markets will react more positively to fiscal slippage with expenditure intact than to “creative” fiscal consolidation.

Money Control Jan 24, 2020

There is no tax when an investor switches from one fund to another in ULIP, a pension plan or NPS, but in case of mutual funds, switching from one scheme to another is treated as a sale transaction and could lead to taxable capital gains, Vinay Khattar, Head Research, Edelweiss Wealth Management, said in an interview with Moneycontrol’s Kshitij Anand.

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