News From Press Opinion | How proceeds from the units of discontinued mutual funds will be taxed

Opinion | How proceeds from the units of discontinued mutual funds will be taxed

Every time money gets paid, the investor’ll have to compute gains or losses

Mint May 29, 2020

Recently, a large mutual fund house announced the discontinuance of six of its debt fund schemes. As per the decision of the fund house, the assets of the scheme would be gradually realized over a period of two or three years, and would be paid to investors on realization. All repurchases and sales of the schemes would be stopped, and it would be only the existing investors who would receive the proceeds.

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