News From Press Changing portfolio and tax implications

Changing portfolio and tax implications

Source: New Indian Express Aug 16, 2022

When you buy a mutual fund and sell it after some time, you will pay some tax. This tax is called ‘Capital Gains Tax’. However, there are some completely unintended actions of yours which could lead to a huge (really huge) tax burden! This is WITHOUT selling your mutual fund units. Well, technically your funds went from one scheme to another, but you did not sell.

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