Mutual Funds: How new tax rules impact your investments?

The Union Budget 2024, presented in July this year, introduced some major changes to the tax rules for mutual fund investments, impacting both short-term and long-term capital gains. Investors selling mutual fund units within a year will now face a higher tax rate on their profits. For those holding investments for over a year, the tax on long-term capital gains has slightly increased. However, small investors will benefit from a raised tax-free limit on long-term capital gains, now set at Rs 1.25 lakh.

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