Really an informative blog from you andI I am following it from few months….I have a small doubt about mutual fund. Let us say, I invested in some balanced fund from March 2016 to Aug 2017 in SIP form or lumpsum (+reinvestment in same folio no). If I want withdraw from the fund in Aug 2017
case 1: SIP
I have to pay any STCG for Aug 2017? (because not all the installments crossed 1 year to get exemption under capital gains(equity funds))
case 2 : lumpsum(+ reinvestment in same folio no)
can I have STCG for Aug 2017?( my lump sum may cross 1 year but not the reinvestment in the fund under the same folio no)
I hope you got my point..
- Units which are invested from March 2016 to August 2016 will be eligible for withdrawal under LTCG and are tax free. However, units which invested from Sep 2016 to August 2017 will fall under STCG.
- Folio number will not matter for taxation but holding period matters.
i reinvested in same folio…
one more the sips to DSP BLACKROCK MICRO CAP FUND STOPPED..WHY ITS HAPPENED….ANY SUGGESTION FOR ALTERNATIVE SIP REPLACE OF DSP FUND….