Earlier LTCG tax was zero on equity schemes(Equity mutual funds and shares).  In 2018 budget, Indian finance minister announced Long Term Capital Gain(LTCG) Tax.  Long term capital gains exceeding Rs 1 lakh at the rate of 10 per cent without allowing the benefit of any indexation.  The expectation in 2020 Budget is that revert the LTCG tax for mutual fund ...

Income tax slab for India is defined based on yearly income. Existing tax slab is 0%, 5%, 20% and 30% based on yearly salary. In this blog, we will discuss how to pay zero tax by proper tax planning and investments. Up to Rs.2.5 lakh                                ...

Mutual funds are best investment in long term. 44% americans invest in mutual funds. But the investment ratio is very low in India. Only 4% Indian population invests in mutual funds. Mutual funds are best investment instrument for wealth creation. Due to lack of financial knowledge, Indians are not exploring mutual funds investment. While developed markets have the maximum AUM, ...

Mutual Fund is a regulated way of getting the money from retail investors(like us) and invests the same in a variety of different financial instruments or securities such as stocks, bonds. Each mutual fund invests in group of portfolio based of expected returns and risk. The income earned/loss through these investments by the scheme are shared by its investors. The ...