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| Name | How to reduce the impact of LTCG Tax from your Equity Mutual Funds ? |
| Video Uploader | Video From Market Maestroo |
| Upload Date | This Video Uploaded At 26-02-2018 09:30:00 |
| Video Discription | Namaskar Dosto Aaj Hum bat krenge ki Kaise aap Equity Mutual Funds se LTCG TAX remove kar sakte hai.. Tarika bhut hi simple hai jo ki humne is video me apko bataya hai ki kaise aap 10% ka LTCG tax bde hi asani ke sath reduce kar sakte hai aur Maturity amount bina LTCG tax ke paa sakte hai. If you are holding equity oriented mutual funds then LTCG tax of 10 per cent would be applicable on your gains, provided you have held the units for more than one year. For holding period below one year, short term capital gain of 15 per cent is applicable and that has been in existence for several years Everyone seems to be of the opinion that given that the gain has been grandfathered, there is no point in exiting your investment based on the introduction of LTCG tax. However, based on the way mutual fund investment is largely done, there is a distinct possibility of reducing the impact of the LTCG tax to a very large extent Most of us invest our money through intermediaries like brokers and advisors. If that is how you invest then most likely you are holding regular plan of mutual fund schemes. You can reduce the impact of LTCG tax on current holding to at least some extent by switching your investment from Regular Plans to Direct Plans if you plan to hold on to the investment for at least one more year Direct plans are replicas of regular plans in terms of shares and other assets they invest in, except in case of the direct plan, the investment is done by the end user without any broker or intermediary. Mutual funds do not have to pay commission to intermediaries and hence the return on the direct fund (especially equity oriented fund) is higher. This difference could even exceed 1 per cent p.a. Let's say that you plan to hold on to these units for another three years and expect a return of 10 per cent p.a. In three-year time, the value of your holding in the regular plan will be Rs 13.31 lakh. Assuming the NAV of 20 pertained to 31st Jan 2018, you need to pay tax 10 per cent LTCG on Rs 3.31 lakh that you have made over the value for Rs10 lakh beyond 31 Jan 2018 The additional return generated by the direct fund would help us offset at least some impact of 10 per cent LTCG tax on existing MF holding if they are in regular plans. Take help of your financial advisor, if required. To umeed hai apko ye video pasand ayega Facebook: https://www.facebook.com/MARKETMAESTROO Twitter : https://twitter.com/marketmaestroo Youtube : https://Youtube.com/marketmaestroo For any BUSINESS INQUIRY - marketmaestroo@gmail.com |
| Category | Education |
| Tags | How to remove LTCG Tax from your Equity Mutual Funds ? | LTCG Tax Calculation | Direct plan vs Regular Plan | LTCG tax on equity mutual funds | direct plan in mutual funds |
