POSTED BY February 21, 2011 6:17 pm ONE COMMENTON
I want to know how are long term capital gains calculated for a SIP investment. e.g. suppose i start a SIP in a equity mf on jan 2010 and my last sip instalment ends on jan 2012, in this case if i sell my entire holding in feb 2012, will i accrue the benefit of long term capital tax gain?
Also, what if I sold all my holdings in jan 2011, exactly after completion of 12 months of SIP.?
I am confused if i need to spend more than 12 months after the date of last SIP to gain the benefit of long term gains.