First, Hello to one and all, I am an avid reader of this forum and would like to thank everyone in advance for sharing the knowledge you guys have on financial matters!!!
My question is regarding Capital gains tax on SIP investments, I am trying to understand how they would be taxed as the investment is staggered. Say for example I started a SIP in 2009 and I invested 1000 RS on a monthly basis for 3 years and in 2011 I am selling the Mutualfund how would the tax be calculated, would I benifit from LTCG tax exemption or would I be liable for Tax. I am not sure how valid this question is, please excuse me if this is a very dumb question!! I am learining and any knowledge is good knowledge!!!