Is their any Tax Liability on redemption of Mutual Fund under SIP ?

POSTED BY Amit Gulati ON October 3, 2013 10:57 pm ONE COMMENT

Hi I need some advice

I started investing in yr 2008 under two HDFC schemes (Equity Fund ) & top 200 under SIP. If i reedeem amount say uptill year 2012 , is their any tax liability ?

Thanks in advance

Amit

One reply on this article “Is their any Tax Liability on redemption of Mutual Fund under SIP ?”

  1. ashalanshu says:

    Dear Amit, the SIPs which have not completed 1Y of holding ‘ll be taxable for gains if any. Anything more than 1Y old is tax free.

    Thanks

    Ashal

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

You are subscribed for FREE Course now, Check your Email

CONGRATULATIONS

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

You are subscribed for FREE Course now, Check your Email

CONGRATULATIONS