The period for exemption on LTCG on mutual funds has been increased to 3 years from the earlier 1 year. Should this be or does it apply to investments made after April 1, 2014 only because i held on to my earlier investment even after one year as i was of the view that it would be exempt. if one had known that the period would be increased then i would have sold my funds last month when markets were at the peak.