Hello,
Even though tata divident yield mutual fund’s current equity allocation is 96%,stated allocation range is mentioned as 0-100% for equity and 0-100% for cash/cash equity.
So ,is the LTCG from this fund taxable like debt funds.?
Also HDFC prudence’s equity allocation stated range is 40-75% for equity and 25-60% for debt and cash.
I asked the agent about it,but he is not very clear about the tax part.
Please advise on how these fund gains are taxed because equity allocation can go below 65% as per stated range?
Thanks