Tax benifit on MF loss

POSTED BY Nayandeep Saha ON October 3, 2011 6:46 pm COMMENTS (3)

I have recently sold out my Kotak Indoworld Infrastructure fund that I have been holding since Jan-2008 at some loss. Can I claim any tax benifit on that loss I incurred.

And I am about to start an SIP in HDFC Balanced Fund -Growth. This is the only balanced fund that I have in my portfolio. All others are fully equity based. Can anyone tell me how good or bad this HDFC fund is this. Or if there is any other alternative.



3 replies on this article “Tax benifit on MF loss”

  1. G S says:

    HDFC Prudence has a much better record and performance than HDFC Balanced, though both have similar mandates.

  2. Nayandeep Saha says:

    Thanks Manish.

  3. Nayandeep

    No you cant claim the loss .. Only short term capital losses are allowed to set off against the gians in case of Equity . the reasons is that long term capital gians are tax free .

    Also HDFC Balanced fund is a good fund with good long term performance .. keep investing .. look at it at some good interval . not everyday !


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