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.

Thanks

 

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 !

    Manish

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Your email address will not be published.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