Friends,
In a layman term, can someone explain if we have to pay taxes if we sell the units accumulated via SIP Mutual Investment or Direct Mutual Fund investment. Same applies to Stock too.
I heard Some Equity Mutual Fund after 3 year no tax.
To make it simple, do i have to pay tax if i redeem below MF after 3 years…
HDFC PRUDENCE
BIRLA SUNLIFE FRONTLINE
DSL BLACKROCK TOP 100 EQUITY FUND
HDFC TOP 200
RELIANCE REGULAR SAVING EQUITY FUND
Thanks