#MUTUAL FUND# #FUND #TAX #BENEFIT

                             # MUTUAL FUND # #TAX BENEFIT#

Mutual funds are trust that pools investor savings. For anybody to start a mutual fund, relevant experience in financial services is mandatory. In mutual fund two scheme are there.

·         lump sum

·         SIP (systematic investment planning).

In the mutual fund three types of fund

·         Equity fund

·         Debt fund

·         Balance fund

Equity fund – Equity fund is a fund that invests in stocks. 

TAX

Long Term Capital Gain(more than 12 months )	0%
Short Term Capital Gain	15%tax plus other charge(surcharge,cess)

Debt fund- Debt funds are mutual funds that invest in fixed income securities like t-bills, corporate paper, commercial paper, call money etc.

Equity fund – Equity fund is a fund that invests in stocks. High risk high return.

TAX

Long Term Capital Gain  (more than 36 months )	20%with indexation benefit
Short Term Capital Gain	Profit added to income

Balance fund – balance fund is the combination of equity or debt.