Capital gain tax on Debt Funds

POSTED BY Biswa Singh ON January 4, 2013 8:44 pm COMMENTS (2)

Dear All,

I have read a nice article on capital gain tax on mutual fund. I am sharing the link

My question is that if the article is correct then do we have to give the long term capital gain tax on HDFC MIP LTG which is basically a debt fund with bit of exposure to equity.


2 replies on this article “Capital gain tax on Debt Funds”

  1. Dear Biswa, the fund in question has Eq. component limit to 20-25% & thus does not qualifies for Eq. fund (having Eq. exposure more than 65%), that’s why the LTCGs are taxable as the rates mentioned already by dear FFC.



  2. of course the article is right. Hemant Beniwal is a pretty competent financial planner.
    You have to pay tax as outlined in the article:

    Without Indexation – 10% tax on capital gains
    With Indexation – 20% tax on capital gains

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