Bouncing Back: Why the Market Is Set for an Upward Journey”
As we had predicted earlier, the market was unlikely to fall below the 21,700 level — and that’s exactly what happened. The market touched this support level twice and bounced back strongly. This signals the beginning of a potential recovery phase. From today onward, we […]
TAX IMPACT ON EQUITY MUTUAL FUND
LONG TERM AND SHORT-TERM TAXIn mutual funds, there are two types of taxes applicable on the returns you earn—Short-Term Capital Gains Tax (STCG) and Long-Term Capital Gains Tax (LTCG). The type of tax and the rate applied depend on the holding period and the type of mutual fund (equity or debt).Equity-oriented mutual funds are those […]
WHAT ARE CHARGES IN MUTUAL FUNDS?
There are no additional charges in mutual funds beyond the Fund Management Fee (FMC) or Total Expense Ratio (TER). This fee is recovered from the fund daily before the Net Asset Value (NAV) is declared. Typically, the TER ranges between 1.5% to 2%, depending on the size of the Assets Under Management (AUM), as […]