The taxation rules for debt mutual funds have changed from April 1, 2023. Most of the common debt investment options are taxed at the income tax slabs applicable to their income. However, LTCG on this debt investment option is still taxed at 10%. Read on to know which debt investment is this.
Bank fixed deposits (FDs) are losing popularity as a long-term investment option due to lower returns and limited flexibility. Debt Mutual Funds (DMFs) offer higher returns, making them a better choice for investors
The tax implications of income earned from shares, mutual funds and ETFs (Exchange Traded Funds) largely depend on the type of investment, the holding period and the amount of profit earned