tax saving

Magic of compounding: ₹1 lakh investment in THIS mutual fund at launch would have swelled to ₹14 lakh in 17 years

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Magic of compounding: ₹1 lakh investment in THIS mutual fund at launch would have swelled to ₹14 lakh in 17 years

If you are contemplating investment in a mutual fund scheme, it is normal to examine its past returns. While looking at the trend of historical returns for a year or two usually can offer some insights, it often does not give a complete picture of how the scheme has fared over a period of time. … Read more

How you can save 60% in taxes by selling listed bonds after 12 months

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How you can save 60% in taxes by selling listed bonds after 12 months

Fixed-income investments such as fixed deposit (FD) interest, bond interest, and debt mutual funds are typically taxed at the marginal rate (slab rate). The 2023 budget had abolished the benefit of long-term capital gains tax or LTCG for debt mutual funds. However, there’s a notable exception in the tax system for certain bond transactions. If … Read more