Hi Sreekanth Reddy, Hope you are doing well. Below is my query,
I have been investing in Mutual fund SIP of Equity oriented scheme. Total amount is 35k per month. Which is started on August,2017.
I am planning to purchase home NEXT year 2019,in Pune which is near around 60-70 Laks for that I will required Home Loan, So my planning is to use this SIP fund for Down payment for Home. So if I am redeeming the unit within one year I will have to pay 1% exit Load and 15% STCG Tax, right ?
So How should I go further please help me...
1 Answers
Hi,
May I know what was your investment objective when you started investing in Equity funds?
Yes, your understanding on Tax implications is correct.
Related articles :
https://www.relakhs.com/mutual-funds-taxation-rules-capital-gains-tax-rates-on-mfs-fy-201516/
https://www.relakhs.com/investing-mutual-funds-paying-home-loan/
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