I am planning to invest rs 20000/ m in sip. The fund I selected is L&t emerging business fund direct growth. Its meant for accumulation of a corpus for a long term . I have also invested in kotak select focus fund direct growth rs 7000.
When i checked in various sites its seen as the return of l&t is 53.5% for 1 year and 27.5% for 3 years.
For getting the benefit of 1year return should i need to invest for 1 year and renew it yearly. Or should i invest directly for 5 years.
3 Answers
Hi,
There is no concept of renewal in MF investments. You may remain invested as long as possible.
Are you referring to tax benefit?
If units of equity funds are held for 12+ months, any gains on sale of these units are treated as long term capital gains and are tax-free.
Kindly read :
https://www.relakhs.com/mutual-funds-taxation-rules-capital-gains-tax-rates-on-mfs-fy-201516/
I am not referring to tax benefit. L&T business emerging fund DP growth is selected to accumulate a corpus over a period of time. Is it a good fund
Please login or Register to submit your answer