What are the tax implications for my investments with Fisdom ?
Tax implications, if any, only happen on withdrawal. Till you actually withdraw any money, there is no tax. On withdrawal, the current tax rules are: Investments in equity funds: If you buy and sell within one year, then the gains, if any, are taxed at 15%. If you sell after one year, then you need not pay tax upto Rs 1 lac of profit ( LTCG) and for any profits above Rs 1 lac for the financial year, you just pay 10% tax.Investments in debt funds: If you buy and sell within 3 years, then your gains are taxed at your applicable tax rate. If you sell after 3 years, then the gains are taxed at 20% with indexation benefit