What’s the impact of LTCG tax on equity mutual funds?

The Budget 2018 has changed how long-term capital gains tax on equity mutual funds will be levied from April 1, 2018. Here's how the new tax regime will apply to individuals:

What is the budget proposal of LTCG (long-term capital gains) tax on equity mutual funds?

Till now, investors, who invested in equity mutual funds and sold them after holding them for more than a year, paid zero LTCG tax. In this year's budget, the government ..

Read more at: https://economictimes.indiatimes.com/articleshow/62829484.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Source: Economic Times

MFs log Rs 1 lakh crore in flow in Jan; push AUM to Rs 22.41 lakh crore

Investors have pumped over Rs 1 lakh crore into mutual funds in January, driving the industry assets base to an all-time high of Rs 22.41 lakh crore, latest update with Amfi showed.

According to Association of Mutual Funds in India (Amfi) data, investors have poured in a net Rs 1.06 lakh crore in mutual fund schemes last month as compared to a pullout of Rs 1.75 lakh crore in December.

The latest inflow has been mainly driven by contributions from liquid or money market funds, and equity, equity-linked saving schemes.

Individually, liquid funds - investments in cash assets such as Treasury Bills, certificates of deposit and commercial paper for shorter horizon - witnessed an inflow of Rs 96,552 crore. Besides, equity and equity-linked schemes attracted over Rs 15,000 crore.

In contrast, income funds saw an outflow of over Rs 9,800 crore and gold ETFs continued to see a pullout of Rs 110 crore.

The latest inflow has also helped in pushing the AUM of the countrys 42-player mutual fund industry to a historic high of Rs 22.41 lakh crore at the end of January from Rs 21.26 lakh crore at December-end 2017.

Source: PTI

Disclaimer – This document is for general information only and does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. This document provides general information on performance; financial planning and/or comparisons made are only for illustration purposes. The data/information used/disclosed in this document is only for information purposes and not guaranteeing / indicating any returns. This material provides general information and comparisons made (if any) are only for illustration purposes. Investments in mutual funds and secondary markets inherently involve risks and recipient should consult their legal, tax and financial advisors before investing. Recipient of this document should understand that statements made herein regarding future prospects may not be realized. Recipient should also understand that any reference to the indices/ sectors/ securities/ schemes etc. in the document is only for illustration purpose and should not be considered as recommendation(s) from the author or L&T Investment Management Limited, the asset management company of L&T Mutual Fund or any of its associates. Recipient of this information should understand that statements made herein regarding future prospects may or may not be realized or achieved. Neither this document nor the units of L&T Mutual Fund have been registered in any jurisdiction except India. The distribution of this document in certain jurisdictions may be restricted or totally prohibited and accordingly, persons who come into possession of this document are required to inform themselves about, and to observe, any such restrictions.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

CL05226