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 ..
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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.
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