Mutual fund
This query is : Resolved
01 November 2014
IS DIVIDEND PAID BY MUTUAL FUND HOUSE IS TAXABLE IN THE HANDS OF FUND HOUSE? WHAT WOULD MAKE DIFFERENCE IF ONE IS SELECTING DIVIDEND OPTION & OTHER ONE IS GOING FOR GROWTH OPTION?
19 November 2014
It depends on type of fund.
If it is a non-equity fund (i.e. Debt Fund / FMP / Liquid Fund / Gold Fund / FOF) then Dividend distribution tax is payable by the fund house.
If it is an equity fund, then DDT is exempt.
Whether to go for Dividend or Growth option will depend on investors profile and type of fund chosen.
If it is a non-equity fund (i.e. Debt Fund / FMP / Liquid Fund / Gold Fund / FOF) then Dividend distribution tax is payable by the fund house.
If it is an equity fund, then DDT is exempt.
Whether to go for Dividend or Growth option will depend on investors profile and type of fund chosen.
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