Mutual funds after lock in period
This query is : Resolved
Guest
Guest
(Querist)
30 December 2011
I had invested in Mutual Fund (Growth Scheme) having Lock in period of 3 yrs.
(1)After Lock in period when i recover on Current NAV than are the receipts Taxable ?
As per Capital gains if my year of holding exceed more than 1 yr than my receipts will be exempt.
What will be implication of TAX on maturity ?
(2)And what if i Sell the Mutual Fund before Lock in Period though it Exceed more than 1 yr of holding . What will be the TAX implications?
(1)After Lock in period when i recover on Current NAV than are the receipts Taxable ?
As per Capital gains if my year of holding exceed more than 1 yr than my receipts will be exempt.
What will be implication of TAX on maturity ?
(2)And what if i Sell the Mutual Fund before Lock in Period though it Exceed more than 1 yr of holding . What will be the TAX implications?
31 December 2011
Generally they will not allow you to withdraw before lock in period. It exempted after lock in period......
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