Is monthly withdrawal from mip after 1 year taxable?

"Any investment in equity after 1 year is tax free right?"

Right.

So, your systematic (monthly) withdrawal plan, is related to redemption of units/investment in equity/balance fund invested before 12 months............. then no capital gain tax liability.

Sir, the monthly withdrawal will be made after completion of 1 yr, that is, from the 13th month I'll systematic withdrawal.. so no tax liability if I invest in equity/balanced fund but for MIP funds?

Originally posted by : Swady
	Sir, the monthly withdrawal will be made after completion of 1 yr, that is, from the 13th month I'll systematic withdrawal.. so no tax liability if I invest in equity/balanced fund but for MIP funds?

MIP are debt funds and are taxable as per period of holding. Any period less than 3 years is treated as short term for calculation of capital gains, that please note.