HI Team
For all FoF Equity mutual funds such as PGIM India Global Equity Opportunities FoF Direct Growth and international funds ICICI Prudential NASDAQ 100 Index Fund Direct Growth
This is what i found for Tax implications. Is below correct and does 1.25L LTCG exemption apply on this ?
Hello @Vaibhav_Gupta
Yes, the above tax implication is correct, for all this funds that are redeemed within 2 years it would be treated as STCG and would be taxable at slab rate otherwise it would be treated as LTCG and taxable at rate of 12.5%. The LTCG exemption of Rs. 1,25,000 is not available.
Hope this helps !!
