Mutual Fund Q&A, Tax on Liquid Fund, December 15, 2017
Date: 17-12-2017 Views: 944
In this video, we answer viewer query about tax on liquid funds.
Edited Highlights
0:15 In this video, we take the question of Jinender Thakur related to tax on liquid funds
1:42 90 days is the maturity of the securities in which liquid funds invest. These are short tenured securities
1:43 This is the reason why you can so easily get the money out of liquid funds
2:13 You need to stay invested in liquid funds for 3 years to take advantage of the benefits of long term capital gains tax
2:24 This means getting inflation indexation benefits
2:55 This is quite useful for people in the highest 30% tax slab
3:03 Long term capital gains rate here is 20%
