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How Are Liquid Funds Taxed
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Three things that you must know about the impact of tax on liquid funds, offered by mutual funds.Website: www.fundoomoney.comEdited highlights
0:31 How are liquid funds taxed?
2:11 Liquid funds invest in debt securities such as government debt securities and corporate debt securities
2:18 The maturities of these securities are of 3-6 months
2:23 In liquid funds, you don't face the fluctuation of returns and they are very liquid
2:28 You can access your money very easily
2:32 Liquid funds great to earmark of emergency needs and be part of your emergency fund
2:50 If you hold the liquid fund investment for less than three years, the capital gains get added to your income and taxed according to your tax slab
3:08 If you hold the liquid fund investment for more than three years, you get the benefit of inflation indexation
3:20 The cost at which you acquired the units gets enhanced by the inflation index
3:25 The amount of capital gains for taxation purposes becomes lesser
3:30 You have to pay 20% of the lessened amount of capital gains as tax
3:41 If you opt for the dividend option of the liquid fund, the fund house pays dividend distribution tax (DDT)
3:51 In your hands, it is tax-free
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