Understanding Mutual Fund CAGR & Compounding
Mutual Funds invest across equity and debt securities managed by professional fund managers. Understanding CAGR and tax brackets helps build long-term wealth.
Frequently Asked Questions (FAQs)
What are the new Capital Gains tax rates on Equity Mutual Funds (Budget 2024)?
Budget 2024 revised Long-Term Capital Gains (LTCG) on equity mutual funds held for more than 1 year to 12.5% (with an increased annual tax exemption limit of ₹1.25 Lakhs). Short-Term Capital Gains (STCG) on equity funds held for 1 year or less are taxed at 20%.
