Is it right to withdraw my savings from the mutual fund given now I have to pay 10- tax on the benefit? - letsdiskuss
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Abdul Malik

News reporter (CEN News ) | Posted | Share-Market-Finance


Is it right to withdraw my savings from the mutual fund given now I have to pay 10- tax on the benefit?


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Avid Reader | Posted


Agrres. Mutual funds are going to give better returns depite tax. 


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@letsuser | Posted


Since Rs 1 lakh of gains every year are tax free, at the end of every year, you could sell investments that would generate that much returns and immediately buy them again. It would save Rs 10,000 a year, which would of course compound in the future. 


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News reporter (CEN News ) | Posted


Thank you for such useful tips. 


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