Baroda BNP Paribas Launches New Gold ETF Fund of Fund Looking to invest in gold without the hassle of physical ownership? Baroda BNP Paribas Mutual Fund has launched the Baroda BNP Paribas Gold ETF Fund of Fund (FoF), offering a simple way to gain exposure to the precious metal. The New Fund Offer (NFO) is … Read more
Joint Mutual Fund Holdings & AIS Discrepancies: What a Housewife Should Do Scenario: Mr. A and Mrs. A hold mutual funds jointly. Mr. A regularly invests from his savings and files his income tax returns. Mrs. A is a housewife, and her income is below the taxable limit, so she doesn’t file an ITR. However, … Read more
Understanding how capital gains tax applies to your mutual fund investments is crucial, especially when filing your Income Tax Return (ITR) for FY2024-25. Many taxpayers find this area confusing due to the different types of funds and holding periods. Let’s break down what you need to know. Key Changes for FY2024-25 The Union Budget 2024 … Read more
If you’re considering rebalancing your mutual fund portfolio by selling some units and reinvesting the proceeds, it’s crucial to understand the tax implications. Many investors assume that simply moving money from one fund to another, especially within the same fund house, might be tax-exempt. However, as explained by CA Foram Naik Sheth of NPV Associates … Read more
If you’re rebalancing your mutual fund portfolio in India, be aware that you’ll likely incur tax liabilities, even if you reinvest the proceeds. This applies whether you switch funds within the same Asset Management Company (AMC) or move to a different one. The Golden Rule: Switching = Redemption = Taxable Event Under Indian income tax … Read more
Mutual Funds Dive into ITC, IndiGo, Swiggy, and Paytm in May; BSE and Coforge on the Sell List May was a busy month for mutual fund (MF) managers, with significant buying activity in several prominent Indian companies. Data compiled by Nuvama Institutional Equities reveals where MFs placed their bets and which stocks they offloaded. Big … Read more