Know the tax rules before making the switch
If I transfer my investment from an ELSS fund to an equity-oriented fund within the same AMC through a systematic transfer plan (STP), will it attract long-term capital gains (LTCG) tax? - Sreekanth N V Yes, switching from an equity-linked savings scheme (ELSS) to another equity-oriented fund via STP (systematic transfer plan) will trigger LTCG tax, even if both funds belong to the same asset management company (AMC). A
This article was originally published on March 03, 2025.
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