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Should I pay long-term capital gains tax?

Franklin India Pension Plan is a debt-oriented hybrid scheme

I have turned 58 years and during 2015-16 I have sold a part of my Franklin India Pension Plan (G) units which were bought in 2000 and 2001. Is the Long Term Capital Gains Tax exempt as with equity-oriented funds or is there any tax payable?
- Sridharan V

Franklin India Pension Plan is a debt-oriented hybrid scheme. For taxation purpose, it will be treated as a debt scheme. If investments in debt mutual funds are sold before three years, short-term capital gains would be added to the income and taxed as per the income tax slab applicable to the investor. If debt mutual fund investments are sold after three years, they qualify for a long-term capital gains tax of 20 per cent with indexation benefit. Since you have sold your investments after three years, you would qualify for a long-term capital gains tax of 20 per cent with indexation benefit.

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