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What is the tax treatment for Quantum FoF and Kotak Asset Allocator FoF?
- Radhika Apshankar
Taxation for fund of funds (FoF) is similar to that of debt mutual funds. The redemption will qualify for long-term capital gains tax if your units are held for three years (36 months) or more. The long-term capital gains tax will be 20 per cent with the inflation indexation benefit.
If your investments are redeemed before three years (36 months), the short-term gains will be taxed as per your applicable Income Tax slab.
This article was originally published on October 06, 2017.
Disclaimer: This content is for information only and should not be considered investment advice or a recommendation.
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