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Taxation of mutual funds for Either or Survivor holding

The mode of holding mutual fund account doesn't have any affect on the taxation aspect of your mutual fund

I am in 10 percent tax category. My wife (housewife) and I want to invest in equity funds through Either or survivor option. What are the tax rules for this type of investments?
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S Dharampuri

The mode of holding doesn't have any affect on the taxation aspect of your mutual fund. Irrespective of whether your mode of holding is individual' or 'Joint' or 'Either or Survivor' the taxation rule remains the same. Since you plan to invest in equity funds, if you hold them for over 1 year, there will be no tax and if you redeem/sell them within 1 year, the short term capital gains will be taxed at 15 percent.

"Either or Survivor" in mutual funds is an option where either of the holders can perform the transactions in the folio whereas in the Joint option, the signatures of all holders are necessary for any transaction. Please read the mutual fund taxation rules in the following link:
How are mutual funds taxed?

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