Hello investors,
Advice needed for the following query:
1) If I have invested 10000/- in Jan 2011 and it turns out to be 15000/- in Nov 2011, and if I have to redeem all units will I get the complete amount (i.e. excluding the exit load) or will there be any amount cut towards taxes (STCG)
2) In second scenario if I sell it in say May 2012 and the MF value then is 20000, will I get the total amount or any other charges (like LTCG) will be charged?
Please reply back with solution to the same example as it is relatively easier to understand with this basic situation many investors face
Advice needed for the following query:
1) If I have invested 10000/- in Jan 2011 and it turns out to be 15000/- in Nov 2011, and if I have to redeem all units will I get the complete amount (i.e. excluding the exit load) or will there be any amount cut towards taxes (STCG)
2) In second scenario if I sell it in say May 2012 and the MF value then is 20000, will I get the total amount or any other charges (like LTCG) will be charged?
Please reply back with solution to the same example as it is relatively easier to understand with this basic situation many investors face