#Mutual-Funds

Mutual Funds (MF)

• Mutual funds give small or individual investors access to professionally managed portfolios of equities, bonds, and other securities
• Governed by Indian Trust Act 1882
• MFs are registered as Trust but not as Company

Types of Mutual Funds

• Mutual funds are of different types based on:
  • Fund Schemes
  • Managements of Funds
  • Assets invested in
  • Investment Objective
  • Mode of investment
  • ELSS
  • International funds

Capitan Gain

Short term capital gain (STCG)

• If you buy & hold the shares for less than 1 year, and earn a profit after selling the share, it is known as STCG
• Rate of Tax is 15% on profit for STCG