Articles - Mutual Fund
Changes in taxation of non-equity funds from FY 23-24
Many of us choose to invest in debt funds for a lower tax rate than FD, but from 1 Apr 2023 onwards, the benefit of lower tax is no more applicable to new investments. As per recent change, Non-equity oriented funds (Funds where equity investment does not exceed 35% of the total portfolio value) gain will be added to an investor's income and taxed as per the income slab. Let's understand this change and its impact on related instruments.