Mutual Funds
- Taxation of SWP withdrawals from mutual funds
Each SWP (Systematic Withdrawal Plan) instalment is a partial redemption. FIFO determines which units are sold, and each lot's holding period determines STCG vs LTCG treatment.
- Taxation of STP transactions in mutual funds
Each STP transfer is a partial redemption from the source fund (taxable) and a fresh purchase in the target fund (new holding period). FIFO, STCG/LTCG, and set-off rules explained.
- Taxation of SIPs (FIFO method)
Each SIP instalment is a separate lot with its own acquisition date. Redemptions are assigned to the earliest lots first (FIFO). Holding-period and gain calculation explained.
- Taxation of international funds in India
International mutual funds investing primarily in overseas equity are treated as specified MFs from 1 April 2023: all gains taxed at slab rates. Older units retain LTCG with indexation.
- Taxation of hybrid mutual funds in India
Tax treatment of hybrid mutual funds in India depends on whether equity allocation exceeds 65% (equity-oriented) or 35% (specified MF). Finance Act 2023 and 2024 changes explained.
- Taxation of gold ETFs and silver ETFs in India
Gold ETFs and silver ETFs are classified as specified mutual funds from 1 April 2023. All gains on new units are taxed at slab rates. Pre-2023 units retain 20% LTCG with indexation.
- Taxation of Fund of Funds (revised 2024)
Finance Act 2024 harmonised FoF taxation: domestic equity FoFs investing 90%+ in equity-oriented funds now qualify as equity-oriented. Other FoFs remain slab-rate specified MFs.
- Taxation of equity mutual funds in India
Comprehensive guide to equity mutual fund taxation in India: STCG at 20%, LTCG at 12.5% under Finance Act 2024, STT requirement, grandfathering, ELSS, and dividend (IDCW) treatment.
- Taxation of debt mutual funds (post-April 2023)
India's debt mutual fund tax regime changed fundamentally from 1 April 2023: indexation and the 20% LTCG rate were abolished; all gains are now taxed at slab rates regardless of holding period.
- Taxation of arbitrage funds (equity-oriented)
Arbitrage funds maintain 65%+ equity for equity-fund tax classification: STCG at 20% (held under 12 months) or LTCG at 12.5% (held over 12 months). Post-Finance Act 2024 rates.
- Tata Mutual Fund direct portal
Tata Mutual Fund's direct portal (tatamutualfund.com) enables direct plan investing in Tata AMC schemes, a mid-large AMC owned by Tata Sons and Tata Investment Corporation.
- Tata Mutual Fund
Tata Mutual Fund is an Indian AMC sponsored by Tata Sons and Tata Investment Corporation, with over Rs 1.5 lakh crore in AUM and a heritage dating to 1995.
- Systematic Withdrawal Plan (SWP)
Reference on Systematic Withdrawal Plans (SWP) in Indian mutual funds: mechanics, fixed vs appreciation-based SWP, tax efficiency over IDCW, applicable NAV, and use cases for retired investors.
- Systematic Transfer Plan (STP)
Reference on Systematic Transfer Plans (STP) in Indian mutual funds: mechanics, fixed and capital appreciation variants, applicable NAV, tax implications, and use as a lump-sum deployment tool.
- Systematic Investment Plan (SIP)
Comprehensive reference on Systematic Investment Plans (SIPs) in India: mechanics, NAV applicability, variants, ECS/NACH mandate, SEBI regulations, tax treatment, and comparison with lump-sum investing.
- Switch in mutual funds (intra-AMC, inter-scheme, inter-AMC)
Complete reference on switching mutual fund units in India: intra-AMC, inter-scheme, inter-AMC switch mechanics, tax implications, applicable NAV, direct-to-regular consequences, and SEBI guidelines.
- Suresh Soni
Suresh Soni is the Managing Director and CEO of Baroda BNP Paribas Asset Management India, the mutual fund joint venture between Bank of Baroda and BNP Paribas Asset Management.
- Sunil Singhania
Sunil Singhania is the founder of Abakkus Asset Manager LLP and former CIO (Equities) of Nippon India Mutual Fund (formerly Reliance AMC), known for his mid-cap stock-picking expertise and entrepreneurial transition.
- Sundeep Sikka
Sundeep Sikka is the Executive Director and CEO of Nippon India Mutual Fund (formerly Reliance Nippon Life Asset Management Company), one of India's largest and most widely distributed fund houses.
- Sundaram Mutual Fund
Sundaram Mutual Fund is a Chennai-based Indian AMC sponsored by Sundaram Finance, expanded by the 2022 absorption of Principal Mutual Fund schemes.
- Sundaram acquisition of Principal Mutual Fund (2021)
Sundaram Asset Management Company's acquisition of Principal Asset Management India in 2021 consolidated Principal's approximately Rs 6,800 crore AUM into Sundaram's franchise, marking Principal Financial Group's exit from the Indian mutual fund market.
- STT on equity-oriented mutual fund redemption
Securities transaction tax (STT) is levied at 0.001 per cent on the redemption of equity-oriented mutual fund units. It is charged on the value of units redeemed and collected by the AMC on behalf of the Central Government.
- Step-up SIP (Top-up SIP)
Reference on step-up SIP (top-up SIP) in Indian mutual funds: mechanics, annual increment options, tax treatment, AMFI registration, and comparison with regular fixed-amount SIP.
- STCG on equity mutual funds (Section 111A)
Section 111A taxes short-term capital gains on equity-oriented mutual funds at 20% (from 23 July 2024) where STT is paid. Scope, computation, and set-off rules explained.
- Statement of Additional Information (SAI), Indian Mutual Funds
Encyclopedic reference on the Statement of Additional Information (SAI): the statutory disclosure document common to all schemes of an Indian mutual fund, covering sponsor, trustee, AMC, and housekeeping disclosures required under SEBI regulations.
- Statement of accounts after each mutual fund transaction
The post-transaction statement of accounts (SOA) is a transaction confirmation and updated unit balance statement that SEBI requires mutual fund AMCs and RTAs to dispatch to investors within five business days of processing any purchase, redemption, switch, or SIP instalment.
- Standard deviation as a mutual fund risk metric
Standard deviation measures the dispersion of a mutual fund's periodic returns around its mean return. As the denominator of the Sharpe ratio, it is the most widely used measure of total risk for mutual fund comparison in India.
- Stamp duty on mutual fund units
A stamp duty of 0.005 per cent of the investment amount applies to all purchases and switches of mutual fund units in India with effect from 1 July 2020, under an amendment to the Indian Stamp Act, 1899.
- Sortino ratio in mutual funds
The Sortino ratio is a risk-adjusted performance measure that divides excess return by downside deviation, the standard deviation of only negative returns, rather than total volatility, making it a more investor-relevant measure than the Sharpe ratio for evaluating downside risk.
- Sole proprietorship MF investor
Reference on sole proprietorship businesses investing in Indian mutual funds: legal status, KYC requirements, distinction from individual investing, taxation, and practical considerations.