What is the capital gain tax on mutual funds in India for NRI?

 If the investment in mutual funds is held for less than one year, then the capital gains are considered short-term capital gains.

  • A short-term tax on capital gains (STCG) applies to equity mutual fund investments that last no more than one year. In this case, the tax rate is 15% of the gains.
  • In the case of equity mutual fund investments made for more than one-year, long-term capital gains (LTCG) rules apply. Incremental gains over Rs. 1 lakh in a financial year are taxed at 10%.
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