Is there provision of capital gain tax on mutual funds?

Is there provision of capital gain tax on mutual funds?

Is there a provision for capital gain tax on mutual funds? If there is, how much capital gain tax is to be paid? Are closed-ended mutual funds and open-ended mutual funds treated the same for the purpose of taxation?


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3 Comments

  1. Nothing is certain except death and taxes.

    Yes, there is the same provision of taxes for closed ended and open ended mutual funds. CGT is 7.5% for gain in less than a year and 5% for gain in over a year. Tax is taken during distributions (dividend payout and during maturity)

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