Taxation & Charges

Not entirely.
Here’s a quick breakdown:
Equity Mutual Funds:
Gains up to ₹1 lakh/year are tax-free.
Gains above ₹1 lakh are taxed at 10% (Long-Term Capital Gains).
Debt Mutual Funds (held > 3 years):
Gains are taxed as per your income tax slab (since 2023, indexation benefits removed).
ELSS (Equity Linked Savings Scheme):
Offers tax deduction up to ₹1.5 lakh/year under Section 80C.
Has a 3-year lock-in period.
In simple:
Some tax benefits exist (like ELSS), but most mutual fund gains are taxable.

No Brokerage or Commission on Mutual Fund Purchases
1 – Alice Blue does not charge any brokerage, commission, or transaction fees for buying or redeeming mutual fund units.

2 – Withdrawals & Redemption