Are mutual fund investment tax-free?
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.
What are the charges associated with mutual funds in aliceblue?
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