Could anyone please explain the taxation implications for both the ICICI Prudential NASDAQ 100 Index Fund and the Kotak Nasdaq 100 Fund of Fund?
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Hi @rahul8
Both of these funds are taxed as debt mutual funds.
Debt mutual funds (long-term and short-term) are taxed at the applicable slab rate from 1st April 2023 onwards.
Before 1st April 2023, debt mutual funds are taxed as follows:
Long-term is when they are sold after 3 years of purchasing, and short-term means they are sold within 3 years of purchasing.
Hope this helps. You can read about Tax on Mutual Funds in India - Learn by Quicko
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Got it. Thanks!