Ive invested in an open ended equity mutual fund (reinvest divident)...but still find it tricky to understand..
a. According to the Indian Tax rules, I believe that a redistribution tax of 12.5% would have to be paid.
b. While my fund does have a entry load, there is no exit load. Further the annual fund cost is 1.75%
c. While my NAV was 56.03 when I bought the units, the current NAV is 62.03 (1 year later).
Therefore my questions are...
1. In case I sell my units now...would the distribution tax, annual fund cost be deducted?
2. Assuming that I have 100 units...could someone tell me in Indian Rs what will be the final amount I get in hand taking into consideration the above NAVs and after all the deductions or tell me how to calculate it?
3. what else do I need to keep in mind while selling my units in order to get a profit on my initial investment
2006-10-27
07:06:59
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5 answers
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asked by
donkeydo
2
in
India