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  Is there any tax applicable on the redemption of mutual funds? Mutual fund investing provides people with a practical and possibly profitable way to build wealth. Investor can redeem their mutual fund shares by selling them back to the mutual fund company (AMC). It indicates that they are taking units out of the mutual fund scheme to receive returns or principal known as redemption in mutual funds. Mutual fund taxation is heavily influenced by factors such as the type of funds you have invested in (equity, debt, or hybrid), the duration of your investment (long-term or short-term), mutual fund revenue (capital gains and dividend income), and your income tax bracket. However, Understanding the tax repercussions of redeeming mutual fund investments is complex but Important too. There are various tax consideration investor should know. Taxation on short-term capital gain - Any profit made by an investor who maintains a mutual fund investment for less than one year before redeemi...

What is health insurance and why you need it? With drastic lifestyle changes and rising rate of pollution, falling sick has become a daily thing. Under these circumstances, nothing can beat being prepared for healthcare requirements. A health insurance plan acts as a protector to ensure that in times of your most urgent need you and your family receive adequate health benefits. What is a family floater plan? Increasing healthcare costs have been noticed, more and more people are choosing health insurance plans. The individual and medical insurance may be suitable for individuals.Nonetheless, family health coverage or family floater policy is a far better option for people with families. The most significant advantage of this health insurance policy is that the whole or partial restriction of the family plan can be used by each family member or single individual in the family. In a family floater policy, insurance coverage of 5 lakhs has the advantage of providing treatment to one fam...