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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...

LIC Jeevan Lakshya is a limited premium paid traditional program that is unlinked and graded as an endowment with-profits scheme. The plan became effective in March 2015. This program offers an annual income that can be helpful for the family's needs, particularly for children, in the event of the policyholder 's death before the plan's maturity. By the completion of the maturity period, a lump sum balance is always made available irrespective of the policyholder 's survival. LIC Jeevan Lakshya Key Features & Highlights The salient features of the Jeevan Lakshya plan can be mentioned as follows- Guaranteed Sum Minimum: Rs.1,00,000 Full-No Deadline Multiples- The basic assured sum can only be Rs 10,000 in multiples Benefits of LIC Jeevan Lakshya This policy, if availed, offers the following benefits - Maturity Benefit - The Maturity Benefit will include the Sum Assured on Maturity plus the vested Simple Reversion Benefits and the Final Additional Bonus...

LIC Jeevan Lakshya is a limited premium paid traditional program that is unlinked and graded as an endowment with-profits scheme. The plan became effective in March 2015. This program offers an annual income that can be helpful for the family's needs, particularly for children, in the event of the policyholder 's death before the plan's maturity. By the completion of the maturity period, a lump sum balance is always made available irrespective of the policyholder 's survival. LIC Jeevan Lakshya Key Features & Highlights The salient features of the Jeevan Lakshya plan can be mentioned as follows- Guaranteed Sum Minimum: Rs.1,00,000 Full-No Deadline Multiples- The basic assured sum can only be Rs 10,000 in multiples Benefits of LIC Jeevan Lakshya This policy, if availed, offers the following benefits - Maturity Benefit - The Maturity Benefit will include the Sum Assured on Maturity plus the vested Simple Reversion Benefits and the Final Additional ...