The benefit of indexation lies in lowering down one's capital gains which brings down the taxable income and thereby reduces taxes on it.ġ. Indexation is a process of recalculating the purchase price after accounting for inflation into it. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post indexation benefits. If units are redeemed within 3 years of investment, the whole amount of gain will get added to the investor's income and will be taxed as per his/her applicable slab rate.Ģ. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).ġ. 1 lakh accruing from those units in a financial year shall be exempted from tax.ģ.
For units redeemed after 1 year of investment, gains of upto Rs. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.Ģ. Below are the tax implications from equity as well as debt side:ġ. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. However, since the market is dynamic and asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. Generally, tax implications are based on the average asset allocation of the last 12 months where the fund has invested. Hybrid funds which usually invest 65% or more in equity & equity related instruments will be taxed like Equity funds and those which invest less than 65% in equity & equity related instruments will be taxed like Debt funds. Tax Implications on HDFC Balanced Advantage Fund-IDCW Monthly Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.Ĥ. While the top 10 equity holdings constitute around 36.07% of the assets, the top 3 sectors constitute around 35.29% of the assets.ģ. The asset allocation of the fund comprises around 59.41% in equities, 26.37% in debts and 12.17% in cash & cash equivalents.Ģ. It is benchmarked against NIFTY 50 Hybrid Composite debt 50:50 Index.ġ. The investment objective of the fund is that " The Scheme seeks to provide long term capital appreciation / income from a dynamic mix of equity and debt investments. HDFC Balanced Advantage Fund is Open-ended Dynamic Asset Allocation Hybrid scheme which belongs to HDFC Mutual Fund House.Ģ. Scheme NameĪbout HDFC Balanced Advantage Fund-IDCW Monthlyġ. Morakhia has done B.M.S and M.B.A- Financial Markets Prior to joining HDFC Mutual Fund, he has worked with Mirae Asset Global Investment Management India Pvt. Prior to joining HDFC Asset Management Company Limited, he has worked with Mahindra Mutual Fund, IDBI Federal Life Insurance, IIFL Capital Limited, Maybank Kim Eng, Credit Suisse and KPMG Advisory. Ramamurthy is an engineer by qualification from Jadavpur University and has done his MBA from IIM - Calcutta. HDFC Arbitrage Fund Wholesale-IDCW Monthly Ltd., ICICI Bank Limited, UTI Asset Management Pvt. and Chartered Accountant Prior to joining HDFC Asset Management Company Limited, he has worked with SBI Funds Management Pvt. To subscribe to it, you will need a RSS Reader.Mr. This RSS feeds allow you to stay up to date with the latest SENSEX values on continuous basis. This is an RSS feed from the Bombay Stock Exchange website.
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