Being invested in any debt fund for more than 3 years by an NRI and Resident Indian return on maturity will be same? If not how much will differ?
The return on debt funds after 3 years in case of NRIs as well as Resident Individuals will be same. In fact, why debt funds, in case of any category of funds, returns are same.
However, please note that in case of NRIs, TDS is done in case of short term capital gains. That means, in case of debt funds, if the holding period is less than 3 years and in case of equity funds, if it is less than 1 year, then tax will be deducted at source (TDS) when the funds are redeemed.
Hope the above clarifies your query.
Thanks for writing to us.
Aug 29, 2019 by Nandu
Aug 26, 2019 by Dhiraj
Aug 18, 2019 by Dr. Ketan S Trivedi
Aug 16, 2019 by Sanjay Gargish
Aug 3, 2019 by Chirag Agrawal
Jul 30, 2019 by Abhishek Shah
Jul 28, 2019 by Dr. Pradip Kumar Chatterjee
Jul 27, 2019 by Pravin Jain
Aug 26, 2019 by Joel A Peres
Jul 25, 2019 by Rabindra Chandra Bhattachara
Nov 25, 2024 by Advisorkhoj Team
Nov 25, 2024 by Advisorkhoj Team
Nov 22, 2024 by Axis Mutual Fund
Nov 22, 2024 by Advisorkhoj Team
Nov 22, 2024 by Advisorkhoj Team