Ch.8 · Dividend and STT Taxation · medium
Which mutual fund schemes are classified as 'equity-oriented' for taxation purposes?
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EXPLANATION
For tax purposes, equity-oriented schemes are those where at least 65% of the total assets (on an average basis during the financial year) are invested in equity and equity-related instruments of domestic companies. This includes equity funds, aggressive hybrid funds (65-80% equity), arbitrage funds (which hold 65%+ in equity+arbitrage positions), and ELSS funds.
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