Mutual funds are only for long-term investments
Have you heard someone saying mutual funds are only for long-term investments?
Well, they are wrong.
Mutual funds have different fund categories, like debt, equity, and a hybrid of both, that come with different maturities. Read more about different types of mutual funds in India here.
So every investor with short, medium and long goals can invest in various funds that suit their time horizon and risk appetite.
Also, did you know debt mutual fund comes with long-term capital gains? If we realise the debt fund gains after a holding period of three years, the gains are taxed at a flat rate of 20% after indexation.
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