Tax Implications on mutual Fund Gains..

Long term capital gains

If a fund is purchased and kept for over one year, then it is referred to as a long-term investment, and gains or losses made on it are referred to as long-term capital gains or losses, respectively.

 ¹ STT @ 0.25% will be deducted on equity funds at the time of redemption and switch to the other schemes
² For foreign corporates, the rate applicable would be 40% + 2% surcharge + 3% cess i.e. 42.024%
³ The short term/long term capital gain tax will be deducted at the time of redemption of units in case of non-resident investors only
The rates that will be applied by the AMC at the time of redemption would be as follows

Also refer Tax treatment of Gold ETF funds and Gold Savings Fund (FOF)

Short Term Capital Gains

 If a fund is purchased and kept for less than one year, means  if an investment has been held for less than a year, then it is referred to as a short-term investment. The gains or losses made on such an investment are also referred to as short-term capital gains or losses, respectively.