What is Long Term Capital Gain on Mutual Funds? - ICICI Direct- ICICI Direct (2024)

The non-broking products / services like Mutual Funds, Insurance, FD/ Bonds, loans, PMS, Tax, Elocker, NPS, IPO, Research, Financial Learning, ESOP funding etc. are not exchange traded products / services and ICICI Securities Ltd. is just acting as a distributor/ referral Agent of such products / services and all disputes with respect to the distribution activity would not have access to Exchange investor redressal or Arbitration mechanism.
Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. Pay minimum 20% upfront margin of the transaction value to trade in cash market segment. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide NSE circular reference NSE/INSP/45191 dated July 31, 2020; BSE Notice no. 20200731-7 dated July 31, 2020 and NSE Circular Reference No. NSE/INSP/45534 dated August 31, 2020; BSE Notice No. 20200831-45 dated August 31, 2020 and other guidelines issued from time to time in this regard. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Disclaimer :ICICI Securities attempts to ensure the highest level of integrity, correctness and authenticity of the content and data updated on the site. However, we may have not reviewed all of the contents and data present on the site and are not responsible or we take no guarantees whatsoever as to its completeness, correctness or accuracy since these details are acquired from third party. In the event that any inaccuracy arises, we will not be liable for any loss or damage that arises from the usage of the content.

Features such as Advanced Charts, Watchlists, F&O Insights @ Fingertips, Payoff Analyzer, Basket Order, Cloud Order, Option Express, e-ATM, Systematic Equity Plan (SEP), i-Track, i-Lens, Price Improvement Order, Flash Trade, Strategy Builder etc., are offered by ICICI Securities. The securities quoted are exemplary and are not recommendatory. Such representations are not indicative of future results. ICICI Securities is not making the offer, holds no warranty & is not representative of the delivery service, suitability, merchantability, availability or quality of the offer and/or products/services under the offer. Any disputes regarding delivery, services, suitability, merchantability, availability or quality of the offer and / or products / services under the offer must be addressed in writing, by the customer directly to respective merchants and ICICI Securities will not entertain any communications in this regard. The information mentioned herein above is only for consumption by the client and such material should not be redistributed.

Name of Investment Adviser as registered with SEBI : ICICI Securities Limited
Type of Registration : Non Individual
Registration number : INA000000094
BASL Membership Certificate no- BASL1136
Validity of registration : Valid till suspended or cancelled by SEBI
Registered office Address : ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025
Telephone numbers : 022 - 6807 7100
Email id : mfadvisory@icicisecurities.com
Name of Principal Officer : Mr. Anupam Guha
Contact no : 022 - 6807 7100
Email id : mfadvisory@icicisecurities.com
Name of the Compliance officer: Mr. Nirav Shah
Contact number: 022 - 4084 0336
Email id : mfadvisory@icicisecurities.com
Name of grievance redressal Officer:- Mr. Sachin Ubhayakar
Telephone no. of grievance redressal Officer:- 022 - 6807 7400
Email id : mfadvisory@icicisecurities.com
Corresponding SEBI regional / local office address : Securities & Exchange Board of India, Plot No.C4-A, 'G' Block Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra

SEBI Research Analyst Registration Number - INH000000990 Name of the Compliance officer (Research Analyst): Mr. Atul Agrawal Contact number: 022 - 40701000

Email id: complianceofficer@icicisecurities.com

None of the research recommendations promise or guarantee any assured, minimum or risk free return to the investors.

Disclaimer :Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Attention Investors : Prevent unauthorized transactions in your account. Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day.... Issued in the interest of Investors (Ref NSE : Circular No.: NSE/INSP/27346, BSE : Notice 20140822-30.) It has been observed that certain fraudsters have been collecting data from various sources of investors who are trading in Exchanges and sending them bulk messages on the pretext of providing investment tips and luring the investors to invest in bogus entities by promising huge profits. You are advised not to trade on the basis of SMS tips and to take an informed investment decision based on authentic sources.... issued in the interest of investor of investor (RefNSE : circular No.: NSE/COMP/42549, BSE:Notice 20191018-7)

ICICI Securities Limited:

Registered Office:
ICICI Venture House,
Appasaheb Marathe Marg,
Prabhadevi, Mumbai - 400 025, India
Tel No: 022 - 6807 7100
Fax: 022 - 6807 7803

CIN: L67120MH1995PLC086241

For any customer service related queries, assistance or grievances kindly Call us at 1860 123 1122 or Email id: headservicequality@icicidirect.com to Mr. Prabodh Avadhoot

Privacy Policy | Cookie Policy | Disclaimer | Sitemap| Investor Charter

ICICIdirect.com is a part of ICICI Securities and offers retail trading and investment services.

Member of National Stock Exchange of India Limited (Member code: 07730), BSE Limited (Member code: 103) & Metropolitan Stock Exchange (Member code: 17680),Multi Commodity Exchange of India Limited (Member code: 56250) SEBI Registration number INZ000183631

Name of Compliance Officer (Broking): Ms. Mamta ShettyE-mail Address:complianceofficer@icicisecurities.com/ Tel No: 022-4070 1000

Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Please note Brokerage would not exceed the SEBI prescribed limit.

Margin Trading is offered as subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017 and the terms and conditions mentioned in rights and obligations statement issued by I-Sec.

Account would be open after all procedure relating to IPV and client due diligence is completed.

ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Mumbai - 400025, India, Tel No: 022 - 6807 7100, Fax: 022 - 6807 7803. Composite Corporate Agent License No.CA0113. Insurance is the subject matter of solicitation. ICICI Securities Ltd. does not underwrite the risk or act as an insurer. The advertisem*nt contains only an indication of the cover offered. For more details on risk factors, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale.

Responsible Disclosure: In case you discover any security bug or vulnerability on our platform or cyber-attacks on our trading platform, please report it to ciso@icicisecurities.com or contact us on 022-40701841 to help us strengthen our cyber security.

What is Long Term Capital Gain on Mutual Funds? - ICICI Direct- ICICI Direct (2024)

FAQs

What is Long Term Capital Gain on Mutual Funds? - ICICI Direct- ICICI Direct? ›

Long-Term Capital Gains (LTCG) tax - Holding period of one year or more is considered long-term and LTCG tax of 10% is applicable on equity funds if the cumulative capital gains from equity mutual funds & stocks in a financial year exceeds INR 1 lakh.

What is the tax on long term capital gains in Icici direct? ›

Long term capital gains up to Rs 10000 from investment in a financial year is exempted from tax. Any gain above RS 100000 is taxed at 10%.

What is the meaning of long term capital gain on mutual fund? ›

Long-term capital gains on mutual funds are available when you sell your equity shares after holding on to them for more than a year. When your long-term capital gains are above Rs 1 lakh, you will have to bear taxes on them. The LTCG on mutual funds tax rate is 10% with no indexation benefit.

How to get capital gain statement from ICICI mutual fund? ›

Frequently Asked Questions
  1. Visit the online portal of ICICI Direct and log in with your credentials.
  2. Go to the 'Portfolio' tab> Select 'Equity' under the 'Capital gain' section > Click on the' View Capital Gain' button.
  3. Select the relevant period (financial year).
  4. Download the CSV format capital gain report.
Apr 11, 2024

What is capital gains paid by mutual funds? ›

Capital gains are any increase in a capital asset's value. Capital gains distributions are payments that a mutual fund or an exchange-traded fund makes to its holders that are a portion of proceeds from the fund's sales of stocks or other portfolio assets.

How much tax will I pay on long-term capital gains? ›

Long-term capital gains tax rates 2024

Long-term capital gains are taxed at three different rates: 0%, 15%, or 20%. The amount you'll pay depends on your taxable income and tax filing status.

How to calculate long-term capital gain? ›

The formula for long-term capital gains (LTCG) is: LTCG = Sale Price - Indexed Cost of Acquisition (for non-equity assets) or Sale Price - Purchase Price (for equity-oriented assets). Indexation adjusts the purchase price for inflation.

How to avoid capital gains tax on mutual funds? ›

Tactics for reducing your exposure to capital gains taxes
  1. Make sure your investments are in the appropriate accounts. ...
  2. Seek out tax-managed mutual funds. ...
  3. Consider swapping out your mutual funds for exchange-traded funds (ETFs). ...
  4. Explore the potential benefits of a separately managed account (SMA).

What is an example of a long term capital gain? ›

For instance, if you sold equities mutual funds for Rs. 5 lakhs after holding them for three years and the indexed cost of acquisition is Rs. 3 lakhs, your LTCG will be Rs. 2 lakhs.

How to avoid LTCG tax? ›

One way investors can avoid the tax is by harvesting tax-free long-term gains of up to Rs 1.25 lakh every financial year. Sell some of your stocks and equity funds purchased more than a year ago so that the gains are within the Rs 1.25 lakh tax-free threshold.

How do I check my capital gains on mutual funds? ›

You can check your capital gains by downloading statements from your fund house or RTA website. These statements detail your investment purchases, redemptions, and resulting capital gains or losses.

How to get tax report from ICICI Direct? ›

How to Download ICICI Tax Profit and Loss Report
  1. Step 1: Login to ICICI Direct Portal with your credentials.
  2. Step 2: Select Equity under Portfolio.
  3. Step 3: Select the Financial Year and click on View.
  4. Step 4: Click on Download.

How to check profit loss in ICICI Direct? ›

Where can I check the P&L of my day's trades? Under the portfolio tab, go to Open Positions. Here, for all the trades done on the day and also existing positions the details will be available. The P&L is updated live and is consolidated for Equity, F&O, Commodity & Currency.

What is long-term capital gain for mutual funds? ›

You make long-term capital gains on selling your equity fund units after holding them for over one year. These capital gains of up to Rs 1 lakh a year are tax-exempt. Any long-term capital gains exceeding this limit attracts LTCG tax at 10%, without indexation benefit.

Do you pay capital gains twice on mutual funds? ›

Mutual funds are not taxed twice. However, some investors may mistakenly pay taxes twice on some distributions. For example, if a mutual fund reinvests dividends into the fund, an investor still needs to pay taxes on those dividends.

Do I pay capital gains if I reinvest? ›

Do I Pay Capital Gains if I Reinvest the Proceeds From the Sale? While you'll still be obligated to pay capital gains after reinvesting proceeds from a sale, you can defer them. Reinvesting in a similar real estate investment property defers your earnings as well as your tax liabilities.

What is the charge of long-term capital gains tax? ›

Long-Term Capital Gains (LTCG) on shares and equity-oriented mutual funds in India are taxed at a 12.5% rate (plus surcharge and cess) if they reach Rs. 1.25 lakh in a fiscal year. LTCG is defined as profits on the sale of shares or equity-oriented mutual funds held for more than a year.

What is the tax rate for long-term capital gains distribution? ›

Profits from the sale of an asset held for more than a year are subject to long-term capital gains tax. The rates are 0%, 15% or 20%, depending on taxable income and filing status.

What is the tax on long-term capital gain on sale of shares? ›

It is important to note that any LTCG on sale of shares up to ₹1.25 lakh in a financial year (April to March) is exempt from tax. Any LTCG above ₹1.25 lakh in a financial year is subject to the flat LTCG tax rate on shares of 12.5% with indexation.

What is the tax rate for long-term capital gains loss? ›

Understanding Long-Term Capital Gain or Loss

Long-term gains are taxed at 0% to 20% depending on the taxpayer's income tax bracket. Short-term gains are taxed as ordinary income, which is a higher percentage for most taxpayers. Capital losses, short-term or long-term, are treated the same.

Top Articles
Latest Posts
Article information

Author: Aracelis Kilback

Last Updated:

Views: 5836

Rating: 4.3 / 5 (64 voted)

Reviews: 95% of readers found this page helpful

Author information

Name: Aracelis Kilback

Birthday: 1994-11-22

Address: Apt. 895 30151 Green Plain, Lake Mariela, RI 98141

Phone: +5992291857476

Job: Legal Officer

Hobby: LARPing, role-playing games, Slacklining, Reading, Inline skating, Brazilian jiu-jitsu, Dance

Introduction: My name is Aracelis Kilback, I am a nice, gentle, agreeable, joyous, attractive, combative, gifted person who loves writing and wants to share my knowledge and understanding with you.