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How can I save the long-term capital gain tax on an equity mutual fund?

In this answer, I will explain how you can save up to Rs 10k per year on the Long Term Capital Gain (LTCG) tax for equity mutual fund. As per current tax rules, there is a 10% tax on LTCG over an above the profit of Rs 1 lakh. An investment is qualified as long term if it is more than 1 year old. Please note that the key here is “there is no tax on profit up to 1 lakh”. How can you save tax up to Rs 10k on LTCG? Let’s say you started a SIP of Rs 20k in Kotak Standard Multicap Fund- Direct-Growth on 1st February 2017. (For simplicity, we are considering only 1 mutual fund) Monthly SIP: Rs 20,000 Total Installment: 37 Investment Amount: Rs 20,000*37 = Rs 7,40,000 Units Purchased = Sum of units of each month = 21,239.67 NAV as of 17th Feb 2020 = 40.661 Current Value of Investment = Rs 8,63,626 Profit = Rs 1,23,626 Now, the total profit on Kotak Standard Multicap Fund till date is Rs 1.23 lakh. However, this profit includes investment till 1st Feb 2020. Long Term Capital Gain is applicable

What is the difference between term insurance, life insurance and health insurance?

There is a lot of confusion when it comes to insurance. Some people think that insurance is all about LIC in India. This is similar to Maggie which is a noodle but we don’t say that we want noodles. We say that we want Maggie. That’s the result of great marketing So, let’s try to clear the confusion (and bust some myths) about “insurance” in India. Insurance is broadly classified into the following categories: Life Insurance Health Insurance Auto Insurance Property Insurance In this answer, we will discuss life insurance and health insurance. Life Insurance: Let’s say you have a family of 4 with a wife and 2 children. You have a home loan of 40 lakh and your wife is a homemaker. It means you are the only bread earner in the family. Your kids are 5 and 7 years old. You have a total investment of 10 lakh in FD, mutual funds, etc. Unfortunately, if something happens to you then- Who will provide financial security to your family? Will 10 lakhs be enough? Who will pay the home loan EMI? W

Some Rare Information about Bangladesh

Prostitution in Bangladesh is considered legal. Bangladesh is one of the few Islamic countries where prostitution is legal. Bangladesh is one of the most corrupt countries in the world and has consistently risen to a high position among the world's most corrupt countries. Bangladesh is the fourth largest Muslim country in the world, with 90% of the population in Bangladesh being Muslim. The three largest rivers of Asia flow through Bangladesh. Those rivers are Ganga, Meghna and Brahmaputra. Hilsha fish meat is the national dish of Bangladesh. Cox's Bazar is the longest beach in the world, covering 125 km. The Sundarbans is the largest mangrove forest in the world, and is preserved as a UNESCO World Heritage Site. It covers an area of ​​139,500 hectares. The capital of Bangladesh is Dhaka. The city was founded in 1608 CE and has a population of 17 million. It is called the city of mosques. The Bay of Bengal, surrounded by India, Bangladesh, Myanmar, Maldives, and Sri Lanka, is t

What are the biggest myths?

Myth: Mughals made India rich Fact: Before Mughals invade India, we contributed 36% of world economic power.Mughals brought it down to 20%. Myth : Veer Savarkar was coward as he wrote mercy petitions to British. Fact:But in reality Savarkar believed that responsibility of nationalist is to get out of jail and fight for the nation. He even demanded release of fellow prisoners in his petition. Myth:There was no concept of India before British arrival Fact:Europeans were referring this land as India before colonising it.Even Hindu scriptures like vedas defined India. .Myth: Kamasutra is all about sex Fact: only 20% of Kamasutra talks about sex. Rest 80% talks about emotional fullfillment,love and life. Myth:Subash Chandra Bose hated Mahatma gandhi Fact:Subash Chandra Bose always respected Gandhi. He was the person who conferred the title of Father of the Nation on Mahatma Gandhi. Myth: British built Ports and Railways to develop India Fact:British builts ports and Railways for their own

Top 10 Cities of Swachh survekshan 2020

On 20 August Indian Govt announced top cities of Swachh Survekshan . I am mentioning just 10 because that's important knowledge to know 1. Indore 2.Surat 3. Navi Mumbai 4.Vijaywada 5.Ahmedabad 6.Rajkot 7.Bhopal 8.Chandigarh 9.Vishakhapatnam 10.Vadodra Top 10 of year 2019 were: 1.Indore 2.Ambikapur 3.Mysuru 4.Ujjain 5.New Delhi (NDMC Part) 6.Ahmedabad 7.Navi Mumbai 8.Tirupati 9.Rajkot 10.Dewas

Prime Minister of India Letter to Mahendra Singh Dhoni

On 15 August 2020, Cricketer Mahendra Singh Dhoni retired from international cricket. As a tribute gesture, Prime minister of India Mr. Narendra modi thanked Dhoni for his contribution in cricket in Letter Note.

30 strange historical facts

1. The youngest parents in the world are between 8 and 9 years old. They lived in China and had their own children in 1910. 2. During World War I, Kotex was first manufactured as a bandage. 3. In the sixteenth and seventeenth centuries of Turkey, anyone was killed by drinking coffee. 4. Abraham Lincoln's dog Fido was also assassinated. 5. In England, the Speaker of the House of Representatives may not speak. 6. About three thousand years ago, most Egyptians died at the age of thirty. 7. The first known contraceptive is crocodile feces, which the Egyptians used in 2000 BC 8. If the statue of the person in the park has two front legs in the air, the person died in battle. If the horse had a front leg in the air, then the man died as a result of being injured in the battle. If all four legs of the horse are on the ground, the person died of natural causes. 9. The youngest pope is 11 years old. 10. Richard Versalle's tenor at the Metropolitan Opera in New York suffered a heart atta

National Recruitment Agency- All in one Exam in India

Source: NBT

Patient doing coding during Brain Surgery

Source: NBT

RAJA KI KAHANI

Source: NBT

What are some dark secrets of Sanjay Dutt?

1. Sanjay Dutt used to trick women who were sleeping with him: Hirani revealed that Dutt used to take some of the women to the tomb. The filmmaker revealed, "He will start to date a girl and take her to this cemetery. He will say," I brought you here to meet my mother. " He will make the girl emotional with this act. In fact, the tomb was not his mother's. But women used to fall prey to Dutt's words. Hirani revealed that Sanjay Dutt would not just make up stories and lie to score emotionally with his girlfriends, as well as being very vengeful. 2. Affair with Madhuri Dixit: Sanjay and Madhuri fell in love with each other after working together in many films like Saajan, Thanedar, Khalnayak etc. According to industry insiders, it was not their 'one fly-by' affair, the two were serious about each other. Sanjay and Madhuri were a 'thing' in the 90s and everyone knew about their affair. 3. Obsession with Guns !: Guns have put Sanjay Dutt in a lot of t

What are some crazy height comparisons?

The Mountain From GOT With His Wife The Dutch Giant at McDonalds in the Philippines Nicole Kidman and Tom Cruise Her: 5'11" Him: 5'7"

What are some things you realize as you get older?

That was infatuation, not love. As a teenager, whenever i see a girl like in the above picture, my dopamine level goes high and my senses replies me that “she is my love” but actually it was infatuation that made me inclined towards her. But there is a lot of difference between love and infatuation. Words, that have been left unsaid. Life is too short not to say things that you want to say to your friends, crush and acquaintances because of hesitation and introverted mindset. I have missed a number of things by not asking to them. Failure or success, nothing is forever. Don’t be sad or hopeless at your failure and don’t be too excited on your achievements because nothing gonna matters after 5 years. So, don’t take your failures by heart and start to change them in your favour. Never afraid to make mistakes. If you are not making mistakes then you are doing nothing but same repetitive thing that suits you and makes you comfortable. Make mistakes and fail fast to know yourself better and

Why is Mukesh Ambani more successful than Anil Ambani?

The reasons why Mukesh Ambani is more successful than his brother Anil are mentioned below: 1. Cash backflow: Both the brothers had an equal share of the company which was made sure by their mother Kokilaben Ambani, but Mukesh generated loads of money with investing in his future visions which turned out to be profitable to him. Now he had cash loads for investing wherever he wanted. Anil on the other hand also invested in Naval, Defense but had no company which produced cash like Reliance, so he went into debts. 2. Future vision: Mukesh Ambani had a future vision for the projects he invested on, which made him invest as much needed as he knew he would get the return and a lot of profit from it. Take Reliance Jio for example, which was a revolution in the telecom industry. He invested 34 billion dollars in 2010 for high-speed 4G internet during the time when 3g was just released and nobody could ever think of free unlimited 4G internet. 3. He wanted to fulfil his father’s wish: On the

मुकेश अंबानी के बारे में कुछ क्रेजी तथ्य क्या हैं?

उनका उपनाम मुकु है। उनकी कुल संपत्ति बेलारूस की संपूर्ण जीडीपी से अधिक है। वह अपना जन्मदिन (अपने 50 वें को छोड़कर) को मनाना पसंद नहीं करते है | हमारे देश की जीडीपी का लगभग 4% हिस्सा उनके पास है। उन्होंने पिछले 10 वर्षों में अपनी संपत्ति को दोगुना से अधिक कर लिया है। उन्हें हर मिनट लगभग $ 31,202 का धन मिलता है। वह दुनिया के शीर्ष 10 सबसे अमीर लोगों के पहले एशियाई सदस्य हैं। वह भारत के दूसरे सबसे अमीर व्यक्ति, राधाकिशन दमानी से लगभग चार गुना अमीर हैं। वह एक सख्त शाकाहारी और गैर-शराबी व्यक्ति है। उसे फिल्में देखना बहुत पसंद है। उनके पास 168 से अधिक कारें हैं। वह दोपहर को कार्यालय पहुँचते है और आधी रात तक काम करते है। वह अपने स्वभाव और ड्रेसिंग में सरल हैं। उन्हें कभी भी नारेबाजी करते या आपा खोते नहीं देखा गया है। उसके पास अपने घर के हर कमरे में अपने पिता की फोटो या अपने माता-पिता और भाई-बहनों के साथ एक पारिवारिक फोटो है। उनका घर एंटीलिया, जिसमें तीन छत वाले हेलीपैड हैं, दुनिया में सबसे महंगी आवासीय संपत्ति है।

Mahendra Singh Dhoni announces retirement from International Cricket

                   "Dhoni finishes off in Style" This line is very much suited to the Legend Mahendra Singh Dhoni through out his career and now he also announced his retirement with some shayarana Andaaz. On 15 August 2020, India's most successful captain Mahendra singh Dhoni announced his retirement at 7:29 PM. In this corona era, this news is also a successon of bad news specially for cricket fans like us. On 2004, a small town boy came from Ranchi and changed the mindset of Cricketers in India, now Indian cricket was hopeful till Dhoni's critical thinking was present in the ground. I don't know about others but for me, cricket won't be that same and last moment hopeful. I will not mourn the retirement of great Thala but will rejoice his achievement through out his cricketing career. Dhoni said good bye to his fans on Instagram in this manner View this post on Instagram Thanks a lot for ur love and support throughout.from 192

Amazon Prime Shakuntala Devi Brain Speed Test

Hello Guys Recently  I have watched this wonderful utilty for exercise of your brain by Amazon Prime in respect of Late Genius Shakuntala Devi Ji. So Lets do Your exercise I hope you like this, so kindly comment below the post and do share your response. Thanks for reading :)

What are ten truths everyone should accept in life?

If you feel like life is meaningless, that's your fault. Figure out a way or don't complain . Being honest may chase away many people, but it will always keep those who are true. Instead of asking others to understand you, you should be spending time understanding yourself. You'll suffer a lot if you waste time . We must all face the choice between 'what is right' & ' what is easy.’ People are selfish . Though they try hard not to be like that. Life is hard , but it's also beautiful . Your parents are often your greatest support though you spend little time with them. Everyone isn't lucky as them. _

Photos of Deep Motivational Meanings

Here are some pictures with deep meaning. 1️⃣ 2️⃣ 3️⃣ 4️⃣ 5️⃣ 6️⃣ 6️⃣ 7️⃣ 8️⃣ 9️⃣ 🔟 1️⃣1️⃣ 1️⃣2️⃣ 1️⃣3️⃣ 1️⃣4️⃣

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