Section

MF Query: Insights on equity & debt funds to manage a Rs 60 lakh-portfolio after Budget 2024

By Economic Times - 2 months ago
Venkat, a 56-year-old investor, now faces higher taxes on his Equity Savings Fund due to the 2024 budget changes. Expert Aditya Agarwala suggests considering the higher returns of equity funds, which average 12%-15%, before switching to hybrid debt funds that offer lower returns. New tax rates are 12.5%, up from 10%.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.