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No SIP, tough midway exits and now LTCG tax take shine off Closed-end funds

Long-term investors should opt for an open-ended fund where they have to pay 10% LTCG tax only once when they are close to their goal

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LTCG tax impact on closed-end funds

Sanjay Kumar Singh 



Mutual fund equity folios addition hits 10-year record high of 49.3 million

Closed-end funds have always been a less attractive investment category for investors than open-ended funds. The imposition of long-term capital gains tax of 10 per cent is set to make this category even more unattractive.

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First Published: Mon, February 19 2018. 23:44 IST

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