Is Gold ETF debt or equity?
Is Gold ETF debt or equity?
Gold ETFs are treated as non-equity assets and hence their definition of short term will be 3 years instead of 1 year. Also, LTCG will continue to be taxed at 20\% after considering the benefit of indexation.
What is a MIP investment?
A monthly income plan (MIP) is a type of mutual fund strategy that invests primarily in debt and equity securities with a mandate of producing cash flows and preserving capital. Therefore, it is typically attractive to retired persons or senior citizens who do not have other substantial sources of monthly income.
Which are the best MIP Mutual Funds in India?
MIP Aggressive Mutual Funds Moderately High Risk
| Mutual Fund Scheme | NAV | Year |
|---|---|---|
| L Conservative Hybrid Fund Growth Regular | 43.6 | 10.15\% |
| DSP Regular Saving Fund Direct Plan Growth Direct | 47.7 | 9.52\% |
| Franklin India Debt Hybrid Fund Direct Growth Direct | 72.8 | 9.45\% |
| BOI AXA Conservative Hybrid Fund Direct Growth Direct | 24.0 | 9.28\% |
Which type of mutual fund is best equity or debt?
Key difference between equity mutual fund and debt mutual fund
| Features | Debt Mutual Fund |
|---|---|
| Return on Investment | Low to moderate compared to equity funds |
| Risk Appetite | Low to moderate risk |
| Expenses | Expense ratio of debt und is much lower compared to equity funds |
Is Gold ETF safe to invest?
Hedge against inflation: Gold is considered a safe investment because it can be used as a protection against currency fluctuation and inflation. Tax benefits: Gold ETFs older than a year attract long-term capital gains tax. However, there is no VAT, Wealth Tax or Securities Transaction Tax on gold ETFs.