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@a3m0n Nifty calculation has changed over the years. Till 2009, Nifty used to use full market cap & post that it uses free float methodology. So comparisons don't make sense. Compare historical BSE Sensex - They have been using free float for longer. That said, even the BSE Sensex also shows...

@gunderson500 This is pretty clear for Stocks. Re mutual funds I found this at AMFI https://www.amfiindia.com/Themes/Theme1/downloads/sai/sai44.pdf Which may essentially lay waste all the work done.

@reeseb In tax laws for equity, it's clearly mentioned that FIFO is within a depository account & not across depository. But it's not explicitly mentioned like that for MFs in the tax laws. But from the reasoning they gave for across the depository account in the laws, it seems that we can...

@crixus123 Found this at AMFI https://www.amfiindia.com/Themes/Theme1/downloads/sai/sai44.pdf Which may essentially lay waste all the work done.

@crixus123 Is this as per tax laws or as per how AMCs operate? That is my question. I am not questioning tax harvesting at all. You are missing my point. And how do their regulations say you should tax realized gains? That's the question. If it's legal - do it in your returns. i.e just...

@reeseb if the tax law is that "all your holdings of a particular stock or fund across folios, across demat accounts are treated as one single holding", then your scheme is not necessary at all since no TDS is deducted for capital gains by the broker or AMC. You can do the calculations assuming...

@reeseb Does the Income Tax Laws explicitly state that the FIFO rule will be applied only within a folio. Or does it say that it will apply to all your holdings in a particular stock/fund?

@reeseb Found this at AMFI https://www.amfiindia.com/Themes/Theme1/downloads/sai/sai44.pdf Which may essentially lay waste all the work done.