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@juanna Wow. I'm 43 and only just now i reached that milestone, but second time. I reached first, 2 years ago. Then i bought a land of 350 sq yards in City, built a house both using cash no loan. Suddenly my net worth plummeted. But then it rebounded in 2 years.

@grandpaseyes No. It depends on FoF. for instance, this FoF is equity for taxation (15% for

@brucepjr Sorry. My question isn't about stocks and i don't trade stocks too. This is about FoF mutual funds

@resjudicata As per the info at Kuvera: https://kuvera.in/mutual-funds/fund/IC5005-GR "ICICI Prudential Bharat 22 FoF Growth Direct Plan is an equity mutual fund and the capital gains made from it are taxed at the rate of 10% for long term gains (if you hold your units for 1 year or more) and...

I was reading an equity-based FoF here at ValueResearch https://www.valueresearchonline.com/funds/36693/icici-prudential-bharat-22-fof-direct-plan/#overview It is mentioned: Capital Gains Taxation: If investment is made on or after 1 April 2023: Entire amount of gain is added to the...