Suppose a mutual fund has a NAV of 12 and you have 10 shares, do you get 120?
How does tax work in this case?
Also, if you’ve held any mutual fund till maturity would you be okay dropping some numbers? Like how much does an average mutual fund pay out when it matures.
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> Suppose a mutual fund has a NAV of 12 and you have 10 shares, do you get 120?
Yes, roughly speaking.
> How does tax work in this case?
5% on the capital gain.
> Also, if you’ve held any mutual fund till maturity would you be okay dropping some numbers? Like how much does an average mutual fund pay out when it matures.
It averages to be around 14%. But, we don’t have a very long history, so we are playing with small dataset here to deduce the 14%