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Please provide information about MF houses tax pattern

Please provide information about MF houses tax pattern with illustrations. Like reliance growth fund has declared total dividend and how much tax paid by fund house. How tax deducted from growth option?

Jun 13, 2016 by Narendra Pandya,   |   Mutual Fund

Your question is not very clear to us. It seems that you want to know how much tax is paid if dividends from equity mutual funds are paid out to investors?

If that is the case, then please note that the dividends received from equity mutual funds in the hands of the investors is totally tax free and there are no dividend distribution tax paid by the Asset Management Companies (AMC). You may also like to note that dividends declared by debt mutual funds are also are tax free in the hands of the investors, however a dividend distribution tax @ 28.84% is paid out from the scheme.

With regards to dividends declared by Reliance Growth Fund, please check the complete historical dividends from here https://goo.gl/uomPc4. Please also note that on these dividends no dividend distribution tax was paid by Reliance Mutual Fund as it is an equity scheme. Normally dividends are not declared from the Growth option of the schemes. However, if dividends are declared from the Growth option of the equity schemes, then the same rule will apply.

Please let us know if this reply answers your queries. In case of some doubt, do write to us again.

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