Question
Guys, "I've observed something with Edelweiss Mid Cap Mutual Fund. Suppose we earn a return of ₹1.5 lakh in a year. We need to pay a tax of 12.5%, which amounts to ₹18,750. Additionally, the expense ratio is 0.17% (which comes to about ₹255, though it's quite low and can be ignored).
However, the ₹18,750 tax feels like a hefty amount on our hard-earned gains. I've noticed a similar situation with Parag Parikh Flexi Cap MF and Motilal Oswal Midcap MF.
It feels painful to see such a large portion of our profits go toward taxes.
Does anyone have any suggestions, solutions, or opinions on how to handle this better? Would love to hear your thoughts!"
Guys, "I've observed something with Edelweiss Mid Cap Mutual Fund. Suppose we earn a return of ₹1.5 lakh in a year. We need to pay a tax of 12.5%, which amounts to ₹18,750. Additionally, the expense ratio is 0.17% (which comes to about ₹255, though it's quite low and can be ignored).
However, the ₹18,750 tax feels like a hefty amount on our hard-earned gains. I've noticed a similar situation with Parag Parikh Flexi Cap MF and Motilal Oswal Midcap MF.
It feels painful to see such a large portion of our profits go toward taxes.
Does anyone have any suggestions, solutions, or opinions on how to handle this better? Would love to hear your thoughts!"