The mode of holding doesn't have any affect on the taxation aspect of your mutual fund. Irrespective of whether your mode of holding is individual' or 'Joint' or 'Either or Survivor' the taxation rule remains the same. Since you plan to invest in equity funds, if you hold them for over 1 year, there will be no tax and if you redeem/sell them within 1 year, the short term capital gains will be taxed at 15 percent.
'Either or Survivor' in mutual funds is an option where either of the holders can perform the transactions in the folio whereas in the Joint option, the signatures of all holders are necessary for any transaction
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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds
Top 10 Tax Saver Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in India for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Religare Tax Plan
4. DSP BlackRock Tax Saver Fund
5. Franklin India TaxShield
6. ICICI Prudential Long Term Equity Fund
7. IDFC Tax Advantage (ELSS) Fund
8. Birla Sun Life Tax Relief 96
9. Reliance Tax Saver (ELSS) Fund
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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