Tax Rate

Investments in Mutual Funds are subject to varied tax benefits and liabilities on dividend, dividend distribution and capital gains. Tax rates differ depending on the type of scheme it may be, i.e. debt, equity, liquid, etc., as well as the type of investor. It should be noted that tax rates are subject to change.

Dividend and Capital gain taxation from 1 April, 2008.

	INDIVIDUALS	CORPORATES	NRI*
Dividend
Equity schemes Tax free Tax free Tax free Debt schemes Tax free Tax free Tax free
Dividend distribution tax
Equity schemes Nil Nil Nil Debt schemes 12.5% + 7.5% surch. + 3% cess 13.841% 20% + 7.5% surch. + 3% cess 22.145% 12.5% + 7.5% surch. + 3% cess 13.841% Money market and Liquid schemes 25% + 7.5% + 3% 25% + 7.5% + 3% 25% + 7.5% + 3%   27.681% 27.681% 27.681%
Long term Capital gains
Equity schemes Nil Nil Nil Debt schemes 10% without indexation or 20% with indexation whichever is lower + 3% cess 10% without indexation or 20% with indexation whichever is lower + 7.5% + 3% cess 10% without indexation or 20% with indexation whichever is lower + 3% cess Without indexation 10.3% 11.073% 10.3% With indexation 20.6% 22.145% 20.6%
Short term Capital gains
Equity schemes 15% + 3% 15.45% 15% + 7.5%+3% 16.609% 15% + 3% 15.45% Debt schemes 30% + 3%* 30.9% 30% + 7.5% + 3% 33.2175% 30% + 3% 33.9%

^** STT @ 0.25% will be deducted on equity funds at the time of redemption and switch to the other schemes. The short term/long term capital gain tax will be deducted at the time of redemption of units in case of NRI investors only. The rates that will be applied by the AMC at the time of redemption would be as follows:

Short term	Long term
Equity	15.45%	Nil
Debt	30.9%	20.6%

Disclaimer

"The information contained herein has been obtained from sources published by 3^rd parties. While such publications are believed to be reliable, however, neither the AMC, the Trustees, the Fund or any of their affiliates or representatives assume any responsibility for the accuracy of such information. The tax rates provided hereunder are only for the purpose of information and the actual tax incidence may vary from assessee to assessee. Investors are requested to kindly consult their tax advisors for ascertaining tax liability."