MF Query Board

Readers are requested to send only one query at a time so that more readers get a chance. Have questions relating to any aspect of personal finance. Ask DSIJ at editorial@DSIJ.in and get your queries resolved.



All the FoFs (Fund of Funds) are taxed similar to debt mutual funds. Any gain on sale of FoF before three years will be considered as short-term capital gain and would be added to your income and taxed as per your income tax slab. Any gain arising out of sale of FoF after 3 years would be considered as long-term capital gain and would attract 20 per cent tax but with indexation benefit. 


Mirae Asset is a well-managed fund house and has funds that have performed well and lie in the top quartile in terms of performance. To answer your question, yes, we can trust foreign companies and for that matter any company in mutual funds space as they are highly regulated and strictly governed by the SEBI regulations. The requirement of setting up a fund house and disclosure norms are such that it becomes next to impossible for any fund house to get involved into any sort of malpractices. Therefore, there is no need to worry about the fund house and if any of the funds from this fund suit you, you can invest.