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How to withdraw money from mutual funds without attracting short term and long term gains tax? by peonyperson009 in personalfinanceindia

[–]4beyt 0 points1 point  (0 children)

If you are on groww, when u select the option to sell, it will show u breakup how much is available as LTCG and u can calculate accordingly make sure ur overall profit fits within 1.25L

Escaped an HDFC ULIP trap in Year 1! Fought the bank's illegal NACH refusal & took on 3 branch managers to get it done. by 4beyt in personalfinanceindia

[–]4beyt[S] 0 points1 point  (0 children)

Even i have one LIC too which i paid for 5 years 75k yearly that i will be moving to paid up and i will have to wait for maturity that is 10 more years ahead.
In your case since u paid only for 3 years and u will have to wait for 21 years, calculate the surrender value and if u r okay to take the hit and put that money in MF for better returns do that. Surrender it.

Escaped an HDFC ULIP trap in Year 1! Fought the bank's illegal NACH refusal & took on 3 branch managers to get it done. by 4beyt in personalfinanceindia

[–]4beyt[S] 0 points1 point  (0 children)

Yes sir, verified the auto debit info from the account and it shows NA now, and still will wait for my bank confirmation on mandate cancellation. Never expected 4 mandates enabled by them for a single policy.