Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

All about Mutual Funds

Mutual Funds

Equity Investments are a very common type of investments but beneficial for those who are ready to take risk. Small scale investors generally don’t like to invest their savings in Equity. It is from where concept of mutual funds arises. Mutual Funds are small – small units where people used to get their savings invested and AMC (Asset Management Company) who is responsible for managing the money received from mutual funds get invested into either equity or debt funds thus giving rise to liquidity in the market.


As per Section 10 (38) , In case if assessee sells his Equity Oriented Mutual Funds already held by him for more than 1 year and on which STT is paid by him + these funds are listed on stock exchange then capital gain on these mutual funds will be exempted. This means you don’t have to give tax on profit made by you by selling mutual funds.

As per Section 80C , an assessee can get deduction of money invested in mutual funds upto Rs. 1,50,000 . However, there are only certain prescribed “Tax Saver Mutual Funds” on which deduction could be claimed by assessee.


  • We can say that a person not only can get an exemption of profit earned from selling mutual funds but also can claim deduction in respect of investment from mutual funds.
  • Also, Dividend received from mutual funds are Tax exempted and return on Mutual funds are generally higher than investing in any FD or creating RD.

As Mutual funds are providing Tax benefits there are certain more deductions like Section 80G. Income tax section 80g to know about it more

Mutual Funds


At CAKART you will get everything that you need to be successful in your CA CS CMA exam – India’s best faculty video classes (online or in pen drive) most popular books of best authors (ebooks hard copies) best scanners and all exam related information and notifications.Visit and chat with our counsellors any time. We are happy to help you make successful in your exams.

Click Here to download FREE CA CS CMA Text Books

Leave a comment

Your email address will not be published. Required fields are marked *