Depositing a cheque is an essential financial skill for Indian investors, particularly in Tier II and Tier III cities where banking services may be less accessible. It allows for secure transactions and helps investors manage their finances effectively, including funding mutual fund investments. A cheque is a written order directing a bank to pay a specified sum of money from one person's...

Long-term capital gains (LTCG) refer to profits from selling mutual fund units held for a longer duration, with tax treatment varying between equity and debt mutual funds. What is Long-Term Capital Gain on Mutual Funds?LTCG arises when mutual fund units are sold after holding them for: Equity Mutual Funds: Held for over a year. Debt Mutual Funds: Held for over three years. Tax on LTCG in...