CALCULATION OF LTCG ON SELL OF MEPUS CLOSE END MF SCHEME

Sunil Joshi (25 Points)

18 April 2021  

UTI CLOSE END MF SCHEME MEP WAS CONVERTED INTO MEPUS. ON REDEEMING THE UNITS, WILL THE PROCEEDS BE TAXABLE? HOW LTCG WILL BE CALCULATED? WILL THERE BE GRANDFATHERING OF NAV? WHAT WAS THE GRANDFATHERED NAV FOR MEPUS?