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WebTax on Equity Mutual Funds. A mutual fund scheme is eligible to be taxed as an equity scheme if the investment amount is at least 65 per cent of the total corpus in equity and equity related instruments. Also, if investments are held for more than a year, only then the return from an equity mutual fund is considered as long term capital gain. WebNuveen mutual fund returns are updated on the first business day of each month and TIAA-CREF mutual fund returns are updated on the second business ... Income from municipal and tax-free bond funds is generally exempt from regular federal and state personal income taxes. Income may be subject to the federal alternative minimum tax and local ... WebApr 29, 2024 · SBI Life - Saral Maha Anand. The returns and the amounts earned on the SBI Life - Saral Maha Anand is tax free. Being a Unit Linked Insurance Plan, you get Sec 80C tax benefit. kansas city chiefs vs san francisco