The tax treatment of hybrid funds varies based on their equity–debt mix and whether the investment was made before or after 1 April 2023.

Hybrid Fund Category

Long-Term Capital Gains

Short-Term Capital Gains

Aggressive

12.5%

(More than 12 months)

20%

(Up to 12 months)

Conservative

12.5%

(More than 24 months before 1st April, 2023)

Slab rate

(after 1st April, 2023)

Slab rate

(Up to 24 months before 1st April, 2023)

Slab rate

(Always short-term after 1st April, 2023)

Balanced

12.5%

(More than 24 months)

Slab rate

(Up to 24 months)

Multi-asset allocation

(For more than 65% equity )

12.5%

(More than 12 months)

20%

(Up to 12 months)

Dynamic asset allocation or Balanced Advantage (For more than 65% equity)

12.5%

(More than 12 months)

20%

(Up to 12 months)

Arbitrage

12.5%

(More than 12 months)

20%

(Up to 12 months)

Equity Savings

12.5%

(More than 12 months)

20%

(Up to 12 months)

*LTCG of 12.5% is for a gain of over Rs. 1.25 lakh (exemption limit) in a financial year

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Mutual Funds

Index Funds