I have invested in a mutual fund for a period of two years. The last SIP is due this January’13. I have started this investment (equity) in Jan’11.
My question is; Will I be taxable if I en-cash the gain within this March’13? Or anytime within Jan’14 (considering the 1 year limit – read in couple of websites that it will not be taxable if withdrawn after 1 year of investment)
I am a novice investor and trying to juggle within taxes and creating wealth. Many thanks for helping me in advance.