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Exchange Traded Funds: Investing in ETFs? Nithin Kamath's Zerodha shares five things investors should know about
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NIFTY 50 ETF will be taxed like an equity mutual fund, a 10-year G-Sec ETF will be taxed as a debt mutual fund. Capital gains from a net asset value (NAV) rise are regarded as long-term capital gains (LTCGs) in case the equity ETFs are held for more than 12 months.
Unlike mutual funds, ETFs can be bought and sold only through the stock exchanges. A Demat account is a must to trade in ETFs.
Since they are passively managed, ETFs are cheaper and have a much lower expense ratio compared to actively-managed mutual funds. Broking firm Zerodha has received final approval from capital markets regulator Sebi to set up an asset management company, its founder and CEO Nithin Kamath said on Friday.
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