SBI Hybrid Mutual Funds', offer 0 different types of mutual fund schemes under the hybrid mutual fund category. The total AUM belonging to these hybrid funds as on September 2024 is Rs 1111807.96034421 crores. The SBI hybrid schemes include balanced funds, multi-asset allocation funds, balanced advantage funds, equity savings funds, and arbitrage funds.
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₹500+
Fund Name | Scripbox Opinion | Till Date CAGR | |
---|---|---|---|
10.474% | 9.402% | ||
10.551% | 8.636% | ||
12.462% | 15.809% | ||
15.269% | 9.677% | ||
- | 42.699% |
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The tax on SBI MF Hybrid funds depends on the percentage of exposure of the scheme towards equity and debt. If the scheme is exposed to equities of more than 65% then the tax treatment is similar to that of an equity fund. Otherwise, the tax treatment will be similar to that of debt funds.
Hence, if equity focused schemes are redeemed after 12 months then LTCG will be applicable. LTCG will be taxable at a flat rate of 10%. Moreover, LTCG of up to Rs 1 lakh is tax exempt. If equity focused schemes are redeemed within 12 months then STCG is applicable. STCG is taxable at a tax rate of 15%.
Furthermore, if debt focused schemes are redeemed after 36 months then LTCG arises. LTCG is taxable at a rate of 20% after giving the benefit of taxation. STCG will arise if these schemes are redeemed within 36 months. STCG is taxable at the applicable slab rate for the financial year.
As per the Finance Bill 2023, debt mutual funds will no longer have the LTCG benefit. Thus, capital gains arising for debt investments after April 1st 2023, will be taxed as per the investor’s IT slab rate.
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