General

How are Capital Gains Taxes charged?

Much like a bank account number, a Folio number is your Account Number in a Mutual Fund Scheme, under which your Unit holdings in a mutual fund scheme are recorded in the Unit Holders’ Register. Most Mutual Funds allot a Master Folio number, so that Unit holdings of a unit holder (or same set of unit holders, in case of joint holders) are shown under a common folio number thereby avoiding the need to remember multiple folio numbers.