Dividends from non-equity mutual funds are taxed at the rate of 28.87% at source..!

Dividends from non-equity mutual funds are taxed at the rate of 28.87% at source..!

Dividends from non-equity mutual funds (MFs)  are taxed at the rate of 28.87 persent at source.


So, it makes no sense to buy the dividend option of any non-equity fund, especially monthly income plans (MIPs) 
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