Low-risk mutual funds investment: Long-term gilt funds a good choice now

Gilt funds are taxed like debt mutual funds. Short-term capital gains are taxed as per the investor’s income tax slab if the units are redeemed before three years. At a time when many categories of debt mutual funds are reporting redemptions, investors are buying gilt funds as they are safer because there is no credit risk. In April, gilt funds saw net inflows of Rs 2,515 crore as compared with net outflows in funds such as Rs 19,239 crore from credit risk funds, Rs 6,841 crore from low duration funds…

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