PILOT CLUB OF TITUSVILLE is a member of Pilot International, a global organization celebrating ninety-one exciting years of history-making service programs and projects. Chartered May 25, 1957 by the Pilot Club of Jacksonville, Florida.
Mutual funds can be bought and sold daily. However, unlike equities and other types of securities that trade on the secondary market throughout each trading day, share transactions in a fund are carried out once each day after the close of market at 4 p.m. Eastern Time.
What is short term Capital Gain. It is the gain you are getting, when you are selling the mutual fund within 365 days of its purchase. As per the current tax rules, you have to pay 15% tax on the short term capital gains from equity mutual funds. With 3% cess, it will be 15.45%. 2. Debt mutual funds.