NISM 21B Portfolio Managers Exam Notes

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  • Long-Term Capital Gains (LTCG): >1 year (equities), >3 years (others).
  • Equity STCG: Taxed at 15% for listed securities.
  • Equity LTCG: 10% above Rs.1 lakh exemption.
  • Debt STCG: Taxed at slab rates.
  • Debt LTCG: 20% with indexation.

NISM 21B Portfolio Managers

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