Capital gains tax
Regulation & taxTax on profit realised from selling an asset.
In plain terms
A reason to trim gradually and use the annual exemption — not a reason to hold indefinitely.
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Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Scheme merger
Market basicsThe combining of one mutual fund scheme into another, after which unitholders hold units of the surviving scheme.
In plain terms
A change in fundamental attributes, so it arrives as a written notice with a no-load exit window. The waiver covers the load, not the capital gains tax, which is usually the larger number.