LTCG (Long-term Capital Gains) applies to equity fund holdings over 1 year with 10% tax on gains above ₹1 lakh. STCG (Short-term Capital Gains) applies to equity fund holdings under 1 year with 15% tax on all gains. The holding period and tax rates are different for each category.

Minimize tax liability by using LTCG benefits (₹1 lakh exemption), implementing tax harvesting strategies, choosing tax-efficient funds, maintaining proper holding periods, and strategic timing of investments and redemptions. Consider your income tax bracket and investment goals.

ELSS funds offer tax deduction up to ₹1.5 lakh under Section 80C, long-term capital gains tax benefits after 1 year, and better tax efficiency compared to other 80C options. The 3-year lock-in period ensures disciplined investing and long-term wealth creation.

Plan taxes by understanding equity vs debt taxation, using LTCG/STCG benefits strategically, implementing tax harvesting, choosing appropriate funds based on tax implications, maintaining proper documentation, and considering your income tax bracket and investment goals.

Tax harvesting involves selling loss-making funds to offset gains from profitable funds, thereby reducing overall tax liability. It requires strategic timing of sales, proper documentation of transactions, and compliance with tax regulations. This strategy helps minimize tax liability while maintaining investment goals.