Mutual Fund is one of the best investment options. You can achieve whatever financial goal you have by investing money in Mutual funds. Mutual funds are expected to give higher returns compared to all other investment options. You may not be aware that mutual fund gains are taxable in nature. This means when you redeem mutual funds you need to pay tax. The tax applicable to the mutual funds is based on mutual fund types and holding period. In case you want to redeem your mutual fund you should know the applicability of income tax on capital appreciation. Here is