The Union Budget 2024 ushered in significant changes to the taxation of capital gains in India. These modifications have far-reaching implications for investors across various asset classes. Let’s delve into the key alterations: Harmonisation of Long-Term Capital Gains (LTCG) Tax Rate Uniform rate:The most prominent change is the introduction of a uniform LTCG tax rate of 12.5% for all asset classes, including property, gold, and equity. Previously, these assets had different tax rates No indexation benefit:The government has eliminated the indexation benefit, a provision that allowed taxpayers to adjust the purchase price of an asset for inflation. This means higher taxable gains. What were the major the major announcements Short term gains on certain financial assets shall henceforth attract a tax rate of 20 per cent, while that on all other financial assets and all non-financial assets shall continue to attract the applicable tax rate. Long term gains on all financial and non-financial assets, on the other hand, will attract a tax rate of 12.5 per cent. For the benefit of the lower and middle-income classes, I propose to increase the limit of exemption of capital gains on certain financial assets to ₹ 1.25 lakh per year. Listed financial assets held for more than a year will be classified as long term, while unlisted financial assets and all non-financial assets will have to be held for at least two years to be classified as long-term. Unlisted bonds and debentures, debt mutual funds and market linked debentures, irrespective of holding period, however, will attract tax on capital gains at applicable rates. ( Refer : https://www.indiabudget.gov.in/) Impact on Different Asset Classes Property: While the LTCG tax rate has reduced from 20% to 12.5%, the removal of indexation might offset this benefit, especially for older properties. Gold: Similar to property, the lower tax rate is counterbalanced by the absence of indexation. Equity: While the LTCG tax rate has increased from 10% to 12.5%, the exemption limit has been raised from Rs. 1 lakh to Rs. 1.25 lakh. Short-Term Capital Gains (STCG) Tax Higher rate: The STCG tax rate on equity-related investments has been increased from 15% to 20%. Asset Class Holding Period STCG LTCG Shares/ Equity (Listed) 12 months 20% 12.5% Equity MF 12 Months 20% 12.5% Bonds ( Listed ) 12 Months 20% 12.5% REITs/ InVITs 12 Months 20% 12.5% Silver/ Gold ETF 12 Months Slab 12.5% Gold Funds 24 Months Slab 12.5% Stock( Unlisted ) 24 Months Slab 12.5% Foreign Shares 24 Months Slab 12.5% Overseas Equity Fund 24 Months Slab 12.5% Gold 24 Months Slab 12.5% Real Estate 24 Months Slab 12.5% Debt MF/ MLD NA Slab Slab Debt ETF NA Slab Slab Bonds ( Unlisted) NA Slab Slab Key Takeaways Simplification: The new regime aims to simplify the tax structure for capital gains. Higher tax burden: For many investors, especially those with older assets, the overall tax burden might increase due to the removal of indexation. Strategic planning: Investors need to carefully evaluate the impact of these changes on their portfolios and investment strategies. Conclusion The changes in capital gains tax introduced in Budget 2024 mark a significant departure from the existing tax regime. While the intent might be to simplify the tax structure, the practical implications for investors are complex. It is crucial to consult with a tax professional to understand the full ramifications of these changes on your personal financial situation. You can reach us to help you design the bets fund portfolio , so that you get best results according to your need and assessment.( you can reach us : https://wa.me/message/LC5W5ZNTPSJ5L1) Do set you asset allocation and understand which fund would suit you the best 
The category of Large and Mid cap fund has been long in existence but as the mid cap were under performer for long duration this category did loose its steam and was out of flavour for long period. The Last few years growth in mid cap fuelled its growth. But he category had few leaders like Mirae asset large & Midcap fund and Kotak Equity opportunities fund which were found to be in lots of portfolio even now. Fund Name Year Of Inception Fund rating ( Crisil rated ) Portfolio Size ( In Cr ) Expense ratio PE ratios Turn over Bandhan Core equity fund 2005 5 4,394.78 1.89 21.22 71% ICICI Pru large and midcap fund 1998 5 13,117.39 1.72 18.99 58% Quant large and midcap fund 2006 5 2,535.89 1.96 20.52 179% Motilal oswal large and Midcap equity fund 2019 4 4,036.22 1.86 36.02 69% HDFC large and midcap fund 1994 4 18,691.62 1.7 19.06 2% Kotak Equity opportunities fund 2004 3 21,495.8 1.62 21.52 16% SBI large and midcap fund 1993 3 22,689.5 1.65 22.99 52% Axis Growth Opportunities fund 2018 3 12,096.56 1.7 27.56 23% Canara Robeco emerging equities fund 2005 2 21,508.53 1.63 21.64 19% Mirae asset large & Midcap fund 2010 2 34,974.46 1.55 19.30 52% Bandhan Core equity fund : Bandhan core equity is a 5 star rated fund, it has kept a very high turnover ratio, fee is bit on higher side , it has decent PE as on date. ICICI Pru large and mid cap fund : ICICI Pru large and mid cap has a decent fund size, the expense ratio is also decent. Even the PE 18.99 shows the fund has wise stocks selection. Quant large and mid cap fund : Quant is the smallest fund in the list , so has the highest expense ratio, highest turnover which is normal for quant AMC. Decent PE of 20. Motilal oswal large and Midcap equity fund : Motilal Oswal large and midcap equity fund has small fund size , high expense ratio and turn over ratio , the fund seems the same as that of bandhan Core equity fund but the PE of 36.02 is very high. HDFC large and mid cap fund :One of the oldest funds, HDFC Large and Mid cap fund has decent fund size, The expense ratio is normal in line with the fund size. The fund has kept its turnover at just 2% and a great PE of 19%. Kotak Equity opportunities fund : Kotak Equity Opportunity fund is one of the biggest funds in the category. It used to be a favorite investment option a while back. Low expense ratio , low turnover and the PE seems in line with the category. But very low turnover in the stocks. The fund is 3 rated SBI large and mid cap fund : Another giant fund in the category with low expense ratio. The fund is Crisil rated 3 at the moment, Decent turnover ratio of 52% and low expense ratio.The PE of 23 is a bit on the high side.  Axis Growth Opportunities fund : Axis Growth opportunity fund 3 star rated fund with decent fund size , expense ratio is also decent, high PE is seems quite dangerous. Low turnover ratio. Canara Robeco emerging equities fund : Another Giant fund in the category is the Canara Robeco emerging equities fund, it is a 2 star rated fund. Expense ratio is Low. PE seems in line with the fund category. Turnover is low. Mirae asset large & Midcap fund : The Mirae asset Large & mid cap fund has been the biggest fund now earning a rating of 2 star. Lowest Expense ratio. Low PE and turnover is decent.  Trailing Returns : 1 year Trailing Return : Quant large and MidCap lead the category with 67.55% return, Second quartile with 54.86% of Bandhan Core Equity fund and Motilal Oswal large and Midcap fund 51.39%. Third quartile HDFC Large and mid cap fund , ICICI Pru Large & Mid Cap fund and Kotak Equity Opportunities fund Fourth quartile was the lowest star rated fund Canara Robeco Emerging Equities and Mirae Asset Large and Midcap fund. Last quartile for our discussion was taken by SBI large & MidCap fund and Axis growth Opportunities fund. 3 year Trailing Return : Quant Large & Midcap were the leader again in the category with 28% return. Second quartile range between 24-26% ICICI Pru Large & Midcap fund, Motilal Oswal Large & MidCap fund, HDFC Large & MidCap fund , Bandhan Core Equity fund Third Quartile was taken by SBI Large & Midcap fund and Kotak Equity Opportunities fund. Last in the category was the Axis growth Opportunities fund, Canara Robeco Emerging Equities and Mirae Asset Large & Midcap fund. 5 year Trailing Return : Quant Large & Midcap Was the leader in 5 years trailing return Next in Quartile for returns above to between 22-23% HDFC large & MidCap and ICICI Pru Large and Midcap 3rd quartile 21-22 % Kotak Equity Opportunities fund, Bandhan Core Equity fund, Axis growth Opportunities fund. 4th quartile of 20-21% SBI large & MidCap fund and Mirae Asset Large & Midcap fund Last were below 20% Canara Robeco Emerging Equities Motilal Oswal Large & MidCap fund was not launched 10 year Trailing Return : Top quartile is maintained by Quant Large & Midcap fund and Mirae Asset Large & Midcap fund. The 2nd quartile is Canara Robeco Emerging Equities and Kotak Equity Opportunities fund. 3rd quartile 15-17% SBI large & MidCap fund, Bandhan Core Equity fund, ICICI Pru Large & Mid Cap fund. 4th quartile HDFC Large & MidCap fund 14.46%. Motilal Oswal Large & MidCap fund and Axis growth Opportunities fund do not have that long history. General observation : This category has been very unique in the sense, if we look at the returns in the last 1 or 3 years, the returns are very divergent but the they tend converge in range