'Equity-oriented fund' for Sections 111A/112A requires equity in domestic listed companies above:
A75%
B50%
C100%
D65% of investible funds
Answer & Solution
Correct answer: D. 65% of investible funds
1. Explanation to Section 112A defines 'equity-oriented fund'.
2. Fund is equity-oriented if > 65% of investible funds in equity of domestic listed companies.
3. For fund-of-funds investing in equity MFs: 90% in underlying eq-MFs.
_Source: ICAI BoS CA Final Paper 7, Ch 4 "Capital Gains"_
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