How long is long-term when investing in equity?
The cut in corporate tax rate triggered the biggest one-day rise in the Sensex on September 20. Investors who were thinking of exiting must now be reviewing their plans. However, this one-day rally should not be the reason to stay invested in equities. It is well-known that equities generate better returns than any other asset class over the long term. The question is, how long is long-term?
For tax purposes, holding equity and equity funds for a period of one year is long-term— too shor ..