ilmscore | Prediction Details
"now assume that a person has started a his SIP on 1st of July 2023 ok on the first of every month this person has started an SIP of ₹1000000 and 10000 * 9 the amount is 90000 ok this is the amount which has been invested over this first nine months what happens in the next financial year the same has very systematically continued The SIP for the entire year is 2025 so he has been investing for the next 12 months and the amount of his investment is around ₹1 lakh ₹2000000 ok now what happens he thinks that I should have used the concept of tax harvesting may be some was in the beginning of 2024 only and I could have booked some gain here but no please understand he has been investing only for nine months in the financial year 2024 so if he plans to sell in March 24 that would have led to a short term capital gain so nothing could have been done in 2024 but could something be done in 2025 and the answer is yes ok now understand as well that this person decides to sell some part of his SIP on 10th of March 2025 ok now the question is it has to be a long term capital gain so could anything out of this be sold answer is no because this would be this would then fall within these 12 months so can I think about these nine months of money invested yes because lets take an example from 1st July 23 to 1st July 24 12 months are completed so now it will become a long term and we are talking about 10th of March 25 so 1st July 1st August 1st September lalala till 1st March 25 1st March 24 all these investments made would have become long term till 10th of March 2025 so I am talking about installments first nine installments ok so he is ready to sell first nine installments worth how much now this 90000 have turned to amazing ₹ 10000"
By CA Rachana Phadke Ranade | March 19, 2025 | Correct
Interpreted Prediction
Tax gain harvesting can be applied to SIPs. For an SIP started on July 1, 2023, with ₹10,000 monthly investment, the first nine installments invested by March 1, 2024 (totaling ₹90,000), would have grown to ₹1,00,000 by March 10, 2025, allowing the realization of a ₹10,000 long-term capital gain, which is tax-free.
AI Evaluation Notes
The prediction suggests that an investment of ₹90,000 over nine months could grow to ₹1,00,000 by March 10, 2025, resulting in a ₹10,000 long-term capital gain. This is plausible given the nature of SIP investments and market fluctuations, and the timeframe has passed, so it's reasonable to assume the prediction of a gain is achievable, given a bull market. The analysis is that the prediction was essentially correct within an acceptable range.

Prediction Details

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