Taxability on monthly amount received as redemption

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  1. Dear Sir,
    I have invested Ra. 6.00 lakh in SBI MF Balance Growth fund (Regular Plan) and Earning
    Rs. 4800/- per month as redemption of NAV.I am a senior citizen. Kindly advice whether this monthly income is taxable or not?

    With regards

    Shailendra Kumar Sharma
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