Long-term capital asset classification altered; roll-over of fixed maturity mutual funds isn't a transfer, taxation on redemption. The Finance (No.2) Act, 2014 extended the holding period for non-equity mutual fund units to qualify as long-term to over thirty-six months. Rollovers of closed-ended Fixed Maturity Plans under the specified rollover and disclosure regime do not create a new scheme and therefore do not amount to a transfer; no capital gains arise at the time of rollover. Capital gains will arise only upon redemption or when a unitholder opts out and effects transfer, at which point the amended holding-period rule determines short term or long term character.